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REGISTERED NUMBER: 06716383 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

RDS (MANSFIELD) LTD

RDS (MANSFIELD) LTD (REGISTERED NUMBER: 06716383)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RDS (MANSFIELD) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: A Worboys
A S Randall





REGISTERED OFFICE: Unit 13 Mansfield i-Centre
Hamilton Way
Mansfield
Nottinghamshire
NG18 5BR





REGISTERED NUMBER: 06716383 (England and Wales)






RDS (MANSFIELD) LTD (REGISTERED NUMBER: 06716383)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,828 81,452

CURRENT ASSETS
Debtors 5 223,095 365,486
Cash at bank 73,751 68,552
296,846 434,038
CREDITORS
Amounts falling due within one year 6 114,015 195,856
NET CURRENT ASSETS 182,831 238,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,659

319,634

CREDITORS
Amounts falling due after more than one year 7 14,080 22,249
NET ASSETS 235,579 297,385

CAPITAL AND RESERVES
Called up share capital 51 51
Retained earnings 235,528 297,334
SHAREHOLDERS' FUNDS 235,579 297,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RDS (MANSFIELD) LTD (REGISTERED NUMBER: 06716383)

BALANCE SHEET - continued
30TH NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th May 2024 and were signed on its behalf by:




A Worboys - Director



A S Randall - Director


RDS (MANSFIELD) LTD (REGISTERED NUMBER: 06716383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Rds (Mansfield) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 20% on cost
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

RDS (MANSFIELD) LTD (REGISTERED NUMBER: 06716383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st December 2022
and 30th November 2023 27,852 134,487 162,339
DEPRECIATION
At 1st December 2022 12,692 68,195 80,887
Charge for year 1,392 13,232 14,624
At 30th November 2023 14,084 81,427 95,511
NET BOOK VALUE
At 30th November 2023 13,768 53,060 66,828
At 30th November 2022 15,160 66,292 81,452

RDS (MANSFIELD) LTD (REGISTERED NUMBER: 06716383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st December 2022
and 30th November 2023 110,232
DEPRECIATION
At 1st December 2022 50,238
Charge for year 11,999
At 30th November 2023 62,237
NET BOOK VALUE
At 30th November 2023 47,995
At 30th November 2022 59,994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 188,597 269,575
Other debtors 34,498 95,911
223,095 365,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,169 7,609
Trade creditors 3,102 2,675
Taxation and social security 20,240 31,598
Other creditors 82,504 153,974
114,015 195,856

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 14,080 22,249

RDS (MANSFIELD) LTD (REGISTERED NUMBER: 06716383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


8. ULTIMATE CONTROLLING PARTY

The controlling party is A & A S Worboys.