4 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false true true true false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11560172 2023-10-01 2024-09-30 11560172 2024-09-30 11560172 2023-09-30 11560172 2022-10-01 2023-09-30 11560172 2023-09-30 11560172 2022-09-30 11560172 core:PlantMachinery 2023-10-01 2024-09-30 11560172 core:MotorVehicles 2023-10-01 2024-09-30 11560172 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 11560172 bus:Director1 2023-10-01 2024-09-30 11560172 core:PlantMachinery 2023-09-30 11560172 core:MotorVehicles 2023-09-30 11560172 core:PlantMachinery 2024-09-30 11560172 core:MotorVehicles 2024-09-30 11560172 core:WithinOneYear 2024-09-30 11560172 core:WithinOneYear 2023-09-30 11560172 core:AfterOneYear 2024-09-30 11560172 core:AfterOneYear 2023-09-30 11560172 core:ShareCapital 2024-09-30 11560172 core:ShareCapital 2023-09-30 11560172 core:RetainedEarningsAccumulatedLosses 2024-09-30 11560172 core:RetainedEarningsAccumulatedLosses 2023-09-30 11560172 bus:OrdinaryShareClass1 core:ShareCapital 2024-09-30 11560172 bus:OrdinaryShareClass1 core:ShareCapital 2023-09-30 11560172 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-09-30 11560172 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 11560172 core:Non-currentFinancialInstruments 2024-09-30 11560172 core:PlantMachinery 2023-09-30 11560172 core:MotorVehicles 2023-09-30 11560172 bus:SmallEntities 2023-10-01 2024-09-30 11560172 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11560172 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11560172 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11560172 bus:FullAccounts 2023-10-01 2024-09-30
Company registration number: 11560172
R & D Surfacing Limited
Unaudited filleted financial statements
30 September 2024
R & D Surfacing Limited
Contents
Accountants report
Statement of financial position
Notes to the financial statements
R & D Surfacing Limited
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 3 401,279 257,983
Investments 4 73,050 -
_______ _______
474,329 257,983
Current assets
Debtors 5 508,956 422,052
Cash at bank and in hand 142,997 201,851
_______ _______
651,953 623,903
Creditors: amounts falling due
within one year 6 ( 378,305) ( 308,481)
_______ _______
Net current assets 273,648 315,422
_______ _______
Total assets less current liabilities 747,977 573,405
Creditors: amounts falling due
after more than one year 7 ( 321,412) ( 165,646)
Provisions for liabilities ( 97,272) ( 52,205)
_______ _______
Net assets 329,293 355,554
_______ _______
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 329,193 355,454
_______ _______
Shareholder funds 329,293 355,554
_______ _______
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 May 2025 , and are signed on behalf of the board by:
Mr Ricky Eldridge
Director
Company registration number: 11560172
R & D Surfacing Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
R & D Surfacing Limited (Company number 11560172 ) is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 West Court, Enterprise Road, Maidstone, Kent, ME15 6JD.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
2. Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 4 (2023: 4).
3. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 October 2023 16,185 356,412 372,597
Additions 2,494 275,700 278,194
Disposals ( 5,525) ( 65,500) ( 71,025)
_______ _______ _______
At 30 September 2024 13,154 566,612 579,766
_______ _______ _______
Depreciation
At 1 October 2023 4,913 109,701 114,614
Charge for the year 2,701 86,464 89,165
Disposals ( 3,185) ( 22,107) ( 25,292)
_______ _______ _______
At 30 September 2024 4,429 174,058 178,487
_______ _______ _______
Carrying amount
At 30 September 2024 8,725 392,554 401,279
_______ _______ _______
At 30 September 2023 11,272 246,711 257,983
_______ _______ _______
4. Investments
Other investments other than loans Total
£ £
Cost
At 1 October 2023 - -
Additions 73,050 73,050
_______ _______
At 30 September 2024 73,050 73,050
_______ _______
Impairment
At 1 October 2023 and 30 September 2024 - -
_______ _______
Carrying amount
At 30 September 2024 73,050 73,050
_______ _______
At 30 September 2023 - -
_______ _______
5. Debtors
2024 2023
£ £
Trade debtors 447,893 358,194
Other debtors 61,063 63,858
_______ _______
508,956 422,052
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,086 10,086
Trade creditors 240,601 191,137
Social security and other taxes 13,155 11,291
Other creditors 114,463 95,967
_______ _______
378,305 308,481
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 321,412 165,646
_______ _______
8. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______