IRIS Accounts Production v24.2.0.383 11650822 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116508222023-01-31116508222024-01-31116508222023-02-012024-01-31116508222022-01-31116508222022-02-012023-01-31116508222023-01-3111650822ns15:EnglandWales2023-02-012024-01-3111650822ns14:PoundSterling2023-02-012024-01-3111650822ns10:Director12023-02-012024-01-3111650822ns10:Director22023-02-012024-01-3111650822ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111650822ns10:SmallEntities2023-02-012024-01-3111650822ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111650822ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111650822ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111650822ns10:FullAccounts2023-02-012024-01-3111650822ns10:OrdinaryShareClass12023-02-012024-01-3111650822ns10:OrdinaryShareClass22023-02-012024-01-3111650822ns10:OrdinaryShareClass32023-02-012024-01-3111650822ns10:RegisteredOffice2023-02-012024-01-3111650822ns5:CurrentFinancialInstruments2024-01-3111650822ns5:CurrentFinancialInstruments2023-01-3111650822ns5:Non-currentFinancialInstruments2024-01-3111650822ns5:Non-currentFinancialInstruments2023-01-3111650822ns5:ShareCapital2024-01-3111650822ns5:ShareCapital2023-01-3111650822ns5:RetainedEarningsAccumulatedLosses2024-01-3111650822ns5:RetainedEarningsAccumulatedLosses2023-01-3111650822ns5:PlantMachinery2023-02-012024-01-3111650822ns5:LandBuildings2023-01-3111650822ns5:PlantMachinery2023-01-3111650822ns5:LandBuildings2023-02-012024-01-3111650822ns5:LandBuildings2024-01-3111650822ns5:PlantMachinery2024-01-3111650822ns5:LandBuildings2023-01-3111650822ns5:PlantMachinery2023-01-3111650822ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111650822ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111650822ns10:OrdinaryShareClass12024-01-3111650822ns10:OrdinaryShareClass22024-01-3111650822ns10:OrdinaryShareClass32024-01-31
REGISTERED NUMBER: 11650822 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

R&D COMMERCIAL LIMITED

R&D COMMERCIAL LIMITED (REGISTERED NUMBER: 11650822)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R&D COMMERCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs M Jones
J Jones





REGISTERED OFFICE: Drinnick
St Georges Road
Nanpean
St. Austell
Cornwall
PL26 7XR





REGISTERED NUMBER: 11650822 (England and Wales)





ACCOUNTANTS: Hawthorn Carter
6 Penpol Road
Hayle
Cornwall
TR27 4AD

R&D COMMERCIAL LIMITED (REGISTERED NUMBER: 11650822)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 278,113 286,473

CURRENT ASSETS
Debtors 5 188,905 142,010
Cash at bank and in hand 12,481 9,965
201,386 151,975
CREDITORS
Amounts falling due within one year 6 239,227 240,065
NET CURRENT LIABILITIES (37,841 ) (88,090 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,272

198,383

CREDITORS
Amounts falling due after more than one
year

7

(160,786

)

(164,768

)

PROVISIONS FOR LIABILITIES (11,878 ) -
NET ASSETS 67,608 33,615

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 67,506 33,513
SHAREHOLDERS' FUNDS 67,608 33,615

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

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

R&D COMMERCIAL LIMITED (REGISTERED NUMBER: 11650822)

BALANCE SHEET - continued
31 JANUARY 2024


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 31 October 2024 and were signed on its behalf by:




J Jones - Director



Mrs M Jones - Director


R&D COMMERCIAL LIMITED (REGISTERED NUMBER: 11650822)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

R&D Commercial 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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.

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.

Going concern
The company has net current liabilities and is reliant upon the continued support of its directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

R&D COMMERCIAL LIMITED (REGISTERED NUMBER: 11650822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 February 2023 215,600 131,435 347,035
Additions - 2,672 2,672
At 31 January 2024 215,600 134,107 349,707
DEPRECIATION
At 1 February 2023 - 60,562 60,562
Charge for year - 11,032 11,032
At 31 January 2024 - 71,594 71,594
NET BOOK VALUE
At 31 January 2024 215,600 62,513 278,113
At 31 January 2023 215,600 70,873 286,473

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 6,230 5,682
Intercompany loan account 182,675 136,328
188,905 142,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 21,200 32,908
Tax 1,947 -
Directors' current accounts 214,082 204,657
Accrued expenses 1,998 2,500
239,227 240,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans over 1 year 160,786 164,768

R&D COMMERCIAL LIMITED (REGISTERED NUMBER: 11650822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
102 102