11 false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2021 - FRS102_2021 7,700 7,700 7,700 xbrli:pure xbrli:shares iso4217:GBP 05054716 2022-05-01 2023-04-30 05054716 2023-04-30 05054716 2022-04-30 05054716 2021-05-01 2022-04-30 05054716 2022-04-30 05054716 2021-04-30 05054716 core:MotorVehicles 2022-05-01 2023-04-30 05054716 bus:Director4 2022-05-01 2023-04-30 05054716 bus:Director1 2022-05-01 2023-04-30 05054716 core:LandBuildings 2022-04-30 05054716 core:MotorVehicles 2022-04-30 05054716 core:LandBuildings 2023-04-30 05054716 core:MotorVehicles 2023-04-30 05054716 core:LandBuildings 2022-05-01 2023-04-30 05054716 core:AfterOneYear 2023-04-30 05054716 core:AfterOneYear 2022-04-30 05054716 core:WithinOneYear 2023-04-30 05054716 core:WithinOneYear 2022-04-30 05054716 core:ShareCapital 2023-04-30 05054716 core:ShareCapital 2022-04-30 05054716 core:CapitalRedemptionReserve 2023-04-30 05054716 core:CapitalRedemptionReserve 2022-04-30 05054716 core:RetainedEarningsAccumulatedLosses 2023-04-30 05054716 core:RetainedEarningsAccumulatedLosses 2022-04-30 05054716 core:NetGoodwill 2023-04-30 05054716 core:NetGoodwill 2022-04-30 05054716 core:LandBuildings 2022-04-30 05054716 core:MotorVehicles 2022-04-30 05054716 bus:Director4 2022-04-30 05054716 bus:Director4 2023-04-30 05054716 bus:Director1 2021-04-30 05054716 bus:Director4 2022-04-30 05054716 bus:Director1 2021-05-01 2022-04-30 05054716 bus:Director4 2021-05-01 2022-04-30 05054716 bus:SmallEntities 2022-05-01 2023-04-30 05054716 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 05054716 bus:FullAccounts 2022-05-01 2023-04-30 05054716 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 05054716 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 05054716 core:OfficeEquipment 2022-05-01 2023-04-30 05054716 core:OfficeEquipment 2022-04-30 05054716 core:OfficeEquipment 2023-04-30
COMPANY REGISTRATION NUMBER: 05054716
Radley Aylesbury Limited
Filleted Unaudited Financial Statements
30 April 2023
Radley Aylesbury Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
4
7,700
7,700
Tangible assets
5
489,409
425,264
---------
---------
497,109
432,964
Current assets
Stocks
100,988
88,038
Debtors
6
80,967
91,267
Cash at bank and in hand
64,267
65,022
---------
---------
246,222
244,327
Creditors: amounts falling due within one year
7
408,852
350,289
---------
---------
Net current liabilities
162,630
105,962
---------
---------
Total assets less current liabilities
334,479
327,002
Creditors: amounts falling due after more than one year
8
334,095
302,638
---------
---------
Net assets
384
24,364
---------
---------
Capital and reserves
Called up share capital
9
9
Capital redemption reserve
91
91
Profit and loss account
284
24,264
----
--------
Shareholders funds
384
24,364
----
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Radley Aylesbury Limited
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 4 April 2024 , and are signed on behalf of the board by:
N Ing
Director
Company registration number: 05054716
Radley Aylesbury Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3, Bignell Park Barns, Chesterton, Nr Bicester, Oxon, OX26 1TD.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Office equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2022: 7 ).
4. Intangible assets
Goodwill
£
Cost
At 1 May 2022 and 30 April 2023
7,700
-------
Amortisation
At 1 May 2022 and 30 April 2023
-------
Carrying amount
At 30 April 2023
7,700
-------
At 30 April 2022
7,700
-------
5. Tangible assets
Land and buildings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 May 2022
389,436
58,822
34,397
482,655
Additions
19,676
60,485
7,955
88,116
---------
---------
--------
---------
At 30 April 2023
409,112
119,307
42,352
570,771
---------
---------
--------
---------
Depreciation
At 1 May 2022
29,016
28,375
57,391
Charge for the year
21,875
2,096
23,971
---------
---------
--------
---------
At 30 April 2023
50,891
30,471
81,362
---------
---------
--------
---------
Carrying amount
At 30 April 2023
409,112
68,416
11,881
489,409
---------
---------
--------
---------
At 30 April 2022
389,436
29,806
6,022
425,264
---------
---------
--------
---------
6. Debtors
2023
2022
£
£
Trade debtors
27,894
64,300
Other debtors
53,073
26,967
--------
--------
80,967
91,267
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
192,187
108,486
Corporation tax
2,660
36,006
Social security and other taxes
53,007
47,599
Other creditors
160,998
158,198
---------
---------
408,852
350,289
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
281,180
258,777
Other creditors
52,915
43,861
---------
---------
334,095
302,638
---------
---------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr C Robertson
N Ing
( 1,394)
26,000
24,606
-------
----
--------
--------
( 1,394)
26,000
24,606
-------
----
--------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr C Robertson
24,811
( 24,811)
N Ing
( 1,394)
( 1,394)
--------
--------
----
-------
24,811
( 26,205)
( 1,394)
--------
--------
----
-------