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REGISTERED NUMBER: 08221678 (England and Wales)












RDBIFS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






RDBIFS LTD (REGISTERED NUMBER: 08221678)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RDBIFS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







Directors: Mr C T Dunk
Mr P B Williams
Mr P R M Penfold
Ms U H Nowak





Registered office: The Stables
Levens Hall
KENDAL
LA8 0PB





Registered number: 08221678 (England and Wales)





Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

RDBIFS LTD (REGISTERED NUMBER: 08221678)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 600,922 648,882
Tangible assets 5 25,573 24,244
626,495 673,126

Current assets
Debtors 6 467,796 465,506
Cash at bank and in hand 334,161 265,581
801,957 731,087
Creditors
Amounts falling due within one year 7 164,803 156,263
Net current assets 637,154 574,824
Total assets less current liabilities 1,263,649 1,247,950

Creditors
Amounts falling due after more than one
year

8

-

(12,488

)

Provisions for liabilities (5,903 ) (6,061 )
Net assets 1,257,746 1,229,401

Capital and reserves
Called up share capital 9 428,600 428,600
Share premium 741,936 741,936
Retained earnings 87,210 58,865
Shareholders' funds 1,257,746 1,229,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

RDBIFS LTD (REGISTERED NUMBER: 08221678)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:





Mr C T Dunk - Director


RDBIFS LTD (REGISTERED NUMBER: 08221678)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. Statutory information

RDBIFS 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.

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 is measured at the fair value of the consideration received or receivable and represents amounts receivable, for services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, 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.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.


RDBIFS LTD (REGISTERED NUMBER: 08221678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

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 12 (2023 - 14 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2024
and 31 December 2024 1,142,000
Amortisation
At 1 January 2024 493,118
Charge for year 47,960
At 31 December 2024 541,078
Net book value
At 31 December 2024 600,922
At 31 December 2023 648,882

RDBIFS LTD (REGISTERED NUMBER: 08221678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2024 64,277
Additions 11,334
Disposals (3,627 )
At 31 December 2024 71,984
Depreciation
At 1 January 2024 40,033
Charge for year 8,196
Eliminated on disposal (1,818 )
At 31 December 2024 46,411
Net book value
At 31 December 2024 25,573
At 31 December 2023 24,244

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 424,983 423,803
Other debtors 42,813 41,703
467,796 465,506

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 12,488 3,704
Taxation and social security 145,096 116,511
Other creditors 7,219 36,048
164,803 156,263

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts - 12,488

RDBIFS LTD (REGISTERED NUMBER: 08221678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. Called up share capital

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
428,565 A Ordinary share capital £1 428,565 428,565
35 B Ordinary share capital £1 35 35
428,600 428,600