Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01No description of principal activity1false1falsetrue 10087474 2022-04-01 2023-03-31 10087474 2021-04-01 2022-03-31 10087474 2023-03-31 10087474 2022-03-31 10087474 c:Director1 2022-04-01 2023-03-31 10087474 d:CurrentFinancialInstruments 2023-03-31 10087474 d:CurrentFinancialInstruments 2022-03-31 10087474 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10087474 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10087474 d:ShareCapital 2023-03-31 10087474 d:ShareCapital 2022-03-31 10087474 d:RetainedEarningsAccumulatedLosses 2023-03-31 10087474 d:RetainedEarningsAccumulatedLosses 2022-03-31 10087474 c:FRS102 2022-04-01 2023-03-31 10087474 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10087474 c:FullAccounts 2022-04-01 2023-03-31 10087474 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10087474










RG DIAGNOSTICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
RG DIAGNOSTICS LIMITED
REGISTERED NUMBER: 10087474

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,556
-

Cash at bank and in hand
  
38,425
29,777

  
42,981
29,777

Creditors: amounts falling due within one year
 5 
(27,119)
(23,076)

Net current assets
  
 
 
15,862
 
 
6,701

Total assets less current liabilities
  
15,862
6,701

  

Net assets
  
15,862
6,701


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
15,762
6,601

  
15,862
6,701


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs G D Tandon
Director

Date: 15 February 2024

Page 1

 
RG DIAGNOSTICS LIMITED
REGISTERED NUMBER: 10087474
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
RG DIAGNOSTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

RG Diagnostics Limited is a private company limited by shares and incorporated in England and Wales, registration number 10087474. The registered office is 8 The Courtyard Wyncolls Road, Severalls Industrial Park, Colchester, Essex, CO4 9PE. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Director has considered the Company's position at the time of signing the financial statements and has concluded that there is a reasonable expectation that the Company will have adequate resources to continue in operational existence in the future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
RG DIAGNOSTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Director
1
1

Page 4

 
RG DIAGNOSTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Trade debtors
4,556
-

4,556
-



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,602
-

Corporation tax
987
-

Other creditors
22,946
21,636

Accruals
1,584
1,440

27,119
23,076


 
Page 5