IRIS Accounts Production v23.3.1.45 02071196 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020711962022-04-30020711962023-04-30020711962022-05-012023-04-30020711962021-04-30020711962021-05-012022-04-30020711962022-04-3002071196ns10:Originalns15:EnglandWales2022-05-012023-04-3002071196ns14:PoundSterlingns10:Original2022-05-012023-04-3002071196ns10:Originalns10:Director12022-05-012023-04-3002071196ns10:Original2022-05-012023-04-3002071196ns10:Original2023-04-3002071196ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3002071196ns10:Originalns10:SmallEntities2022-05-012023-04-3002071196ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3002071196ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3002071196ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3002071196ns10:Originalns10:FullAccounts2022-05-012023-04-3002071196ns10:Original12022-05-012023-04-3002071196ns10:Originalns10:Director22022-05-012023-04-3002071196ns10:Originalns10:Director32022-05-012023-04-3002071196ns10:CompanySecretary1ns10:Original2022-05-012023-04-3002071196ns10:Originalns10:RegisteredOffice2022-05-012023-04-3002071196ns10:Original2022-04-3002071196ns10:Originalns5:CurrentFinancialInstruments2023-04-3002071196ns10:Originalns5:CurrentFinancialInstruments2022-04-3002071196ns10:Originalns5:Non-currentFinancialInstruments2023-04-3002071196ns10:Originalns5:Non-currentFinancialInstruments2022-04-3002071196ns5:ShareCapitalns10:Original2023-04-3002071196ns5:ShareCapitalns10:Original2022-04-3002071196ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3002071196ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3002071196ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-05-012023-04-3002071196ns10:Original2021-05-012022-04-3002071196ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-3002071196ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-04-3002071196ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-3002071196ns10:Originalns5:PlantMachinery2022-04-3002071196ns10:Originalns5:PlantMachinery2022-05-012023-04-3002071196ns10:Originalns5:PlantMachinery2023-04-3002071196ns10:Originalns5:PlantMachinery2022-04-3002071196ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3002071196ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3002071196ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-04-3002071196ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-04-30
REGISTERED NUMBER: 02071196 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

RADAMEC CONTROL SYSTEMS LIMITED

RADAMEC CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02071196)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RADAMEC CONTROL SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: R Palfrey
I C Passey
Mrs G Passey





SECRETARY: Mrs G Passey





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 02071196 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

RADAMEC CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02071196)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,744 10,046
Tangible assets 5 18,607 19,113
26,351 29,159

CURRENT ASSETS
Stocks 411,136 344,703
Debtors 6 139,446 139,572
Cash at bank 466,714 243,164
1,017,296 727,439
CREDITORS
Amounts falling due within one year 7 266,131 181,190
NET CURRENT ASSETS 751,165 546,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

777,516

575,408

CREDITORS
Amounts falling due after more than one
year

8

20,838

30,833
NET ASSETS 756,678 544,575

CAPITAL AND RESERVES
Called up share capital 10,526 10,526
Retained earnings 746,152 534,049
756,678 544,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

RADAMEC CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02071196)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:





I C Passey - Director


RADAMEC CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02071196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Radamec Control Systems Limited 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 comprises the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of valued added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Intangible assets
Intangible fixed assets are stated in the balance sheet at cost, less any subsequent amortisation. Amortisation is charged equally over the relevant development period or the life of the asset.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Statement of Income and Retained Earnings, 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.

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.

RADAMEC CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02071196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022
and 30 April 2023 113,823
AMORTISATION
At 1 May 2022 103,777
Charge for year 2,302
At 30 April 2023 106,079
NET BOOK VALUE
At 30 April 2023 7,744
At 30 April 2022 10,046

RADAMEC CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 02071196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 36,084
Additions 3,105
At 30 April 2023 39,189
DEPRECIATION
At 1 May 2022 16,971
Charge for year 3,611
At 30 April 2023 20,582
NET BOOK VALUE
At 30 April 2023 18,607
At 30 April 2022 19,113

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 84,898 125,206
Other debtors 38,296 7,862
Prepayments 16,252 6,504
139,446 139,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 39,850 42,241
Tax 52,439 14,548
Social security and other taxes 33,507 4,545
VAT 6,083 22,682
Other creditors 7,269 8,163
Accruals and deferred income 116,983 79,011
266,131 181,190

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 1-2 years 20,838 30,833