Company Registration No. 06423864 (England and Wales)
R&D Yorkshire Limited
Unaudited accounts
for the year ended 30 November 2023
R&D Yorkshire Limited
Unaudited accounts
Contents
R&D Yorkshire Limited
Company Information
for the year ended 30 November 2023
Directors
Mr. Manga Singh Dhillon
Mr. Vipul Sharma
Company Number
06423864 (England and Wales)
Registered Office
Eagle House Stonebridge Road, Eagle Way
Northfleet
Kent
DA11 9BJ
R&D Yorkshire Limited
Statement of financial position
as at 30 November 2023
Tangible assets
149,892
162,981
Debtors
3,862,737
3,434,325
Cash at bank and in hand
272,523
392,970
Creditors: amounts falling due within one year
(871,072)
(782,098)
Net current assets
3,300,770
3,085,419
Total assets less current liabilities
3,450,902
3,248,600
Creditors: amounts falling due after more than one year
(525,000)
(600,000)
Net assets
2,925,902
2,648,600
Called up share capital
100
100
Profit and loss account
2,925,802
2,648,500
Shareholders' funds
2,925,902
2,648,600
For the year ending 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 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 3 May 2024 and were signed on its behalf by
Mr. Manga Singh Dhillon
Director
Company Registration No. 06423864
R&D Yorkshire Limited
Notes to the Accounts
for the year ended 30 November 2023
R&D Yorkshire Limited is a private company, limited by shares, registered in England and Wales, registration number 06423864. The registered office is Eagle House Stonebridge Road, Eagle Way, Northfleet, Kent, DA11 9BJ.
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.
The accounts are presented in £ sterling.
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:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Over 10 Years Straight-line
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Intangible fixed assets
Other
At 1 December 2022
207,000
At 30 November 2023
207,000
At 1 December 2022
207,000
At 30 November 2023
207,000
R&D Yorkshire Limited
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
691,699
38,681
730,380
At 30 November 2023
691,699
51,850
743,549
At 1 December 2022
564,981
2,418
567,399
Charge for the year
19,008
7,250
26,258
At 30 November 2023
583,989
9,668
593,657
At 30 November 2023
107,710
42,182
149,892
At 30 November 2022
126,718
36,263
162,981
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Investments
Subsidiary undertakings
Valuation at 1 December 2022
200
Valuation at 30 November 2023
240
Investment in subsidiaries have been valued at cost less impairment. The company owns 20% or more shares in the following company:
Company Name/% holding/Total capital & reserve/Profit/(Loss) for the year:
KDG Food South Ltd / 40%/£100 /£100
KDG Bexleyheath Ltd / 100%/(£43,190) /(£43,290)
Sui Generis Ltd / 100%/(£164,237) /(£42,971)
Amounts falling due within one year
Trade debtors
41,663
40,468
Amounts due from group undertakings etc.
3,518,250
3,145,219
Accrued income and prepayments
50,546
-
Other debtors
252,278
248,638
R&D Yorkshire Limited
Notes to the Accounts
for the year ended 30 November 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
75,000
75,000
Trade creditors
203,575
208,593
Amounts owed to group undertakings and other participating interests
4,400
9,100
Taxes and social security
239,018
249,645
Other creditors
349,079
239,760
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
525,000
600,000
The company has fixed and floating secured loan from Santander Bank UK Plc for £ 675000. The loan is repayable over the five year period . The interest rate on the loan is at 4.30%.
The company is controlled by T&M Dhillon Group Ltd which is registered in England.
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Average number of employees
During the year the average number of employees was 147 (2022: 232).