Company registration number 06705374 (England and Wales)
REMDALE LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
REMDALE LTD
COMPANY INFORMATION
Directors
Mr D Sherry
Mr J W Sherry
Mr N W Sherry
Company number
06705374
Registered office
C/O Xeinadin South East Limited
Unit 68 Basepoint
Shearway Business Park
Folkestone
Kent
England
CT19 4RH
Accountants
Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
United Kingdom
ME10 5BH
REMDALE LTD
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4 - 5
Notes to the financial statements
6 - 11
REMDALE LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -

The directors present their annual report and financial statements for the year ended 30 September 2024.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr D Sherry
Mr J W Sherry
Mr N W Sherry
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr N W Sherry
Director
27 June 2025
REMDALE LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF REMDALE LTD FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Remdale Ltd for the year ended 30 September 2024 which comprise the profit and loss account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Remdale Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Remdale Ltd and state those matters that we have agreed to state to the board of directors of Remdale Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Remdale Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Remdale Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Remdale Ltd. You consider that Remdale Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Remdale Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH
United Kingdom
27 June 2025
REMDALE LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
2024
2023
Notes
£
£
Turnover
2,400,554
2,271,970
Cost of sales
(1,319,136)
(1,185,218)
Gross profit
1,081,418
1,086,752
Administrative expenses
(815,285)
(830,662)
Other operating income
123
-
0
Operating profit
266,256
256,090
Interest receivable and similar income
19
27
Interest payable and similar expenses
(16,611)
(18,277)
Profit before taxation
249,664
237,840
Tax on profit
4
(62,713)
(55,163)
Profit for the financial year
186,951
182,677

The profit and loss account has been prepared on the basis that all operations are continuing operations.

REMDALE LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
6
35,489
23,546
Current assets
Stocks
7
80,500
86,169
Debtors
8
514,378
809,074
Cash at bank and in hand
13,476
16,646
608,354
911,889
Creditors: amounts falling due within one year
9
(452,174)
(568,423)
Net current assets
156,180
343,466
Total assets less current liabilities
191,669
367,012
Creditors: amounts falling due after more than one year
10
(65,600)
(115,000)
Provisions for liabilities
12
(7,279)
(4,173)
Net assets
118,790
247,839
Capital and reserves
Called up share capital
13
41
41
Profit and loss reserves
14
118,749
247,798
Total equity
118,790
247,839
REMDALE LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 5 -

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The financial statements were approved by the board of directors and authorised for issue on 27 June 2025 and are signed on its behalf by:
Mr D Sherry
Mr J W Sherry
Director
Director
Mr N W Sherry
Director
Company registration number 06705374 (England and Wales)
REMDALE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
1
Accounting policies
Company information

Remdale Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Xeinadin South East Limited, Unit 68 Basepoint, Shearway Business Park, Folkestone, Kent, England, CT19 4RH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is fully amortised.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

REMDALE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 7 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% on cost
Plant and equipment
25% on reducing balance
Computers
33% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

 

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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.

