Registered number
08573594
RDC PALLET TRUCK SERVICES LTD
Report and Accounts
31 March 2025
M.I.Morris & Co.Ltd
Accountants, Taxation and Business Consultants
Offices 1-5, 1st Floor
Voluntary House
112-113Commercial Street
Maesteg
Bridgend
CF34 9DL
RDC PALLET TRUCK SERVICES LTD
Registered number: 08573594
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 4,740 12,240
Current assets
Stocks 11,819 8,319
Debtors 4 36,465 28,502
Cash at bank and in hand 99,491 108,103
147,775 144,924
Creditors: amounts falling due within one year 5 (29,693) (32,580)
Net current assets 118,082 112,344
Net assets 122,822 124,584
Capital and reserves
Share premium 100 100
Profit and loss account 122,722 124,484
Shareholders' funds 122,822 124,584
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Richard Comley
Director
Approved by the board on 13 May 2025
RDC PALLET TRUCK SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 47,289 12,500 59,789
At 31 March 2025 47,289 12,500 59,789
Depreciation
At 1 April 2024 39,740 7,809 47,549
Charge for the year 7,000 500 7,500
At 31 March 2025 46,740 8,309 55,049
Net book value
At 31 March 2025 549 4,191 4,740
At 31 March 2024 7,549 4,691 12,240
4 Debtors 2025 2024
£ £
Trade debtors 19,651 23,151
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Other debtors 16,814 5,351
36,465 28,502
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors - 1,778
Taxation and social security costs 29,603 30,712
Other creditors 90 90
29,693 32,580
6 Other information
RDC PALLET TRUCK SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Offices 1-5, 1st Floor
Voluntary House
112-113 Commercial Street
Maesteg
CF34 9DL
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