REGISTERED NUMBER: 09365897 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

R & D SHERIDAN LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTOR:

R Sheridan

REGISTERED OFFICE:

6 Bentley Mount

Leeds

West Yorkshire

LS6 4AU

REGISTERED NUMBER:

09365897 (England and Wales)

ACCOUNTANTS:

Smith Turner Chartered Accountants

Unit 7, Courtyard 31

Pontefract Road

Normanton

WF6 1JU

FIXED ASSETS

Intangible assets

4

-

1,250

Tangible assets

5

4,178

5,538

4,178

6,788

CURRENT ASSETS

Stocks

650

9,880

Debtors

6

18,419

22,709

Cash at bank

21,382

829

40,451

33,418

CREDITORS

Amounts falling due within one year

7

(32,678

)

(19,295

)

NET CURRENT ASSETS

7,773

14,123

TOTAL ASSETS LESS CURRENT LIABILITIES

11,951

20,911

CREDITORS

Amounts falling due after more than one year

8

(7,115

)

(23,528

)

PROVISIONS FOR LIABILITIES

(794

)

(1,052

)

NET ASSETS/(LIABILITIES)

4,042

(3,669

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,942

(3,769

)

SHAREHOLDERS' FUNDS

4,042

(3,669

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th September 2025 and were signed by:

R Sheridan - Director

1.	STATUTORY INFORMATION

R & D Sheridan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

Taxation

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

10,000

AMORTISATION

At 1st January 2024

8,750

Charge for year

1,250

At 31st December 2024

10,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

1,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

and 31st December 2024

18,553

DEPRECIATION

At 1st January 2024

13,015

Charge for year

1,360

At 31st December 2024

14,375

NET BOOK VALUE

At 31st December 2024

4,178

At 31st December 2023

5,538

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st January 2024

15,995

Transfer to ownership

(15,995

)

At 31st December 2024

-

DEPRECIATION

At 1st January 2024

10,934

Transfer to ownership

(10,934

)

At 31st December 2024

-

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

5,061

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

6,570

7,304

Other debtors

11,849

15,405

18,419

22,709

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

6,921

6,921

Hire purchase contracts

-

2,356

Trade creditors

18,628

10,890

Taxation and social security

3,971

(6,606

)

Other creditors

3,158

5,734

32,678

19,295

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

7,115

23,528

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

31/12/24

31/12/23

£

£

R Sheridan

Balance outstanding at start of year

12,538

19,401

Amounts advanced

10,167

12,538

Amounts repaid

(12,538

)

(19,401

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,167

12,538