Company Registration No. 09861663 (England and Wales)
RDC SAFETY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
RDC SAFETY LIMITED
COMPANY INFORMATION
Director
Mr Richard Curry
Secretary
Mrs Anne Curry
Company number
09861663
Registered office
14 Rowan Close
Shrewsbury
Shropshire
SY1 2BT
Accountants
James Holyoak & Parker Limited
1 Knights Court
Archers Way
Battlefield Enterprise Park
Shrewsbury
SY1 3GA
RDC SAFETY LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,522
29,167
Current assets
Debtors
4
2,639
5,983
Cash at bank and in hand
14,662
13,423
17,301
19,406
Creditors: amounts falling due within one year
5
(22,485)
(25,370)
Net current liabilities
(5,184)
(5,964)
Total assets less current liabilities
17,338
23,203
Creditors: amounts falling due after more than one year
6
(14,920)
(19,177)
Provisions for liabilities
(4,279)
(5,542)
Net liabilities
(1,861)
(1,516)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(1,961)
(1,616)
Total equity
(1,861)
(1,516)
RDC SAFETY LIMITED
BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 23 August 2024
Mr Richard Curry
Director
Company registration number 09861663 (England and Wales)
RDC SAFETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information
RDC Safety Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 Rowan Close, Shrewsbury, Shropshire, SY1 2BT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
20% reducing balance
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
RDC SAFETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 August 2023
3,360
33,522
36,882
Additions
666
666
At 31 July 2024
4,026
33,522
37,548
Depreciation and impairment
At 1 August 2023
1,095
6,620
7,715
Depreciation charged in the year
586
6,725
7,311
At 31 July 2024
1,681
13,345
15,026
Carrying amount
At 31 July 2024
2,345
20,177
22,522
At 31 July 2023
2,265
26,902
29,167
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,639
5,983
5
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
4,257
4,257
Trade creditors
694
1,791
Taxation and social security
1,123
980
Other creditors
15,361
17,292
Accruals and deferred income
1,050
1,050
22,485
25,370
RDC SAFETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
14,920
19,177
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100