Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03479988 2023-04-01 2024-03-31 03479988 2022-04-01 2023-03-31 03479988 2024-03-31 03479988 2023-03-31 03479988 c:CompanySecretary1 2023-04-01 2024-03-31 03479988 c:Director1 2023-04-01 2024-03-31 03479988 c:RegisteredOffice 2023-04-01 2024-03-31 03479988 d:PlantMachinery 2023-04-01 2024-03-31 03479988 d:MotorVehicles 2023-04-01 2024-03-31 03479988 d:OfficeEquipment 2023-04-01 2024-03-31 03479988 d:ComputerEquipment 2023-04-01 2024-03-31 03479988 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 03479988 d:OtherPropertyPlantEquipment 2024-03-31 03479988 d:OtherPropertyPlantEquipment 2023-03-31 03479988 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03479988 d:Goodwill 2024-03-31 03479988 d:Goodwill 2023-03-31 03479988 d:CurrentFinancialInstruments 2024-03-31 03479988 d:CurrentFinancialInstruments 2023-03-31 03479988 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03479988 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03479988 d:ShareCapital 2024-03-31 03479988 d:ShareCapital 2023-03-31 03479988 d:RetainedEarningsAccumulatedLosses 2024-03-31 03479988 d:RetainedEarningsAccumulatedLosses 2023-03-31 03479988 c:FRS102 2023-04-01 2024-03-31 03479988 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03479988 c:FullAccounts 2023-04-01 2024-03-31 03479988 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03479988 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 03479988







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


RADSNAPS LIMITED






































                        

 


RADSNAPS LIMITED
 


 
COMPANY INFORMATION


Director
F B S Moore 




Company secretary
F B S Moore



Registered number
03479988



Registered office
Unit 3 Princes Works
Princes Road

Teddington

TW11 0RW




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


RADSNAPS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


RADSNAPS LIMITED
REGISTERED NUMBER:03479988



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
498
5,007

  
498
5,007

Current assets
  

Stocks
  
63,534
96,349

Debtors: amounts falling due within one year
 6 
35,640
66,562

Cash at bank and in hand
  
347,605
304,222

  
446,779
467,133

Creditors: amounts falling due within one year
 7 
(38,842)
(60,881)

Net current assets
  
 
 
407,937
 
 
406,252

Total assets less current liabilities
  
408,435
411,259

  

Net assets
  
408,435
411,259


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
408,335
411,159

  
408,435
411,259


The director considers 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 director acknowledges her 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 statement of income and retained earnings 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 by: 


F B S Moore
Director

Date: 1 November 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 


RADSNAPS LIMITED
REGISTERED NUMBER:03479988


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


Page 2

 


RADSNAPS LIMITED
 


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

1.


General information

Radsnaps Limited is a company limited by shares incorporated in England and Wales. The address of the registered office is provided in the company information page of these financial statements. The principal place of business is 63 Fairfax Road, Teddington, Middlesex, TW11 9DA.
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

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.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Taxation

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 reporting date in the countries where the company operates and generates income.

Page 3

 


RADSNAPS LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% on reducing balance
Motor vehicles
-
25% on reducing balance
Office equipment
-
20% on reducing balance
Computer equipment
-
20% on reducing balance

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

Page 4

 


RADSNAPS LIMITED
 


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

3.


Employees

2024
2023
£
£

Wages and salaries
10,706
10,685

Social security costs
1,727
1,640

Cost of defined contribution scheme
-
20,000

12,433
32,325


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


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
100,000



At 31 March 2024

100,000



Amortisation


At 1 April 2023
100,000



At 31 March 2024

100,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 5

 


RADSNAPS LIMITED
 


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

5.


Tangible fixed assets





Plant and machinery etc.

£



Cost or valuation


At 1 April 2023
47,973


Disposals
(33,775)



At 31 March 2024

14,198



Depreciation


At 1 April 2023
42,966


Charge for the year on owned assets
123


Disposals
(29,389)



At 31 March 2024

13,700



Net book value



At 31 March 2024
498



At 31 March 2023
5,007


6.


Debtors

2024
2023
£
£


Trade debtors
29,391
60,209

Prepayments and accrued income
6,249
6,353

35,640
66,562


Page 6

 


RADSNAPS LIMITED
 


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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,051
3,317

Corporation tax
21,099
8,366

Other taxation and social security
9,246
11,566

Other creditors
2,200
33,632

Accruals and deferred income
5,246
4,000

38,842
60,881


Other creditors includes a balance of £1,965 due to the director which is interest free and repayable on demand.

 
Page 7