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Company Registration No. 5865345 (England and Wales)
RDN Ltd Annual report and unaudited accounts for the year ended 31 October 2023
RDN Ltd Annual report and unaudited accounts Contents
Page
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RDN Ltd Company Information for the year ended 31 October 2023
Directors
R Kemp-Harper D J Smith
Company Number
5865345 (England and Wales)
Registered Office
20 Portnalls Road Coulsdon Surrey CR5 3DE
Accountants
Keywhites Limited 26 Grisedale Gardens Purley Surrey CR8 1EN
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RDN Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
- 
18,569 
Debtors
918,516 
773,812 
Cash at bank and in hand
25,516 
36,309 
944,032 
828,690 
Creditors: amounts falling due within one year
(344,451)
(289,833)
Net current assets
599,581 
538,857 
Total assets less current liabilities
599,581 
538,857 
Creditors: amounts falling due after more than one year
(21,297)
(31,945)
Net assets
578,284 
506,912 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
577,284 
505,912 
Shareholders' funds
578,284 
506,912 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
D J Smith Director Company Registration No. 5865345
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RDN Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
RDN Ltd is a private company, limited by shares, registered in England and Wales, registration number 5865345. The registered office is 20 Portnalls Road, Coulsdon, Surrey, CR5 3DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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RDN Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
1,179 
At 31 October 2023
1,179 
Depreciation
At 1 November 2022
1,179 
At 31 October 2023
1,179 
Net book value
At 31 October 2023
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
880,572 
766,745 
Other debtors
37,944 
7,067 
918,516 
773,812 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
Taxes and social security
333,034 
278,416 
Other creditors
769 
769 
344,451 
289,833 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,297 
31,945 
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 October 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
20,700 
29,718 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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