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REGISTERED NUMBER: 11844114 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Radwag UK Limited

Radwag UK Limited (Registered number: 11844114)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Radwag UK Limited (Registered number: 11844114)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,295 5,811

CURRENT ASSETS
Stocks 24,351 48,531
Debtors 5 103,839 10,239
Cash at bank and in hand 18,774 24,367
146,964 83,137
CREDITORS
Amounts falling due within one year 6 (141,278 ) (88,775 )
NET CURRENT ASSETS/(LIABILITIES) 5,686 (5,638 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,981 173

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,881 73
9,981 173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 9 July 2024 and were signed by:





Mr M Lewandowski - Director


Radwag UK Limited (Registered number: 11844114)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Radwag UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11844114

Registered office: 16 Macon Court
Herald Drive
Crewe
Cheshire
CW1 6EA

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, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover 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. This is usually on delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Radwag UK Limited (Registered number: 11844114)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 675 498 9,845 2,641 13,659
DEPRECIATION
At 1 January 2023 363 215 4,773 2,497 7,848
Charge for year 62 42 1,268 144 1,516
At 31 December 2023 425 257 6,041 2,641 9,364
NET BOOK VALUE
At 31 December 2023 250 241 3,804 - 4,295
At 31 December 2022 312 283 5,072 144 5,811


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 100,648 7,114
Other debtors 3,191 3,125
103,839 10,239

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 61,593 23,333
Taxation and social security 15,295 1,137
Other creditors 64,390 64,305
141,278 88,775

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 10,147 17,877
Between one and five years - 9,751
10,147 27,628