Registered number
07955300
RD.Lights Ltd
Filleted Accounts
29 February 2024
RD.Lights Ltd
Registered number: 07955300
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,665 2,261
Current assets
Debtors 4 43,168 23,335
Cash at bank and in hand 33,141 25,809
76,309 49,144
Creditors: amounts falling due within one year 5 (32,925) (27,685)
Net current assets 43,384 21,459
Net assets 45,049 23,720
Capital and reserves
Called up share capital 20 20
Profit and loss account 45,029 23,700
Shareholders' funds 45,049 23,720
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.
Richard Andrew Davies
Director
Approved by the board on 6 August 2024
RD.Lights Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
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:
Buildings 5% Straight line method
Office Equipment 20% Straight line method
Plant and machinery 20% Straight line method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery Office Equipment Total
£ £ £ £
Cost
At 1 March 2023 1,657 1,718 4,884 8,259
At 29 February 2024 1,657 1,718 4,884 8,259
Depreciation
At 1 March 2023 616 1,056 4,326 5,998
Charge for the year 82 230 284 596
At 29 February 2024 698 1,286 4,610 6,594
Net book value
At 29 February 2024 959 432 274 1,665
At 28 February 2023 1,041 662 558 2,261
4 Debtors 2024 2023
£ £
Trade debtors 2,974 3,017
Other debtors 40,194 20,318
43,168 23,335
Amounts due after more than one year included above 39,850 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 202 202
Taxation and social security costs 23,503 21,866
Other creditors 9,220 5,617
32,925 27,685
6 Other information
RD.Lights Ltd is a private company limited by shares and incorporated in England. Its registered office is:
45 Firswood Avenue
Ewell
Epsom
Surrey
KT19 0PU
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