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REGISTERED NUMBER: 14061327 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

RD Systems Ltd.

RD Systems Ltd. (Registered number: 14061327)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RD Systems Ltd.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C Dalloway
P Smith





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





BUSINESS ADDRESS: Unit 7
Gun Barrell Industrial Centre
Cradley Heath
West Midlands
B64 7JZ





REGISTERED NUMBER: 14061327 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

RD Systems Ltd. (Registered number: 14061327)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,432 -

CURRENT ASSETS
Stocks 5,150 -
Debtors 5 167,957 193,814
Cash at bank 2,134 254
175,241 194,068
CREDITORS
Amounts falling due within one year 6 175,797 192,606
NET CURRENT (LIABILITIES)/ASSETS (556 ) 1,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,876

1,462

CAPITAL AND RESERVES
Called up share capital 7 20 20
Retained earnings 8 21,856 1,442
SHAREHOLDERS' FUNDS 21,876 1,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





C Dalloway - Director


RD Systems Ltd. (Registered number: 14061327)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

RD Systems Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

RD Systems Ltd. (Registered number: 14061327)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
Additions 25,450 200 867 26,517
At 30 April 2024 25,450 200 867 26,517
DEPRECIATION
Charge for year 3,818 50 217 4,085
At 30 April 2024 3,818 50 217 4,085
NET BOOK VALUE
At 30 April 2024 21,632 150 650 22,432

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 155,248 193,814
Other debtors 12,709 -
167,957 193,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 44,216 9,990
Tax 338 338
Social security and other taxes 26,363 5,448
VAT 44,705 35,712
Other creditors 753 183
Directors' current accounts 58,343 50,035
Accruals and deferred income - 89,950
Accrued expenses 1,079 950
175,797 192,606

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
20 Ordinary 1 20 20

RD Systems Ltd. (Registered number: 14061327)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. RESERVES
Retained
earnings
£   

At 1 May 2023 1,442
Profit for the year 20,414
At 30 April 2024 21,856