Company No: 01139414 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	A Crawford
	A Crawford
	M Crawford

SECRETARY

A Crawford

REGISTERED OFFICE	5 Ifield Road
	Crawley
	West Sussex
	RH11 7AP
	United Kingdom

COMPANY NUMBER

01139414 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	12,062		18,225
Tangible assets	4	70,767		48,599
		82,829		66,824
Current assets
Stocks	5	269,869		254,503
Debtors	6	87,429		129,701
Cash at bank and in hand	7	464,971		445,444
		822,269		829,648
Creditors: amounts falling due within one year	8	( 360,626)		( 393,013)
Net current assets		461,643		436,635
Total assets less current liabilities		544,472		503,459
Creditors: amounts falling due after more than one year	9	( 8,479)		( 8,514)
Provision for liabilities	10	( 7,988)		( 8,341)
Net assets		528,005		486,604
Capital and reserves
Called-up share capital		130,300		130,300
Capital redemption reserve		65,150		65,150
Profit and loss account		332,555		291,154
Total shareholders' funds		528,005		486,604

For the financial year ending 31 October 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 financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Road Radio Limited (registered number: 01139414) were approved and authorised for issue by the Board of Directors on 15 August 2025. They were signed on its behalf by:

A Crawford Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Road Radio Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Ifield Road, Crawley, West Sussex, RH11 7AP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

25 % reducing balance

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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.

Borrowing costs

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	14		13

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 November 2023	24,650		24,650
At 31 October 2024	24,650		24,650
Accumulated amortisation
At 01 November 2023	6,425		6,425
Charge for the financial year	6,163		6,163
At 31 October 2024	12,588		12,588
Net book value
At 31 October 2024	12,062		12,062
At 31 October 2023	18,225		18,225

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 November 2023	2,424		97,146		31,607		1,237		132,414
Additions	0		42,691		0		1,607		44,298
Disposals	0		( 24,284)		0		0		( 24,284)
At 31 October 2024	2,424		115,553		31,607		2,844		152,428
Accumulated depreciation
At 01 November 2023	2,181		52,854		28,574		206		83,815
Charge for the financial year	61		17,071		758		449		18,339
Disposals	0		( 20,493)		0		0		( 20,493)
At 31 October 2024	2,242		49,432		29,332		655		81,661
Net book value
At 31 October 2024	182		66,121		2,275		2,189		70,767
At 31 October 2023	243		44,292		3,033		1,031		48,599
Leased assets included above:
Net book value
At 31 October 2024	0		39,659		0		0		39,659
At 31 October 2023	0		14,906		0		0		14,906

5. Stocks

	2024		2023
	£		£
Stocks	269,869		254,503

6. Debtors

	2024		2023
	£		£
Trade debtors	76,930		106,450
S455	0		1,225
Other debtors	10,499		22,026
	87,429		129,701

7. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	464,971		445,444

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	254,315		304,571
Corporation tax	12,788		3,538
Other taxation and social security	48,467		41,868
Obligations under finance leases and hire purchase contracts (secured £24,033)	15,553		6,051
Other creditors	29,503		36,985
	360,626		393,013

9. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Obligations under finance leases and hire purchase contracts (secured)	8,479		8,514

10. Provision for liabilities

	2024		2023
	£		£
Deferred tax	7,988		8,341

	Deferred taxation		Total
	£		£
At 01 November 2023	8,341		8,341
Credited to the Statement of Income and Retained Earnings	( 353)		( 353)
At 31 October 2024	7,988		7,988

Deferred tax

	2024		2023
	£		£
Accelerated capital allowances	8,132		8,711
Tax losses available	0		( 268)
Other timing differences	( 144)		( 102)
Provision for deferred tax	7,988		8,341

11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	49,500		49,500
between one and five years	99,000		148,500
	148,500		198,000

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2024		2023
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	1,649		1,552