IRIS Accounts Production v24.2.0.383 05180495 director 1.10.22 30.9.23 30.9.23 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051804952022-09-30051804952023-09-30051804952022-10-012023-09-30051804952021-09-30051804952021-10-012022-09-30051804952022-09-3005180495ns15:EnglandWales2022-10-012023-09-3005180495ns14:PoundSterling2022-10-012023-09-3005180495ns10:Director12022-10-012023-09-3005180495ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3005180495ns10:SmallEntities2022-10-012023-09-3005180495ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3005180495ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3005180495ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3005180495ns10:FullAccounts2022-10-012023-09-300518049512022-10-012023-09-3005180495ns10:RegisteredOffice2022-10-012023-09-3005180495ns5:CurrentFinancialInstruments2023-09-3005180495ns5:CurrentFinancialInstruments2022-09-3005180495ns5:Non-currentFinancialInstruments2023-09-3005180495ns5:Non-currentFinancialInstruments2022-09-3005180495ns5:ShareCapital2023-09-3005180495ns5:ShareCapital2022-09-3005180495ns5:RetainedEarningsAccumulatedLosses2023-09-3005180495ns5:RetainedEarningsAccumulatedLosses2022-09-3005180495ns5:NetGoodwill2022-10-012023-09-3005180495ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3005180495ns5:PlantMachinery2022-10-012023-09-3005180495ns5:ComputerEquipment2022-10-012023-09-3005180495ns5:NetGoodwill2022-09-3005180495ns5:NetGoodwill2023-09-3005180495ns5:NetGoodwill2022-09-3005180495ns5:PlantMachinery2022-09-3005180495ns5:ComputerEquipment2022-09-3005180495ns5:PlantMachinery2023-09-3005180495ns5:ComputerEquipment2023-09-3005180495ns5:PlantMachinery2022-09-3005180495ns5:ComputerEquipment2022-09-3005180495ns5:CostValuation2022-09-3005180495ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3005180495ns5:WithinOneYearns5:CurrentFinancialInstruments2022-09-3005180495ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-09-3005180495ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-09-3005180495ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-09-3005180495ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-09-3005180495ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3005180495ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-09-30
REGISTERED NUMBER: 05180495 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

RODNEY TODD-WHITE & SON LIMITED

RODNEY TODD-WHITE & SON LIMITED (REGISTERED NUMBER: 05180495)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RODNEY TODD-WHITE & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: H A D Paterson





REGISTERED OFFICE: 3 Church Street
Odiham
Hook
Hampshire
RG29 1LU





REGISTERED NUMBER: 05180495 (England and Wales)





ACCOUNTANTS: Goddard & Co
Chartered Accountants
3 Church Street
Odiham, Hook
Hampshire
RG29 1LU

RODNEY TODD-WHITE & SON LIMITED (REGISTERED NUMBER: 05180495)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 105,301 116,386
Tangible assets 5 6,236 7,378
Investments 6 40,000 40,000
151,537 163,764

CURRENT ASSETS
Stocks 7 70,450 109,910
Debtors 8 73,790 47,681
144,240 157,591
CREDITORS
Amounts falling due within one year 9 210,650 233,738
NET CURRENT LIABILITIES (66,410 ) (76,147 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,127

87,617

CREDITORS
Amounts falling due after more than one year 10 34,898 39,618
NET ASSETS 50,229 47,999

CAPITAL AND RESERVES
Called up share capital 75,100 75,100
Retained earnings (24,871 ) (27,101 )
SHAREHOLDERS' FUNDS 50,229 47,999

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

RODNEY TODD-WHITE & SON LIMITED (REGISTERED NUMBER: 05180495)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 6 September 2024 and were signed by:





H A D Paterson - Director


RODNEY TODD-WHITE & SON LIMITED (REGISTERED NUMBER: 05180495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Rodney Todd-White & Son Limited 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.

The company has adopted Financial Reporting Standard 102 section 1A with the effective date of transition being 1st April 2015. The policies applied under the entity's previous accounting framework are not materially different to FRS102 and have not impacted on equity or profit or loss.

Turnover
Turnover represents net invoices sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

RODNEY TODD-WHITE & SON LIMITED (REGISTERED NUMBER: 05180495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 221,691
AMORTISATION
At 1 October 2022 105,305
Charge for year 11,085
At 30 September 2023 116,390
NET BOOK VALUE
At 30 September 2023 105,301
At 30 September 2022 116,386

5. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 17,700 4,575 22,275
DEPRECIATION
At 1 October 2022 10,518 4,379 14,897
Charge for year 1,077 65 1,142
At 30 September 2023 11,595 4,444 16,039
NET BOOK VALUE
At 30 September 2023 6,105 131 6,236
At 30 September 2022 7,182 196 7,378

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 40,000
NET BOOK VALUE
At 30 September 2023 40,000
At 30 September 2022 40,000

RODNEY TODD-WHITE & SON LIMITED (REGISTERED NUMBER: 05180495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. STOCKS
2023 2022
£    £   
Stocks 54,000 90,000
Work-in-progress 16,450 19,910
70,450 109,910

8. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 40,814 15,562
Other debtors 25,926 25,069
66,740 40,631

Amounts falling due after more than one year:
Other debtors 7,050 7,050

Aggregate amounts 73,790 47,681

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 11) 31,009 43,526
Finance leases - 724
Trade creditors 11,206 3,991
Taxation and social security 106,365 109,771
Other creditors 62,070 75,726
210,650 233,738

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 11) 34,898 39,618

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,567 20,279

RODNEY TODD-WHITE & SON LIMITED (REGISTERED NUMBER: 05180495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

11. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 26,546 23,535
Bank loans 4,463 4,215
Funding Circle less than 1 yr - 15,776
31,009 43,526

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,711 4,463

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,620 14,876

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,567 20,279

Barclays Bank PLC holds a fixed and floating charge. The floating charge covers all the property or undertaking of the company.