13 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 7,700 7,700 7,700 xbrli:pure xbrli:shares iso4217:GBP 05054716 2023-05-01 2024-04-30 05054716 2024-04-30 05054716 2023-04-30 05054716 2022-05-01 2023-04-30 05054716 2023-04-30 05054716 2022-04-30 05054716 core:MotorVehicles 2023-05-01 2024-04-30 05054716 bus:Director4 2023-05-01 2024-04-30 05054716 core:LandBuildings 2023-04-30 05054716 core:MotorVehicles 2023-04-30 05054716 core:LandBuildings 2024-04-30 05054716 core:MotorVehicles 2024-04-30 05054716 core:AfterOneYear 2024-04-30 05054716 core:AfterOneYear 2023-04-30 05054716 core:WithinOneYear 2024-04-30 05054716 core:WithinOneYear 2023-04-30 05054716 core:ShareCapital 2024-04-30 05054716 core:ShareCapital 2023-04-30 05054716 core:CapitalRedemptionReserve 2024-04-30 05054716 core:CapitalRedemptionReserve 2023-04-30 05054716 core:RetainedEarningsAccumulatedLosses 2024-04-30 05054716 core:RetainedEarningsAccumulatedLosses 2023-04-30 05054716 core:NetGoodwill 2024-04-30 05054716 core:NetGoodwill 2023-04-30 05054716 core:LandBuildings 2023-04-30 05054716 core:MotorVehicles 2023-04-30 05054716 bus:Director4 2023-04-30 05054716 bus:Director4 2024-04-30 05054716 bus:Director4 2022-04-30 05054716 bus:Director4 2023-04-30 05054716 bus:Director4 2022-05-01 2023-04-30 05054716 bus:SmallEntities 2023-05-01 2024-04-30 05054716 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05054716 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05054716 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05054716 bus:FullAccounts 2023-05-01 2024-04-30 05054716 core:OfficeEquipment 2023-05-01 2024-04-30 05054716 core:OfficeEquipment 2023-04-30 05054716 core:OfficeEquipment 2024-04-30
COMPANY REGISTRATION NUMBER: 05054716
Radley Aylesbury Limited
Filleted Unaudited Financial Statements
30 April 2024
Radley Aylesbury Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
7,700
7,700
Tangible assets
6
497,494
489,409
---------
---------
505,194
497,109
Current assets
Stocks
89,078
100,988
Debtors
7
152,355
80,967
Cash at bank and in hand
15,004
64,267
---------
---------
256,437
246,222
Creditors: amounts falling due within one year
8
385,083
408,852
---------
---------
Net current liabilities
128,646
162,630
---------
---------
Total assets less current liabilities
376,548
334,479
Creditors: amounts falling due after more than one year
9
375,624
334,095
---------
---------
Net assets
924
384
---------
---------
Capital and reserves
Called up share capital
9
9
Capital redemption reserve
91
91
Profit and loss account
824
284
----
----
Shareholders funds
924
384
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Radley Aylesbury Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 12 February 2025 , and are signed on behalf of the board by:
N Ing
Director
Company registration number: 05054716
Radley Aylesbury Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3, Bignell Park Barns, Chesterton, Nr Bicester, Oxon, OX26 1TD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Office equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2023: 11 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
7,700
-------
Amortisation
At 1 May 2023 and 30 April 2024
-------
Carrying amount
At 30 April 2024
7,700
-------
At 30 April 2023
7,700
-------
6. Tangible assets
Land and buildings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 May 2023
409,112
119,307
42,352
570,771
Additions
36,588
36,588
Disposals
( 19,980)
( 19,980)
---------
---------
--------
---------
At 30 April 2024
409,112
135,915
42,352
587,379
---------
---------
--------
---------
Depreciation
At 1 May 2023
50,891
30,471
81,362
Charge for the year
19,315
1,782
21,097
Disposals
( 12,574)
( 12,574)
---------
---------
--------
---------
At 30 April 2024
57,632
32,253
89,885
---------
---------
--------
---------
Carrying amount
At 30 April 2024
409,112
78,283
10,099
497,494
---------
---------
--------
---------
At 30 April 2023
409,112
68,416
11,881
489,409
---------
---------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
70,399
27,894
Other debtors
81,956
53,073
---------
--------
152,355
80,967
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
149,747
192,187
Corporation tax
28,322
2,660
Social security and other taxes
56,581
53,007
Other creditors
150,433
160,998
---------
---------
385,083
408,852
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
302,440
281,180
Other creditors
73,184
52,915
---------
---------
375,624
334,095
---------
---------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
N Ing
24,606
( 42,422)
56,000
38,184
--------
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
N Ing
( 1,394)
26,000
24,606
-------
----
--------
--------