RCA Laboratories Ltd Filleted Accounts Cover
RCA Laboratories Ltd
Company No. 05989001
Information for Filing with The Registrar
30 November 2023
RCA Laboratories Ltd Balance Sheet Registrar
at
30 November 2023
Company No.
05989001
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
3,7001,979
3,7001,979
Current assets
Debtors
5
49,43722,433
Cash at bank and in hand
48,95152,500
98,38874,933
Creditors: Amount falling due within one year
6
(26,807)
(29,019)
Net current assets
71,58145,914
Total assets less current liabilities
75,28147,893
Net assets
75,28147,893
Capital and reserves
Called up share capital
22
Profit and loss account
8
75,27947,891
Total equity
75,28147,893
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 25 July 2024 and signed on its behalf by:
J.D. Law
Director
25 July 2024
RCA Laboratories Ltd Notes to the Accounts Registrar
for the year ended 30 November 2023
1
General information
RCA Laboratories Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 05989001
Its registered office is:
Unit 21 Alpha Court
Windmill Lane Business Park,
Manchester
M34 3RB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% reducing balance
Furniture, fittings and equipment
33% reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 December 2022
53,4516,73360,184
Additions
2,681-2,681
At 30 November 2023
56,1326,73362,865
Depreciation
At 1 December 2022
51,6916,51458,205
Charge for the year
88872960
At 30 November 2023
52,5796,58659,165
Net book values
At 30 November 2023
3,5531473,700
At 30 November 2022
1,760
219
1,979
5
Debtors
2023
2022
£
£
Trade debtors
49,43721,978
Prepayments and accrued income
-455
49,43722,433
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
23,937
17,464
Loans from directors
1,47010,180
Accruals and deferred income
1,4001,375
26,80729,019
7
Share Capital
2 Ordinary £1 shares
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
40,000
60,000
40,000
60,000
Dividends by type:
Equity dividends
40,00060,000
40,000
60,000
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