Registered number
07624249
Radiance Property Services Limited
Filleted Accounts
31 May 2024
Radiance Property Services Limited
Registered number: 07624249
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,171 1,561
Current assets
Debtors 4 238,664 258,586
Cash at bank and in hand 642,905 589,861
881,569 848,447
Creditors: amounts falling due within one year 5 (204,927) (204,345)
Net current assets 676,642 644,102
Net assets 677,813 645,663
Capital and reserves
Called up share capital 200 100
Profit and loss account 677,613 645,563
Shareholders' funds 677,813 645,663
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
N O'Sullivan
Director
Approved by the board on 22 January 2025
Radiance Property Services Limited
Notes to the Accounts
for the year ended 31 May 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 basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.Current tax liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 70 70
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 6,618
At 31 May 2024 6,618
Depreciation
At 1 June 2023 5,057
Charge for the year 390
At 31 May 2024 5,447
Net book value
At 31 May 2024 1,171
At 31 May 2023 1,561
4 Debtors 2024 2023
£ £
Trade debtors 224,029 241,551
Other debtors 14,635 17,035
238,664 258,586
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 47,543 50,137
Taxation and social security costs 131,768 136,042
Other creditors 25,616 18,166
204,927 204,345
6 Other information
Radiance Property Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Salisbury House
Finsbury Circus
London
EC2M 5AQ
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