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RDA RESTAURANTS LIMITED

Registered Number
04002058
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

RDA RESTAURANTS LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

MASON, Robert

Company Secretary

MASON, Robert

Registered Address

Quite Simply French
27a St Georges Quay
Lancaster
LA1 1RD

Registered Number

04002058 (England and Wales)
RDA RESTAURANTS LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets5685,083716,557
685,083716,557
Current assets
Stocks624,63921,130
Debtors9,09014,785
Cash at bank and on hand132,827118,590
166,556154,505
Creditors amounts falling due within one year7(270,776)(223,430)
Net current assets (liabilities)(104,220)(68,925)
Total assets less current liabilities580,863647,632
Creditors amounts falling due after one year8(468,627)(505,783)
Provisions for liabilities9(13,585)(19,565)
Net assets98,651122,284
Capital and reserves
Called up share capital33
Profit and loss account98,648122,281
Shareholders' funds98,651122,284
The financial statements were approved and authorised for issue by the Director on 18 December 2024, and are signed on its behalf by:
MASON, Robert
Director
Registered Company No. 04002058
RDA RESTAURANTS LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other 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.
2.Average number of employees

20242023
Average number of employees during the year2020
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 June 2340,00040,000
At 31 May 2440,00040,000
Amortisation and impairment
At 01 June 2340,00040,000
At 31 May 2440,00040,000
Net book value
At 31 May 24--
At 31 May 23--
5.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 June 23663,431421,4213,3001,088,152
Additions-11,9274,33516,262
At 31 May 24663,431433,3487,6351,104,414
Depreciation and impairment
At 01 June 239,969359,7281,898371,595
Charge for year2,49243,3351,90947,736
At 31 May 2412,461403,0633,807419,331
Net book value
At 31 May 24650,97030,2853,828685,083
At 31 May 23653,46261,6931,402716,557
6.Stocks

2024

2023

££
Raw materials and consumables24,63921,130
Total24,63921,130
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables58,57164,275
Bank borrowings and overdrafts34,68634,671
Taxation and social security61,28549,030
Other creditors89,87666,576
Accrued liabilities and deferred income26,3588,878
Total270,776223,430
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts468,627505,783
Total468,627505,783
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)13,58519,565
Total13,58519,565
10.Directors advances, credits and guarantees
During the year the balance of £74.43 (£19,720 2023) was owed to the director Mr R Mason from the company.