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REGISTERED NUMBER: 13173144 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

RD LABS LTD

RD LABS LTD (REGISTERED NUMBER: 13173144)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RD LABS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A Bhatti
Mr J S Goulstine





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 13173144 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

RD LABS LTD (REGISTERED NUMBER: 13173144)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 4 - 99,492
Debtors 5 277,901 36,642
Cash at bank 140,743 639,270
418,644 775,404
CREDITORS
Amounts falling due within one year 6 417,688 775,302
NET CURRENT ASSETS 956 102
TOTAL ASSETS LESS CURRENT
LIABILITIES

956

102

CAPITAL AND RESERVES
Called up share capital 7 101 101
Retained earnings 8 855 1
SHAREHOLDERS' FUNDS 956 102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 3 September 2024 and were signed on its behalf by:





Mr J S Goulstine - Director


RD LABS LTD (REGISTERED NUMBER: 13173144)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

RD Labs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 (2023 - 2 ) .

4. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress - 99,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 73,401 36,642
Amounts owed by group undertakings 199,500 -
Other debtors 5,000 -
277,901 36,642

RD LABS LTD (REGISTERED NUMBER: 13173144)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 143,460 101,244
Tax 28 114,179
VAT 161 1,561
Other creditors 13,094 488,673
Accruals and deferred income 260,945 69,645
417,688 775,302

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
101 Ordinary £1 101 101

8. RESERVES
Retained
earnings
£   

At 1 April 2023 1
Profit for the year 854
At 31 March 2024 855

9. RELATED PARTY DISCLOSURES

As on balance sheet date the company owe an amount of £199,500 (2023: Nil) from Trison Group Ltd