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COMPANY REGISTRATION NUMBER: 10353663
R & D Developments (Bicester) Ltd
Filleted Unaudited Financial Statements
31 January 2024
R & D Developments (Bicester) Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
5,234
6,979
Current assets
Debtors
5
115,716
105,749
Cash at bank and in hand
7,686
10,140
---------
---------
123,402
115,889
Creditors: amounts falling due within one year
6
64,489
72,863
---------
---------
Net current assets
58,913
43,026
--------
--------
Total assets less current liabilities
64,147
50,005
--------
--------
Net assets
64,147
50,005
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
64,047
49,905
--------
--------
Shareholders funds
64,147
50,005
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 November 2024 , and are signed on behalf of the board by:
Mr R Oliver
Director
Company registration number: 10353663
R & D Developments (Bicester) Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Equipment
-
25% reducing balance
4. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 February 2023 and 31 January 2024
19,900
661
20,561
--------
----
--------
Depreciation
At 1 February 2023
13,130
452
13,582
Charge for the year
1,693
52
1,745
--------
----
--------
At 31 January 2024
14,823
504
15,327
--------
----
--------
Carrying amount
At 31 January 2024
5,077
157
5,234
--------
----
--------
At 31 January 2023
6,770
209
6,979
--------
----
--------
5. Debtors
2024
2023
£
£
Trade debtors
86,007
86,677
Other debtors
29,709
19,072
---------
---------
115,716
105,749
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
13,580
26,419
Corporation tax
9,448
5,588
Social security and other taxes
280
1,040
Other creditors
41,181
39,816
--------
--------
64,489
72,863
--------
--------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr R Oliver
----
----
----
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr R Oliver
211
( 211)
----
----
----