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Registration number: 08314936

R G Development Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

R G Development Consulting Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

R G Development Consulting Limited

(Registration number: 08314936)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

16,575

23,267

Current assets

 

Debtors

6

14,845

16,555

Cash at bank and in hand

 

42,331

46,627

 

57,176

63,182

Creditors: Amounts falling due within one year

7

(35,469)

(41,275)

Net current assets

 

21,707

21,907

Total assets less current liabilities

 

38,282

45,174

Creditors: Amounts falling due after more than one year

7

(10,926)

(15,931)

Provisions for liabilities

(3,149)

(4,421)

Net assets

 

24,207

24,822

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

24,205

24,820

Shareholders' funds

 

24,207

24,822

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 

Mr R J Griffiths
Director

   
     
 

R G Development Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 23 January 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

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

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 taxable income.

 

R G Development Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

33% striaght line

Furniture and fixtures

25% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

R G Development Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

6,692

6,770

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

10,567

27,348

37,915

Disposals

(6,661)

-

(6,661)

At 30 November 2024

3,906

27,348

31,254

Depreciation

At 1 December 2023

8,723

5,925

14,648

Charge for the year

1,222

5,470

6,692

Eliminated on disposal

(6,661)

-

(6,661)

At 30 November 2024

3,284

11,395

14,679

Carrying amount

At 30 November 2024

622

15,953

16,575

At 30 November 2023

1,844

21,423

23,267

6

Debtors

Current

2024
£

2023
£

Trade debtors

9,693

9,708

Prepayments

1,018

799

Other debtors

4,134

6,048

 

14,845

16,555

 

R G Development Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

22,126

22,050

Trade creditors

 

246

218

Taxation and social security

 

12,397

18,007

Accruals and deferred income

 

700

1,000

 

35,469

41,275

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

10,926

15,931

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

A Ordinary shares of £0.01 each

70

1

70

1

B Ordinary shares of £0.01 each

30

-

30

-

200

2

200

2

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

10,926

15,931

 

R G Development Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Current loans and borrowings

2024
£

2023
£

Other borrowings

22,126

22,050