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REGISTERED NUMBER: 03105460 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

R T D & Sons Ltd

R T D & Sons Ltd (Registered number: 03105460)






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 T D & Sons Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr R T Davies
Mr R M Davies
Mrs J W Davies





SECRETARY: Mr R M Davies





REGISTERED OFFICE: First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ





REGISTERED NUMBER: 03105460 (England and Wales)





ACCOUNTANTS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

R T D & Sons Ltd (Registered number: 03105460)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 132,501 142,554
Investment property 6 807,997 1,002,156
940,498 1,144,710

CURRENT ASSETS
Stocks 3,000 10,000
Debtors 7 3,162 11,183
Cash at bank and in hand 11,044 37,492
17,206 58,675
CREDITORS
Amounts falling due within one year 8 133,984 193,326
NET CURRENT LIABILITIES (116,778 ) (134,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

823,720

1,010,059

CREDITORS
Amounts falling due after more than one
year

9

(50,831

)

(185,018

)

PROVISIONS FOR LIABILITIES (1,479 ) (2,364 )
NET ASSETS 771,410 822,677

R T D & Sons Ltd (Registered number: 03105460)

Balance Sheet - continued
30 September 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 771,310 822,577
SHAREHOLDERS' FUNDS 771,410 822,677

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 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 25 February 2025 and were signed on its behalf by:





Mr R T Davies - Director


R T D & Sons Ltd (Registered number: 03105460)

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

1. STATUTORY INFORMATION

R T D & Sons 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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


R T D & Sons Ltd (Registered number: 03105460)

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

2. ACCOUNTING POLICIES - continued
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.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 55,000
AMORTISATION
At 1 October 2023
and 30 September 2024 55,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

R T D & Sons Ltd (Registered number: 03105460)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 October 2023 124,717 53,939 128,135
Disposals - - -
At 30 September 2024 124,717 53,939 128,135
DEPRECIATION
At 1 October 2023 - 48,545 118,499
Charge for year - 5,394 2,409
Eliminated on disposal - - -
At 30 September 2024 - 53,939 120,908
NET BOOK VALUE
At 30 September 2024 124,717 - 7,227
At 30 September 2023 124,717 5,394 9,636

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 9,810 29,073 4,403 350,077
Disposals - (22,495 ) - (22,495 )
At 30 September 2024 9,810 6,578 4,403 327,582
DEPRECIATION
At 1 October 2023 9,258 26,873 4,348 207,523
Charge for year 138 34 14 7,989
Eliminated on disposal - (20,431 ) - (20,431 )
At 30 September 2024 9,396 6,476 4,362 195,081
NET BOOK VALUE
At 30 September 2024 414 102 41 132,501
At 30 September 2023 552 2,200 55 142,554

R T D & Sons Ltd (Registered number: 03105460)

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

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 October 2023 1,002,156
Disposals (194,159 )
At 30 September 2024 807,997
NET BOOK VALUE
At 30 September 2024 807,997
At 30 September 2023 1,002,156

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,007 9,336
Prepayments 1,155 1,847
3,162 11,183

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,443 14,034
Trade creditors 5,527 2,453
Tax 12,477 11,182
Social security and other taxes 511 1,318
VAT 1,189 2,044
Directors' current accounts 96,601 160,140
Other creditors & accruals 2,236 2,155
133,984 193,326

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank Loan 50,831 185,018