Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29true2023-03-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06121113 2023-03-01 2024-02-29 06121113 2022-03-01 2023-02-28 06121113 2024-02-29 06121113 2023-02-28 06121113 c:Director1 2023-03-01 2024-02-29 06121113 d:MotorVehicles 2023-03-01 2024-02-29 06121113 d:MotorVehicles 2024-02-29 06121113 d:MotorVehicles 2023-02-28 06121113 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 06121113 d:FurnitureFittings 2023-03-01 2024-02-29 06121113 d:FurnitureFittings 2024-02-29 06121113 d:FurnitureFittings 2023-02-28 06121113 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 06121113 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 06121113 d:CurrentFinancialInstruments 2024-02-29 06121113 d:CurrentFinancialInstruments 2023-02-28 06121113 d:Non-currentFinancialInstruments 2024-02-29 06121113 d:Non-currentFinancialInstruments 2023-02-28 06121113 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 06121113 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 06121113 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 06121113 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 06121113 d:ShareCapital 2024-02-29 06121113 d:ShareCapital 2023-02-28 06121113 d:RetainedEarningsAccumulatedLosses 2024-02-29 06121113 d:RetainedEarningsAccumulatedLosses 2023-02-28 06121113 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 06121113 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 06121113 c:FRS102 2023-03-01 2024-02-29 06121113 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 06121113 c:FullAccounts 2023-03-01 2024-02-29 06121113 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06121113 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 06121113









RDC DESIGN LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
RDC DESIGN LIMITED
REGISTERED NUMBER: 06121113

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,822
4,019

  
2,822
4,019

Current assets
  

Debtors: amounts falling due within one year
 5 
78,721
74,219

Cash at bank and in hand
  
43,519
12,510

  
122,240
86,729

Creditors: amounts falling due within one year
 6 
(54,126)
(29,571)

Net current assets
  
 
 
68,114
 
 
57,158

Total assets less current liabilities
  
70,936
61,177

Creditors: amounts falling due after more than one year
 7 
(14,556)
(17,077)

Provisions for liabilities
  

Deferred tax
 8 
(705)
(1,005)

  
 
 
(705)
 
 
(1,005)

Net assets
  
55,675
43,095


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
55,575
42,995

  
55,675
43,095

Page 1

 
RDC DESIGN LIMITED
REGISTERED NUMBER: 06121113

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 November 2024.




................................................
Mr R D Craft
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
RDC DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

RDC Design Limited is a private company, limited by shares, incorporated in England & Wales, with company registration number 06121113. The registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, NR7 0HR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they adopt a going concern basis of accounting in preparing the financial statements. The directors have considered a period of 12 months from the balance sheet date.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
RDC DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
4 years straight line basis
Office equipment
-
4 years straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
RDC DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
RDC DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Motor vehicles
Office equipment
Total

£
£
£



Cost


At 1 March 2023
3,334
5,369
8,703



At 29 February 2024

3,334
5,369
8,703



Depreciation


At 1 March 2023
208
4,475
4,683


Charge for the year on owned assets
833
365
1,198



At 29 February 2024

1,041
4,840
5,881



Net book value



At 29 February 2024
2,293
529
2,822



At 28 February 2023
3,126
893
4,019


5.


Debtors

2024
2023
£
£


Trade debtors
-
9,420

Amounts owed by associated companies
50,000
25,000

Other debtors
19,121
33,779

Prepayments and accrued income
9,600
6,020

78,721
74,219


Page 6

 
RDC DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,521
2,459

Trade creditors
2,210
1,350

Corporation tax
35,357
15,221

Other taxation and social security
11,255
9,091

Other creditors
1,283
-

Accruals and deferred income
1,500
1,450

54,126
29,571



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
14,556
17,077


Page 7

 
RDC DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Deferred taxation






2024


£






At beginning of year
(1,005)


Charged to profit or loss
300



At end of year
(705)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(705)
(1,005)


9.


Transactions with directors

During the year, the directors operated a loan account. As at 1 March 2023, the loan was in a debit balance of £33,779. During the year, directors withdrew funds totalling £89,552, introduced funds totalling £42,209 and declared dividends of £62,000, leaving a debit balance of £19,122 as at 29 February 2024.
The loan was unsecured, interest free and repayable on demand.


Page 8