Registered number
11796398
RDBD Ltd
Filleted Accounts
31 December 2023
RDBD Ltd
Registered number: 11796398
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 67,969 84,961
Current assets
Debtors 4 88,016 46,576
Cash at bank and in hand 573,666 554,469
661,682 601,045
Creditors: amounts falling due within one year 5 (102,891) (65,353)
Net current assets 558,791 535,692
Total assets less current liabilities 626,760 620,653
Creditors: amounts falling due after more than one year 6 (54,677) (58,856)
Net assets 572,083 561,797
Capital and reserves
Called up share capital 100 100
Profit and loss account 571,983 561,697
Shareholders' funds 572,083 561,797
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R M Hughes
Director
Approved by the board on 29 March 2024
RDBD Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 6,752 98,980 105,732
At 31 December 2023 6,752 98,980 105,732
Depreciation
At 1 January 2023 975 19,796 20,771
Charge for the year 1,155 15,837 16,992
At 31 December 2023 2,130 35,633 37,763
Net book value
At 31 December 2023 4,622 63,347 67,969
At 31 December 2022 5,777 79,184 84,961
4 Debtors 2023 2022
£ £
Trade debtors 88,016 46,576
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 8,743 8,743
Trade creditors 46,179 26,484
Taxation and social security costs 47,897 30,003
Other creditors 72 123
102,891 65,353
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 54,677 58,856
7 Loans to directors
At the yar end, the company owed the Director R Hughes £72 (2022: £123)
8 Controlling party
The controlling party is Dr R M Hughes by virtue of shareholding
9 Other information
RDBD Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Ty Dan-Y-Graig
Graig Penllyn
Cowbridge
Wales
CF71 7RT
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