2023-03-01 2024-02-29 false No description of principal activity Acting Office - Tax and Accounts 1.0 12485965 bus:FullAccounts 2023-03-01 2024-02-29 12485965 bus:Micro-entities 2023-03-01 2024-02-29 12485965 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12485965 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12485965 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12485965 2023-03-01 2024-02-29 12485965 2024-02-29 12485965 bus:RegisteredOffice 2023-03-01 2024-02-29 12485965 core:WithinOneYear 2024-02-29 12485965 core:AfterOneYear 2024-02-29 12485965 2022-03-01 12485965 bus:Director1 2023-03-01 2024-02-29 12485965 bus:Director1 2024-02-29 12485965 bus:Director1 2022-03-01 2023-02-28 12485965 bus:CompanySecretary1 2023-03-01 2024-02-29 12485965 bus:LeadAgentIfApplicable 2023-03-01 2024-02-29 12485965 2022-03-01 2023-02-28 12485965 2023-02-28 12485965 core:WithinOneYear 2023-02-28 12485965 core:AfterOneYear 2023-02-28 12485965 bus:EntityAccountantsOrAuditors 2022-03-01 2023-02-28 12485965 core:PlantMachinery 2023-03-01 2024-02-29 12485965 core:PlantMachinery 2024-02-29 12485965 core:PlantMachinery 2023-02-28 12485965 core:MotorVehicles 2023-03-01 2024-02-29 12485965 core:MotorVehicles 2024-02-29 12485965 core:MotorVehicles 2023-02-28 12485965 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-29 12485965 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 12485965 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 12485965 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 12485965 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-29 12485965 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 12485965 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 12485965 core:Non-currentFinancialInstruments 2024-02-29 12485965 core:Non-currentFinancialInstruments 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12485965
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 29 February 2024

for

RD MARINE ELECTRONICS LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 9,111  11,389 
Current assets 21,485  24,558 
Creditors: amount falling due within one year (11,565) (6,058)
Net current assets/(liabilities) 9,920  18,500 
Total assets less current liabilities 19,031  29,889 
Creditors: amount falling due after more than one year (15,467) (21,090)
Net assets/(liabilities) 3,564  8,799 
 
Capital and reserves 3,564  8,799 
 
  1. For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Guy Stewart Raynes
Director

Date approved: 22 February 2025
1
Statutory Information
RD MARINE ELECTRONICS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12485965, registration address 35 St. Marys Road, Cowes, PO31 7ST, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery20% Reducing Balance
Motor Vehicles20% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 March 2023 11,469    9,213    20,682 
Additions    
At 29 February 2024 11,469    9,213    20,682 
Depreciation
At 01 March 2023 4,797    4,496    9,293 
Charge for year 1,334    944    2,278 
At 29 February 2024 6,131    5,440    11,571 
Net book values
Closing balance as at 29 February 2024 5,338    3,773    9,111 
Opening balance as at 01 March 2023 6,672    4,717    11,389 

3.

Average number of employees

Average number of employees during the year was 1 (2023: 1).
2