Company Registration No. 02651439 (England and Wales)
RADIO SYSTEMS INFORMATION LIMITED
Unaudited accounts
for the year ended 31 December 2024
RADIO SYSTEMS INFORMATION LIMITED
Unaudited accounts
Contents
RADIO SYSTEMS INFORMATION LIMITED
Company Information
for the year ended 31 December 2024
Company Number
02651439 (England and Wales)
Registered Office
Kingswear House
High Street
Cranbrook
Kent
TN17 3EW
RADIO SYSTEMS INFORMATION LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
20,547
23,544
Cash at bank and in hand
351,074
218,895
Creditors: amounts falling due within one year
(58,644)
(12,640)
Net current assets
353,046
234,524
Total assets less current liabilities
373,593
258,068
Provisions for liabilities
Other provisions
(931)
(1,074)
Net assets
372,662
256,994
Called up share capital
100
100
Profit and loss account
372,562
256,894
Shareholders' funds
372,662
256,994
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 May 2025 and were signed on its behalf by
E Douglas
Director
Company Registration No. 02651439
RADIO SYSTEMS INFORMATION LIMITED
Notes to the Accounts
for the year ended 31 December 2024
RADIO SYSTEMS INFORMATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02651439. The registered office is Kingswear House, High Street, Cranbrook , Kent, TN17 3EW.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
RADIO SYSTEMS INFORMATION LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Revenues comprise sales to outside customers after discounts, excluding value added tax. Income is recognised when the significant risks and rewards of ownership of the services are transferred to the customer, the sales price agreed and the receipt of payment can be assured. Revenue from services are treated as a single contract
where they have been negotiated as a single commercial package and are so closely interrelated that they do not operate independently of each other.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
66,481
16,662
865
16,493
100,501
Additions
-
-
-
3,152
3,152
At 31 December 2024
66,481
16,662
865
19,645
103,653
At 1 January 2024
54,881
7,989
694
13,393
76,957
Charge for the year
2,900
2,168
43
1,038
6,149
At 31 December 2024
57,781
10,157
737
14,431
83,106
At 31 December 2024
8,700
6,505
128
5,214
20,547
At 31 December 2023
11,600
8,673
171
3,100
23,544
Amounts falling due within one year
Trade debtors
58,046
24,432
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
46,135
7,908
Loans from directors
9,149
-
RADIO SYSTEMS INFORMATION LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
During the year the company was under the control of Mr E Douglas.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).