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Registered number: 04586689
R & D Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Daverns
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Herts
HP4 1EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04586689
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 22 30
22 30
CURRENT ASSETS
Stocks 6 590 563
Debtors 7 7,449 5,932
Cash at bank and in hand 33,460 36,648
41,499 43,143
Creditors: Amounts Falling Due Within One Year 8 (13,821 ) (12,777 )
NET CURRENT ASSETS (LIABILITIES) 27,678 30,366
TOTAL ASSETS LESS CURRENT LIABILITIES 27,700 30,396
PROVISIONS FOR LIABILITIES
Deferred Taxation (6 ) (8 )
NET ASSETS 27,694 30,388
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 27,594 30,288
SHAREHOLDERS' FUNDS 27,694 30,388
Page 1
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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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Ifrah
Director
11th September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R & D Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04586689 . The registered office is Unit 1 & 2, Hardy House, Northbridge Road, Berkhamsted, Herts, HP4 1EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 1,200
As at 31 December 2024 1,200
Amortisation
As at 1 January 2024 1,200
As at 31 December 2024 1,200
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 2,122 862 2,984
As at 31 December 2024 2,122 862 2,984
Depreciation
As at 1 January 2024 2,092 862 2,954
Provided during the period 8 - 8
As at 31 December 2024 2,100 862 2,962
Net Book Value
As at 31 December 2024 22 - 22
As at 1 January 2024 30 - 30
6. Stocks
2024 2023
£ £
Materials 590 563
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,788 3,521
Other debtors 1,661 2,411
7,449 5,932
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,950 4,153
Corporation tax 8,121 6,489
Other taxes and social security - 618
Other creditors 618 -
Accruals and deferred income 2,000 -
Director's loan account 1,132 1,517
13,821 12,777
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Robert Ifrah 37,250 15,000
Page 5