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REGISTERED NUMBER: 13009616 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

RDD-AC Ltd

RDD-AC Ltd (Registered number: 13009616)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RDD-AC Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: R Devitt
A J Christoforou
E L Jones





SECRETARY:





REGISTERED OFFICE: 29 Oxford Road
Bodicote
Banbury
Oxfordshire
OX15 4AB





REGISTERED NUMBER: 13009616 (England and Wales)





ACCOUNTANTS: PennyBooks Limited
Unit 111, The Light Bulb
1 Filament Walk
London
SW18 4GQ

RDD-AC Ltd (Registered number: 13009616)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,833 57,474

CURRENT ASSETS
Debtors 5 12,324 1,000
Cash at bank 6,966 12,643
19,290 13,643
CREDITORS
Amounts falling due within one year 6 171,961 78,445
NET CURRENT LIABILITIES (152,671 ) (64,802 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(49,838

)

(7,328

)

CREDITORS
Amounts falling due after more than one
year

7

174,956

50,899
NET LIABILITIES (224,794 ) (58,227 )

CAPITAL AND RESERVES
Called up share capital 120 90
Share premium 8,220 7,470
Retained earnings (233,134 ) (65,787 )
(224,794 ) (58,227 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RDD-AC Ltd (Registered number: 13009616)

Balance Sheet - continued
30 November 2023


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 Board of Directors and authorised for issue on 20 May 2024 and were signed on its behalf by:





R Devitt - Director


RDD-AC Ltd (Registered number: 13009616)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

RDD-AC Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

RDD-AC Ltd (Registered number: 13009616)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 76,632
Additions 86,023
At 30 November 2023 162,655
DEPRECIATION
At 1 December 2022 19,158
Charge for year 40,664
At 30 November 2023 59,822
NET BOOK VALUE
At 30 November 2023 102,833
At 30 November 2022 57,474

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022 67,825
Additions 72,035
At 30 November 2023 139,860
DEPRECIATION
At 1 December 2022 16,956
Charge for year 34,965
At 30 November 2023 51,921
NET BOOK VALUE
At 30 November 2023 87,939
At 30 November 2022 50,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 585 -
Other debtors 11,739 1,000
12,324 1,000

RDD-AC Ltd (Registered number: 13009616)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 8) 23,994 13,278
Trade creditors 16,572 4,174
Taxation and social security - 1,053
Other creditors 131,395 59,940
171,961 78,445

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 8) 74,956 50,899
Other creditors 100,000 -
174,956 50,899

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.11.23 30.11.22
£    £   
Net obligations repayable:
Within one year 23,994 13,278
Between one and five years 74,956 50,899
98,950 64,177

Non-cancellable operating leases
30.11.23 30.11.22
£    £   
Within one year 32,321 30,355
Between one and five years 88,027 118,383
120,348 148,738

RDD-AC Ltd (Registered number: 13009616)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
A J Christoforou
Balance outstanding at start of year (29,970 ) (29,970 )
Amounts advanced (2,750 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (32,720 ) (29,970 )

R Devitt
Balance outstanding at start of year (29,970 ) (29,970 )
Amounts advanced (66,250 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (96,220 ) (29,970 )

E L Jones
Balance outstanding at start of year - -
Amounts advanced (2,455 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,455 ) -

10. ULTIMATE CONTROLLING PARTY

Richard David DEVITT

Andrew James CHRISTOFOROU

Elton Lloyd JONES