Registered number
10394166
RDB Heating-Cooling Services Ltd
Filleted Accounts
31 March 2024
RDB Heating-Cooling Services Ltd
Registered number: 10394166
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,879 18,506
Current assets
Debtors 4 59,583 93,309
Cash at bank and in hand 109,002 40,659
168,585 133,968
Creditors: amounts falling due within one year 5 (135,731) (125,934)
Net current assets 32,854 8,034
Total assets less current liabilities 46,733 26,540
Creditors: amounts falling due after more than one year 6 (10,732) (15,332)
Net assets 36,001 11,208
Capital and reserves
Called up share capital 100 100
Profit and loss account 35,901 11,108
Shareholder's funds 36,001 11,208
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
_______________________________
Richard Brown
Director
Approved by the board on 26 November 2024
RDB Heating-Cooling Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 2,450 24,165 26,615
At 31 March 2024 2,450 24,165 26,615
Depreciation
At 1 April 2023 2,068 6,041 8,109
Charge for the year 96 4,531 4,627
At 31 March 2024 2,164 10,572 12,736
Net book value
At 31 March 2024 286 13,593 13,879
At 31 March 2023 382 18,124 18,506
4 Debtors 2024 2023
£ £
Trade debtors 59,583 89,608
Other debtors - 3,701
59,583 93,309
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 4,600 4,600
Trade creditors 9,438 12,174
Corporation tax 23,583 12,105
VAT 2,644 -
PAYE 2,425 4,157
Directors loan 92,941 92,798
Accruals 100 100
135,731 125,934
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 10,732 15,332
7 Other information
RDB Heating-Cooling Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
6 Canesworde Road
Dunstable
Beds
LU6 3JJ
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