Registered number
09885870
R Dias Ltd
Report and Accounts
30 November 2023
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
R Dias Ltd
Registered number: 09885870
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 669 1,119
Current assets
Debtors 4 23,143 16,948
Cash at bank and in hand 35,325 100,100
58,468 117,048
Creditors: amounts falling due within one year 5 (43,693) (71,120)
Net current assets 14,775 45,928
Net assets 15,444 47,047
Capital and reserves
Called up share capital 12 12
Profit and loss account 15,432 47,035
Shareholders' funds 15,444 47,047
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 Dias
Director
Approved by the board on 15 April 2024
R Dias Ltd
Notes to the Accounts
for the year ended 30 November 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.
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:
Plant and machinery 20% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 2,949
Disposals (1,351)
At 30 November 2023 1,598
Depreciation
At 1 December 2022 1,830
Charge for the year 223
On disposals (1,124)
At 30 November 2023 929
Net book value
At 30 November 2023 669
At 30 November 2022 1,119
4 Debtors 2023 2022
£ £
Trade debtors 3,743 5,895
Amounts owed by group undertakings and undertakings in which the company has a participating interest 8,349 -
Other debtors 11,051 11,053
23,143 16,948
5 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 30,739
Corporation tax 40,597 30,576
Other creditors 3,096 9,805
43,693 71,120
6 Related party transactions
There are no related party transactions.
7 Controlling party
The ultimate holding company is Dias Holdings Limited, which is controlled by the Dias family.
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