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
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
RDN Ltd
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
25,516
36,309
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
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
RDN Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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
The accounts are presented in £ sterling.
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 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.
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.
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.
RDN Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
880,572
766,745
Other debtors
37,944
7,067
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
7
Creditors: amounts falling due after more than one year
2023
2022
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).