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REGISTERED NUMBER: 04856854 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

R.A.D ENGINEERING LIMITED

R.A.D ENGINEERING LIMITED (REGISTERED NUMBER: 04856854)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.A.D ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr R A Dovey





SECRETARY: Mr R A Dovey





REGISTERED OFFICE: Lynwood
Culverley Farm
Beaulieu
Brockenhurst
Hampshire
SO42 7YP





REGISTERED NUMBER: 04856854 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

R.A.D ENGINEERING LIMITED (REGISTERED NUMBER: 04856854)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,982 3,963
Tangible assets 5 2,203,909 1,462,944
2,205,891 1,466,907

CURRENT ASSETS
Stocks 27,000 -
Debtors 6 418,973 337,248
Cash at bank and in hand 201,442 118,590
647,415 455,838
CREDITORS
Amounts falling due within one year 7 692,149 422,673
NET CURRENT (LIABILITIES)/ASSETS (44,734 ) 33,165
TOTAL ASSETS LESS CURRENT LIABILITIES 2,161,157 1,500,072

CREDITORS
Amounts falling due after more than one year 8 (507,175 ) (326,227 )

PROVISIONS FOR LIABILITIES (468,247 ) (326,759 )
NET ASSETS 1,185,735 847,086

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,185,635 846,986
SHAREHOLDERS' FUNDS 1,185,735 847,086

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

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

The director acknowledges his 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.

R.A.D ENGINEERING LIMITED (REGISTERED NUMBER: 04856854)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





Mr R A Dovey - Director


R.A.D ENGINEERING LIMITED (REGISTERED NUMBER: 04856854)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

R.A.D Engineering Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts received for engineering services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 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 Statement of Income and Retained Earnings, 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.


R.A.D ENGINEERING LIMITED (REGISTERED NUMBER: 04856854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 19,816
AMORTISATION
At 1 October 2023 15,853
Charge for year 1,981
At 30 September 2024 17,834
NET BOOK VALUE
At 30 September 2024 1,982
At 30 September 2023 3,963

R.A.D ENGINEERING LIMITED (REGISTERED NUMBER: 04856854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 142,656 2,261,449 15,513 170,393 2,590,011
Additions 4,973 1,164,370 734 132,371 1,302,448
Disposals - (101,720 ) - (63,317 ) (165,037 )
At 30 September 2024 147,629 3,324,099 16,247 239,447 3,727,422
DEPRECIATION
At 1 October 2023 61,209 969,200 13,277 83,381 1,127,067
Charge for year 14,763 425,875 1,232 31,117 472,987
Eliminated on disposal - (50,200 ) - (26,341 ) (76,541 )
At 30 September 2024 75,972 1,344,875 14,509 88,157 1,523,513
NET BOOK VALUE
At 30 September 2024 71,657 1,979,224 1,738 151,290 2,203,909
At 30 September 2023 81,447 1,292,249 2,236 87,012 1,462,944

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 417,053 335,669
Other debtors 1,920 1,579
418,973 337,248

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,348 10,348
Hire purchase contracts 383,119 194,814
Trade creditors 189,311 156,043
Amounts owed to group undertakings - 2,000
Taxation and social security 76,662 16,514
Other creditors 32,709 42,954
692,149 422,673

R.A.D ENGINEERING LIMITED (REGISTERED NUMBER: 04856854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,023 17,099
Hire purchase contracts 482,152 291,128
Other creditors 18,000 18,000
507,175 326,227

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 865,271 485,942

Hire purchase liabilities are secured on the assets to which they relate.