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Company Registration number: 06416510

R.T.D.L. Limited

Annual Report and Unaudited
Financial Statements


for the Year Ended 31 December 2024

 

R.T.D.L. Limited

Contents

Pages

Balance sheet

1 to 2

Notes to the financial statements

3 to 8

 

R.T.D.L. Limited

Balance Sheet as at 31 December 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Tangible assets

5

33,368

41,265

Current assets

 

Stocks

6

9,850

12,500

Debtors

7

56,719

53,121

Cash at bank and in hand

 

120,025

40,685

 

186,594

106,306

Creditors: Amounts falling due within one year

8

(83,423)

(54,461)

Net current assets

 

103,171

51,845

Total assets less current liabilities

 

136,539

93,110

Creditors: Amounts falling due after more than one year

8

(5,210)

(15,973)

Provisions for liabilities

(4,000)

(5,698)

Net assets

 

127,329

71,439

Capital and reserves

 

Called up share capital

100

100

Retained earnings

127,228

71,339

Shareholders' funds

 

127,328

71,439

 

R.T.D.L. Limited

Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 06416510

Approved and authorised by the Board on 15 July 2025 and signed on its behalf by:
 

.........................................
Mr R P Taggart
Director

 

R.T.D.L. Limited

Notes to the financial statements for the Year Ended 31 December 2024

1

GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ferres
21 Strawberry Terrace
Carlisle
CA3 9LT

These financial statements were authorised for issue by the Board on 15 July 2025.

2

ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

 

R.T.D.L. Limited

Notes to the financial statements for the Year Ended 31 December 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
 

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Plant and machinery

20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

R.T.D.L. Limited

Notes to the financial statements for the Year Ended 31 December 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

 

R.T.D.L. Limited

Notes to the financial statements for the Year Ended 31 December 2024 (continued)

3

STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 12).

4

INTANGIBLE ASSETS

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

35,000

35,000

At 31 December 2024

35,000

35,000

Amortisation

At 1 January 2024

35,000

35,000

At 31 December 2024

35,000

35,000

Carrying amount

At 31 December 2024

-

-

 

R.T.D.L. Limited

Notes to the financial statements for the Year Ended 31 December 2024 (continued)

5

TANGIBLE ASSETS

Fixtures and fittings
£

Motor vehicles
 £

Office equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2024

9,303

17,421

15,137

79,980

121,841

Additions

1,622

-

-

-

1,622

Disposals

-

-

(10,232)

-

(10,232)

At 31 December 2024

10,925

17,421

4,905

79,980

113,231

Depreciation

At 1 January 2024

4,981

7,215

12,440

55,940

80,576

Charge for the year

1,486

2,551

674

4,808

9,519

Eliminated on disposal

-

-

(10,232)

-

(10,232)

At 31 December 2024

6,467

9,766

2,882

60,748

79,863

Carrying amount

At 31 December 2024

4,458

7,655

2,023

19,232

33,368

At 31 December 2023

4,322

10,206

2,697

24,040

41,265

 

R.T.D.L. Limited

Notes to the financial statements for the Year Ended 31 December 2024 (continued)

6

STOCKS

2024
£

2023
£

Stocks

9,850

12,500

7

DEBTORS

Current

2024
£

2023
£

Trade debtors

55,825

52,221

Prepayments

894

900

 

56,719

53,121

8

CREDITORS

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

 

Loans and borrowings

10,329

10,368

Trade creditors

 

11,761

6,000

Taxation and social security

 

49,363

26,992

Accruals and deferred income

 

11,940

3,567

Other creditors

 

30

7,534

 

83,423

54,461

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Loans and borrowings

5,210

15,973