Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06454521 Mr Christian Dickinson Mr Richard Dickinson Mr Richard Dickinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06454521 2022-12-31 06454521 2023-12-31 06454521 2023-01-01 2023-12-31 06454521 frs-core:CurrentFinancialInstruments 2023-12-31 06454521 frs-core:ComputerEquipment 2023-12-31 06454521 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06454521 frs-core:ComputerEquipment 2022-12-31 06454521 frs-core:NetGoodwill 2023-12-31 06454521 frs-core:NetGoodwill 2023-01-01 2023-12-31 06454521 frs-core:NetGoodwill 2022-12-31 06454521 frs-core:MotorVehicles 2023-12-31 06454521 frs-core:MotorVehicles 2023-01-01 2023-12-31 06454521 frs-core:MotorVehicles 2022-12-31 06454521 frs-core:OtherResidualIntangibleAssets 2023-12-31 06454521 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 06454521 frs-core:OtherResidualIntangibleAssets 2022-12-31 06454521 frs-core:ShareCapital 2023-12-31 06454521 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06454521 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06454521 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06454521 frs-bus:SmallEntities 2023-01-01 2023-12-31 06454521 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06454521 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06454521 frs-bus:Director1 2023-01-01 2023-12-31 06454521 frs-bus:Director2 2023-01-01 2023-12-31 06454521 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06454521 1 2023-01-01 2023-12-31 06454521 frs-core:CurrentFinancialInstruments 2 2023-12-31 06454521 frs-countries:EnglandWales 2023-01-01 2023-12-31 06454521 2021-12-31 06454521 2022-12-31 06454521 2022-01-01 2022-12-31 06454521 frs-core:CurrentFinancialInstruments 2022-12-31 06454521 frs-core:ShareCapital 2022-12-31 06454521 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 06454521 1 2022-01-01 2022-12-31 06454521 frs-core:CurrentFinancialInstruments 1 2022-12-31 06454521 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 06454521
RDG Tools Online Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Accountancy Extra
33 Harrison Road
Halifax
HX1 2AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06454521
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,223 1,712
Tangible Assets 5 55,950 826
57,173 2,538
CURRENT ASSETS
Stocks 6 417,856 325,000
Debtors 7 959 2,221
Cash at bank and in hand 177,857 204,846
596,672 532,067
Creditors: Amounts Falling Due Within One Year 8 (442,015 ) (281,996 )
NET CURRENT ASSETS (LIABILITIES) 154,657 250,071
TOTAL ASSETS LESS CURRENT LIABILITIES 211,830 252,609
NET ASSETS 211,830 252,609
CAPITAL AND RESERVES
Called up share capital 3 3
Profit and Loss Account 211,827 252,606
SHAREHOLDERS' FUNDS 211,830 252,609
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Dickinson
Director
24/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
RDG Tools Online Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06454521 . The registered office is 33 Harrison Road, Halifax, West Yorkshire, HX1 2AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services.Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is being written off in equal annual installments over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% straight line
Computer Equipment 20% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
8 8
8 8
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2023 - 73,956 73,956
As at 31 December 2023 - 73,956 73,956
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 January 2023 - 72,244 72,244
Provided during the period 489 - 489
As at 31 December 2023 489 72,244 72,733
Net Book Value
As at 31 December 2023 (489 ) 1,712 1,223
As at 1 January 2023 - 1,712 1,712
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 12,520 71,569 84,089
Additions 58,950 302 59,252
As at 31 December 2023 71,470 71,871 143,341
Depreciation
As at 1 January 2023 12,520 70,743 83,263
Provided during the period 3,684 444 4,128
As at 31 December 2023 16,204 71,187 87,391
Net Book Value
As at 31 December 2023 55,266 684 55,950
As at 1 January 2023 - 826 826
6. Stocks
2023 2022
£ £
Stock 417,856 -
Finished goods - 325,000
417,856 325,000
7. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 959 2,221
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 119,027 48,570
Bank loans and overdrafts 2,527 -
Corporation tax 131,850 109,032
Other taxes and social security 7,580 21,921
Myford Loan 53,949 33,949
Pension Payable - 951
Paypal 34,708 -
Accruals and deferred income 8,955 6,042
Directors' loan accounts 83,419 61,531
442,015 281,996
Page 5