REMDALE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 8 -
1.8
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
23
23
3
Directors' remuneration
2024
2023
£
£
Remuneration paid to directors
99,414
105,046
4
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
59,606
55,757
Deferred tax
Origination and reversal of timing differences
3,107
(594)
Total tax charge
62,713
55,163
REMDALE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 9 -
5
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
65,000
Amortisation and impairment
At 1 October 2023 and 30 September 2024
65,000
Carrying amount
At 30 September 2024
-
0
At 30 September 2023
-
0
6
Tangible fixed assets
Leasehold improvements
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2023
47,658
258,062
28,970
-
0
334,690
Additions
-
0
-
0
-
0
23,850
23,850
At 30 September 2024
47,658
258,062
28,970
23,850
358,540
Depreciation and impairment
At 1 October 2023
47,581
234,593
28,970
-
0
311,144
Depreciation charged in the year
77
5,867
-
0
5,963
11,907
At 30 September 2024
47,658
240,460
28,970
5,963
323,051
Carrying amount
At 30 September 2024
-
0
17,602
-
0
17,887
35,489
At 30 September 2023
77
23,469
-
0
-
0
23,546
7
Stocks
2024
2023
£
£
Stocks
80,500
86,169
REMDALE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 10 -
8
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
270,449
353,238
Corporation tax recoverable
37,853
95,996
Other debtors
175,952
331,021
Prepayments and accrued income
30,124
28,819
514,378
809,074
9
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
11
60,000
60,000
Obligations under finance leases
7,950
-
0
Trade creditors
128,188
128,102
Amounts owed to group undertakings
156,786
153,330
Corporation tax
45,433
184,811
Other taxation and social security
19,133
7,591
Other creditors
30,584
30,799
Accruals and deferred income
4,100
3,790
452,174
568,423
10
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
55,000
115,000
Other creditors
10,600
-
0
65,600
115,000
11
Loans and overdrafts
2024
2023
£
£
Bank loans
115,000
175,000
Payable within one year
60,000
60,000
Payable after one year
55,000
115,000
REMDALE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 11 -
12
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
7,279
4,173
13
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
16
16
16
16
Ordinary 'B' of £1 each
10
10
10
10
Ordinary 'C' of £1 each
14
14
14
14
Ordinary 'D' of £1 each
1
1
1
1
41
41
41
41
14
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
247,798
324,121
Adjusted balance
247,798
324,121
Profit for the year
186,951
182,677
Dividends declared and paid in the year
(316,000)
(259,000)
At the end of the year
118,749
247,798
15
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments
66,441
4,327
2024-09-302023-10-01falsefalsefalse27 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr D SherryMr J W SherryMr N W Sherry067053742023-10-012024-09-3006705374bus:Director12023-10-012024-09-3006705374bus:Director22023-10-012024-09-3006705374bus:Director32023-10-012024-09-3006705374bus:RegisteredOffice2023-10-012024-09-30067053742024-09-30067053742022-10-012023-09-30067053742023-09-3006705374core:LeaseholdImprovements2024-09-3006705374core:PlantMachinery2024-09-3006705374core:ComputerEquipment2024-09-3006705374core:MotorVehicles2024-09-3006705374core:LeaseholdImprovements2023-09-3006705374core:PlantMachinery2023-09-3006705374core:ComputerEquipment2023-09-3006705374core:MotorVehicles2023-09-3006705374core:ShareCapital2024-09-3006705374core:ShareCapital2023-09-3006705374core:RetainedEarningsAccumulatedLosses2024-09-3006705374core:RetainedEarningsAccumulatedLosses2023-09-3006705374core:ShareCapitalOrdinaryShareClass12024-09-3006705374core:ShareCapitalOrdinaryShareClass12023-09-3006705374core:ShareCapitalOrdinaryShareClass22024-09-3006705374core:ShareCapitalOrdinaryShareClass22023-09-3006705374core:ShareCapitalOrdinaryShareClass32024-09-3006705374core:ShareCapitalOrdinaryShareClass32023-09-3006705374core:ShareCapitalOrdinaryShareClass42024-09-3006705374core:ShareCapitalOrdinaryShareClass42023-09-3006705374core:ShareCapitalOrdinaryShares2024-09-3006705374core:ShareCapitalOrdinaryShares2023-09-3006705374core:RetainedEarningsAccumulatedLosses2023-09-3006705374core:RetainedEarningsAccumulatedLosses2022-09-3006705374core:Goodwill2023-10-012024-09-3006705374core:LeaseholdImprovements2023-10-012024-09-3006705374core:PlantMachinery2023-10-012024-09-3006705374core:ComputerEquipment2023-10-012024-09-3006705374core:MotorVehicles2023-10-012024-09-3006705374core:UKTax2023-10-012024-09-3006705374core:UKTax2022-10-012023-09-3006705374core:NetGoodwill2023-09-3006705374core:NetGoodwill2024-09-3006705374core:NetGoodwill2023-09-3006705374core:LeaseholdImprovements2023-09-3006705374core:PlantMachinery2023-09-3006705374core:ComputerEquipment2023-09-3006705374core:MotorVehicles2023-09-30067053742023-09-3006705374core:CurrentFinancialInstruments2024-09-3006705374core:CurrentFinancialInstruments2023-09-3006705374core:Non-currentFinancialInstruments2024-09-3006705374core:Non-currentFinancialInstruments2023-09-3006705374bus:OrdinaryShareClass12023-10-012024-09-3006705374bus:OrdinaryShareClass22023-10-012024-09-3006705374bus:OrdinaryShareClass32023-10-012024-09-3006705374bus:OrdinaryShareClass42023-10-012024-09-3006705374bus:OrdinaryShareClass12024-09-3006705374bus:OrdinaryShareClass12023-09-3006705374bus:OrdinaryShareClass22024-09-3006705374bus:OrdinaryShareClass22023-09-3006705374bus:OrdinaryShareClass32024-09-3006705374bus:OrdinaryShareClass32023-09-3006705374bus:OrdinaryShareClass42024-09-3006705374bus:OrdinaryShareClass42023-09-3006705374bus:AllOrdinaryShares2024-09-3006705374bus:AllOrdinaryShares2023-09-3006705374bus:PrivateLimitedCompanyLtd2023-10-012024-09-3006705374bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3006705374bus:FRS1022023-10-012024-09-3006705374bus:AuditExemptWithAccountantsReport2023-10-012024-09-3006705374bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP