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REGISTERED NUMBER: 00662752 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

R.G.D. KING LIMITED

R.G.D. KING LIMITED (REGISTERED NUMBER: 00662752)






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


R.G.D. KING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs J L Hope
A R Hope





REGISTERED OFFICE: Pennywell House
Pennywell Road
Bristol
BS5 0TX





REGISTERED NUMBER: 00662752 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

R.G.D. KING LIMITED (REGISTERED NUMBER: 00662752)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 340,455 366,422

CURRENT ASSETS
Stocks 9,000 9,000
Debtors 5 2,443,330 841,965
Cash at bank 519,255 2,027,746
2,971,585 2,878,711
CREDITORS
Amounts falling due within one year 6 (192,813 ) (216,203 )
NET CURRENT ASSETS 2,778,772 2,662,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,119,227

3,028,930

CREDITORS
Amounts falling due after more than one
year

7

(10,862

)

(14,626

)

PROVISIONS FOR LIABILITIES (22,332 ) (26,681 )
NET ASSETS 3,086,033 2,987,623

CAPITAL AND RESERVES
Called up share capital 9 1,600 1,600
Capital redemption reserve 900 900
Retained earnings 3,083,533 2,985,123
SHAREHOLDERS' FUNDS 3,086,033 2,987,623

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.

R.G.D. KING LIMITED (REGISTERED NUMBER: 00662752)

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 18 March 2025 and were signed on its behalf by:





A R Hope - Director


R.G.D. KING LIMITED (REGISTERED NUMBER: 00662752)

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

1. STATUTORY INFORMATION

R.G.D. King 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided so as to write off the cost of each asset over its estimated useful life as set out below or, if held under a finance lease, over the lease term, whichever is the shorter:
Freehold Property - 50 years
Fixtures and fittings, plant and machinery - 7 years
Motor Vehicles - Cars 5 years, Vans 7 years

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.

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.

R.G.D. KING LIMITED (REGISTERED NUMBER: 00662752)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments and cash equivalents
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 428,620 310,279 738,899
Additions - 17,911 17,911
Disposals - (25,682 ) (25,682 )
At 31 December 2024 428,620 302,508 731,128
DEPRECIATION
At 1 January 2024 168,921 203,556 372,477
Charge for year 8,572 33,839 42,411
Eliminated on disposal - (24,215 ) (24,215 )
At 31 December 2024 177,493 213,180 390,673
NET BOOK VALUE
At 31 December 2024 251,127 89,328 340,455
At 31 December 2023 259,699 106,723 366,422

R.G.D. KING LIMITED (REGISTERED NUMBER: 00662752)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 80,166
Transfer to ownership (33,911 )
At 31 December 2024 46,255
DEPRECIATION
At 1 January 2024 24,531
Charge for year 16,033
Transfer to ownership (22,062 )
At 31 December 2024 18,502
NET BOOK VALUE
At 31 December 2024 27,753
At 31 December 2023 55,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 109,113 316,398
Amounts owed by group undertakings 1,770,000 -
Amounts recoverable on long term contracts 213,402 163,254
Other debtors 350,815 362,313
2,443,330 841,965

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 3,764 19,394
Trade creditors 15,266 21,527
Taxation and social security 112,668 138,241
Other creditors 61,115 37,041
192,813 216,203

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 10,862 14,626

R.G.D. KING LIMITED (REGISTERED NUMBER: 00662752)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 14,626 34,020

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,600 Ordinary £1 1,600 1,600

10. RELATED PARTY DISCLOSURES

At the year end the company owed £38,923 to the directors (2023 - £1,297). All loans from directors were repayable on demand and no interest was charged during the year.