Company Registration No. SC432162 (Scotland)
RDI Renewables Ltd
Filleted accounts
for the year ended 30 September 2024
RDI Renewables Ltd
Filleted accounts
Contents
RDI Renewables Ltd
Company Information
for the year ended 30 September 2024
Company Number
SC432162 (Scotland)
Registered Office
Unit 4B
Ormlie Industrial Estate
Thurso
KW14 7QU
United Kingdom
Accountants
Cameron Consulting (Scotland) Ltd
7 Poles Road
Dornoch
IV25 3HP
RDI Renewables Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
238,329
85,006
Inventories
144,656
203,143
Cash at bank and in hand
279,683
335,479
Creditors: amounts falling due within one year
(365,556)
(349,827)
Net current assets
137,176
258,050
Total assets less current liabilities
375,505
343,056
Provisions for liabilities
Deferred tax
(24,170)
(12,850)
Net assets
351,335
330,206
Called up share capital
3
3
Profit and loss account
351,332
330,203
Shareholders' funds
351,335
330,206
For the year ending 30 September 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2025 and were signed on its behalf by
Ryan Pollard
Director
Company Registration No. SC432162
RDI Renewables Ltd
Notes to the Accounts
for the year ended 30 September 2024
RDI Renewables Ltd is a private company, limited by shares, registered in Scotland, registration number SC432162. The registered office is Unit 4B, Ormlie Industrial Estate, Thurso, KW14 7QU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 10-50 years
Plant & machinery
25% reducing balance
Motor vehicles
over 5 years
Fixtures & fittings
over 3-5 years
Computer equipment
over 3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
RDI Renewables Ltd
Notes to the Accounts
for the year ended 30 September 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2023
11,657
39,545
173,632
4,516
8,574
237,924
Additions
141,650
17,714
62,131
8,750
-
230,245
Disposals
-
-
(75,223)
-
-
(75,223)
At 30 September 2024
153,307
57,259
160,540
13,266
8,574
392,946
At 1 October 2023
4,666
37,135
98,782
3,761
8,574
152,918
Charge for the year
1,165
4,880
38,238
1,990
-
46,273
On disposals
-
-
(44,574)
-
-
(44,574)
At 30 September 2024
5,831
42,015
92,446
5,751
8,574
154,617
At 30 September 2024
147,476
15,244
68,094
7,515
-
238,329
At 30 September 2023
6,991
2,410
74,850
755
-
85,006
Amounts falling due within one year
Trade debtors
77,516
60,112
Accrued income and prepayments
877
805
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
39,827
90,759
Taxes and social security
17,771
24,448
Other creditors
291,715
234,620
RDI Renewables Ltd
Notes to the Accounts
for the year ended 30 September 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
(3,338)
137,587
173,000
(38,751)
(3,338)
137,587
173,000
(38,751)
All advances made during the year were on an interest free basis, had no fixed repayment date and were unsecured.
8
Average number of employees
During the year the average number of employees was 10 (2023: 8).