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REGISTERED NUMBER: 13210315 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

RADIADERM LTD

RADIADERM LTD (REGISTERED NUMBER: 13210315)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RADIADERM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: M Lait
Ms J Mcmahon





REGISTERED OFFICE: Unit 6
The Mead Business Centre
Mead Lane
Hertford
Hertfordshire
SG13 7BJ





REGISTERED NUMBER: 13210315 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

RADIADERM LTD (REGISTERED NUMBER: 13210315)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 58,132 31,950
Tangible assets 5 2,570 3,505
60,702 35,455

CURRENT ASSETS
Stocks 15,720 -
Debtors 6 18,929 -
Cash at bank 4,895 391
39,544 391
CREDITORS
Amounts falling due within one year 7 229,161 126,836
NET CURRENT LIABILITIES (189,617 ) (126,445 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(128,915

)

(90,990

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (129,915 ) (91,990 )
SHAREHOLDERS' FUNDS (128,915 ) (90,990 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RADIADERM LTD (REGISTERED NUMBER: 13210315)

BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Ms J Mcmahon - Director


RADIADERM LTD (REGISTERED NUMBER: 13210315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Radiaderm Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


RADIADERM LTD (REGISTERED NUMBER: 13210315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022 36,000
Additions 33,095
At 31 July 2023 69,095
AMORTISATION
At 1 August 2022 4,050
Charge for year 6,913
At 31 July 2023 10,963
NET BOOK VALUE
At 31 July 2023 58,132
At 31 July 2022 31,950

RADIADERM LTD (REGISTERED NUMBER: 13210315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 4,221
Additions 316
At 31 July 2023 4,537
DEPRECIATION
At 1 August 2022 716
Charge for year 1,251
At 31 July 2023 1,967
NET BOOK VALUE
At 31 July 2023 2,570
At 31 July 2022 3,505

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,293 -
Other debtors 12,636 -
18,929 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 77,623 31,396
Amounts owed to group undertakings 146,564 -
Taxation and social security 1,000 -
Other creditors 3,974 95,440
229,161 126,836

RADIADERM LTD (REGISTERED NUMBER: 13210315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 July 2023 and the period ended 31 July 2022:

2023 2022
£    £   
M Lait
Balance outstanding at start of year - -
Amounts advanced 153 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 153 -

Included in other debtors is the director's loan account for Mr M Lait, amounting to £153. Mr M Lait was owed £91,440 as at the 31st July 2022 but was not appointed director until 1st September 2022.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the holding company, Ricochet Investments Limited. The director, Mr M Lait, controls 100% of the issued share capital in Ricochet Investments Limited.