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Radstocks Retail Limited

Registered Number
08732351
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

Radstocks Retail Limited
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

Hardik Dalal
Anand Lavingia

Registered Address

4 Newlands Close
Billericay
CM12 0PJ

Registered Number

08732351 (England and Wales)
Radstocks Retail Limited
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,0801,555
4,0801,555
Current assets
Stocks48,2656,660
Debtors14,85516,420
Cash at bank and on hand50,92637,214
74,04660,294
Creditors amounts falling due within one year5(62,683)(56,290)
Net current assets (liabilities)11,3634,004
Total assets less current liabilities15,4435,559
Provisions for liabilities6(1,020)-
Net assets14,4235,559
Capital and reserves
Called up share capital100100
Profit and loss account14,3235,459
Shareholders' funds14,4235,559
The financial statements were approved and authorised for issue by the Board of Directors on 11 June 2025, and are signed on its behalf by:
Hardik Dalal
Director
Registered Company No. 08732351
Radstocks Retail Limited
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings5
Office Equipment3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year89
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 November 2312,4641,71614,180
Additions3,387-3,387
At 31 October 2415,8511,71617,567
Depreciation and impairment
At 01 November 2311,2671,35812,625
Charge for year723139862
At 31 October 2411,9901,49713,487
Net book value
At 31 October 243,8612194,080
At 31 October 231,1973581,555
4.Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2024

2023

££
Finished goods8,2656,660
Total8,2656,660
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,4275,178
Taxation and social security20,22412,483
Other creditors28,98332,673
Accrued liabilities and deferred income11,0495,956
Total62,68356,290
6.Provisions for liabilities
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2024

2023

££
Net deferred tax liability (asset)1,020-
Total1,020-