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Registered number: 07207330
Rdem Limited
Unaudited Financial Statements
For The Year Ended 30 March 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Rdem Limited for the year ended 30 March 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rdem Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Rdem Limited , as a body, in accordance with the terms of our engagement letter dated 20 March 2024. Our work has been undertaken solely to prepare for your approval the accounts of Rdem Limited and state those matters that we have agreed to state to the directors of Rdem Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rdem Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Rdem Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Rdem Limited . You consider that Rdem Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rdem Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
21st February 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 07207330
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,330 36,692
30,330 36,692
CURRENT ASSETS
Stocks 5 294,000 201,000
Debtors 6 771,052 663,044
Cash at bank and in hand 148 103
1,065,200 864,147
Creditors: Amounts Falling Due Within One Year 7 (1,073,151 ) (872,715 )
NET CURRENT ASSETS (LIABILITIES) (7,951 ) (8,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,379 28,124
Creditors: Amounts Falling Due After More Than One Year 8 (14,469 ) (21,018 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (7,582 ) (6,971 )
NET ASSETS 328 135
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 326 133
SHAREHOLDERS' FUNDS 328 135
Page 2
Page 3
For the year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Robson
Director
21st February 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Rdem Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07207330 . The registered office is Unit 3, Building 2, The Colony Wilmslow , Altrincham Road, Wilmslow, Cheshire, SK9 4LY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33.33% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 11)
9 11
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 31 March 2023 65,491 6,344 7,976 79,811
Additions - - 2,099 2,099
As at 30 March 2024 65,491 6,344 10,075 81,910
Depreciation
As at 31 March 2023 37,927 3,542 1,650 43,119
Provided during the period 5,513 420 2,528 8,461
As at 30 March 2024 43,440 3,962 4,178 51,580
Net Book Value
As at 30 March 2024 22,051 2,382 5,897 30,330
As at 31 March 2023 27,564 2,802 6,326 36,692
5. Stocks
2024 2023
£ £
Work in progress 294,000 201,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,484 135,671
Amounts owed by group undertakings 174,237 -
Other debtors 563,331 527,373
771,052 663,044
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 708,881 488,180
Bank loans and overdrafts 15,146 19,547
Other creditors 36,456 156,657
Taxation and social security 312,668 208,331
1,073,151 872,715
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,469 21,018
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Page 6
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 7,582 6,971
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 31 March 2023 6,971 6,971
Additions 611 611
Balance at 30 March 2024 7,582 7,582
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
12. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the year:
As at 31 March 2023 Amounts advanced Amounts repaid Amounts written off As at 30 March 2024
£ £ £ £ £
Mr Alan Robson 228,339 17,980 - - 246,319
Mrs Alison Everett 228,339 17,979 - - 246,318
The above loan is unsecured and repayable on demand.
Page 6