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REGISTERED NUMBER: 09365897 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

R & D SHERIDAN LIMITED

R & D SHERIDAN LIMITED (REGISTERED NUMBER: 09365897)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


R & D SHERIDAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: R Sheridan





REGISTERED OFFICE: 6 Bentley Mount
Leeds
West Yorkshire
LS6 4AU





REGISTERED NUMBER: 09365897 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

R & D SHERIDAN LIMITED (REGISTERED NUMBER: 09365897)

BALANCE SHEET
31ST DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,250 2,500
Tangible assets 5 5,538 7,345
6,788 9,845

CURRENT ASSETS
Stocks 9,880 18,150
Debtors 6 22,709 57,533
Cash at bank 829 19,848
33,418 95,531
CREDITORS
Amounts falling due within one year 7 (19,295 ) (47,852 )
NET CURRENT ASSETS 14,123 47,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,911

57,524

CREDITORS
Amounts falling due after more than one
year

8

(23,528

)

(37,059

)

PROVISIONS FOR LIABILITIES (1,052 ) (1,396 )
NET (LIABILITIES)/ASSETS (3,669 ) 19,069

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,769 ) 18,969
SHAREHOLDERS' FUNDS (3,669 ) 19,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

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

R & D SHERIDAN LIMITED (REGISTERED NUMBER: 09365897)

BALANCE SHEET - continued
31ST DECEMBER 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 7th September 2024 and were signed by:





R Sheridan - Director


R & D SHERIDAN LIMITED (REGISTERED NUMBER: 09365897)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

R & D Sheridan 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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.

R & D SHERIDAN LIMITED (REGISTERED NUMBER: 09365897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 10,000
AMORTISATION
At 1st January 2023 7,500
Charge for year 1,250
At 31st December 2023 8,750
NET BOOK VALUE
At 31st December 2023 1,250
At 31st December 2022 2,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 18,553
DEPRECIATION
At 1st January 2023 11,208
Charge for year 1,807
At 31st December 2023 13,015
NET BOOK VALUE
At 31st December 2023 5,538
At 31st December 2022 7,345

R & D SHERIDAN LIMITED (REGISTERED NUMBER: 09365897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 15,995
DEPRECIATION
At 1st January 2023 9,247
Charge for year 1,687
At 31st December 2023 10,934
NET BOOK VALUE
At 31st December 2023 5,061
At 31st December 2022 6,748

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 7,304 28,692
Other debtors 15,405 28,841
22,709 57,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 6,921 -
Hire purchase contracts 2,356 6,213
Trade creditors 10,890 24,095
Taxation and social security (6,606 ) 13,924
Other creditors 5,734 3,620
19,295 47,852

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 23,528 37,059

R & D SHERIDAN LIMITED (REGISTERED NUMBER: 09365897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

31/12/23 31/12/22
£    £   
R Sheridan
Balance outstanding at start of year 19,401 40,767
Amounts advanced 12,538 19,401
Amounts repaid (19,401 ) (40,767 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,538 19,401