Registered number
05596034
R.D.C. London Ltd
Filleted Accounts
30 November 2023
R.D.C. London Ltd
Registered number: 05596034
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 209,821 215,272
Current assets
Stocks 47,550 160,550
Debtors 4 175,990 76,828
Cash at bank and in hand 377 954
223,917 238,332
Creditors: amounts falling due within one year 5 (174,428) (208,343)
Net current assets 49,489 29,989
Total assets less current liabilities 259,310 245,261
Creditors: amounts falling due after more than one year 6 (101,557) (123,545)
Net assets 157,753 121,716
Capital and reserves
Called up share capital 100 100
Profit and loss account 157,653 121,616
Shareholders' funds 157,753 121,716
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.
Mr Javaid Akhtar
Director
Approved by the board on 14 August 2024
R.D.C. London Ltd
Notes to the Accounts
for the year ended 30 November 2023
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 . Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 126,531 282,395 15,436 424,362
Additions - 3,802 - 3,802
At 30 November 2023 126,531 286,197 15,436 428,164
Depreciation
At 1 December 2022 - 199,561 9,529 209,090
Charge for the year - 8,663 590 9,253
At 30 November 2023 - 208,224 10,119 218,343
Net book value
At 30 November 2023 126,531 77,973 5,317 209,821
At 30 November 2022 126,531 82,834 5,907 215,272
4 Debtors 2023 2022
£ £
Trade debtors 2,500 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 114,763 68,965
Other debtors 58,727 7,863
175,990 76,828
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 70,533 64,475
Trade creditors 32,582 20,422
Director's account 718 169
Accruals 4,500 4,000
Taxation and social security costs 60,947 109,934
Pension Payable 550 -
Other creditors 4,598 9,343
174,428 208,343
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 86,177 114,854
Amounts owed to group undertakings and undertakings in which the company has a participating interest 15,380 8,691
101,557 123,545
7 Other information
R.D.C. London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Wangey Road
Chadwell Heath
Romford
RM6 4DD
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