Restaurant Design Associates Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06080790 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

RESTAURANT DESIGN ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A G Bradley

A D Bradley

REGISTERED OFFICE:

B5 Marquis Court

Team Valley Trading Estate

Gateshead

NE11 0RU

REGISTERED NUMBER:

06080790 (England and Wales)

ACCOUNTANTS:

Stafford Accountancy

The Yard Suite 2.2

Gill Bridge Avenue

Sunderland

Tyne and Wear

SR1 3AW

FIXED ASSETS

Tangible assets

4

292,606

368,899

CURRENT ASSETS

Stocks

5

-

80,875

Debtors

6

1,358,682

1,996,669

Cash at bank

463,778

698,672

1,822,460

2,776,216

CREDITORS

Amounts falling due within one year

7

1,551,195

1,516,802

NET CURRENT ASSETS

271,265

1,259,414

TOTAL ASSETS LESS CURRENT
LIABILITIES

563,871

1,628,313

CREDITORS

Amounts falling due after more than one
year

8

(104,684

)

(220,704

)

PROVISIONS FOR LIABILITIES

-

(3,689

)

NET ASSETS

459,187

1,403,920

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

459,087

1,403,820

SHAREHOLDERS' FUNDS

459,187

1,403,920

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 directors acknowledge their 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 Board of Directors and authorised for issue on 8th April 2025 and were signed on its behalf by:

N A G Bradley - Director

A D Bradley - Director

1.	STATUTORY INFORMATION

Restaurant Design Associates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

Over the lease period

Plant and machinery

-

30% on reducing balance

Fixtures and fittings

-

30% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

30% on reducing balance

Government grants

Grants are recognised within the financial statements in the period where there is reasonable

assurance that the grant conditions will be met and that all conditions attaching to the grant will be

complied with.

When the grant relates to an expenses, it is recognised as income over the years necessary to match the grant on a systematic basis to the costs that it intends to compensate.

Stocks and long term contracts

The company's revenue recognition policy, set out above, is central to how the company values the work it has carried out in each financial year.

These policies require forecasts to be made of the outcomes of construction contracts which require assessments and judgements to be made on the recoverability of pre-contract costs, changes in the scope of work, contract programmes, defect liabilities and changes in costs.

Other stocks are valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

COST

At 1st January 2024

170,200

6,090

42,203

Additions

-

Disposals

-

At 31st December 2024

170,200

6,090

42,203

DEPRECIATION

At 1st January 2024

3,857

5,764

30,785

Charge for year

1,810

98

3,425

Eliminated on disposal

-

At 31st December 2024

5,667

5,862

34,210

NET BOOK VALUE

At 31st December 2024

164,533

228

7,993

At 31st December 2023

166,343

326

11,418

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st January 2024

249,435

44,740

512,668

Additions

13,495

4,079

17,574

Disposals

(54,980

)

-

(54,980

)

At 31st December 2024

207,950

48,819

475,262

DEPRECIATION

At 1st January 2024

82,045

21,318

143,769

Charge for year

57,520

8,087

70,940

Eliminated on disposal

(32,053

)

-

(32,053

)

At 31st December 2024

107,512

29,405

182,656

NET BOOK VALUE

At 31st December 2024

100,438

19,414

292,606

At 31st December 2023

167,390

23,422

368,899

5.

STOCKS

2024

2023

£

Stocks

-

(8,962

)

Payments on account

-

89,837

-

80,875

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

925,305

1,044,401

Amounts owed by group undertakings

94,468

-

Amounts recoverable on contract

91,844

-

Other debtors

231,030

234,071

Directors' current accounts

-

709,179

Deferred tax asset

1,030

-

Prepayments

15,005

9,018

1,358,682

1,996,669

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other loans

56,269

55,413

Hire purchase contracts

43,114

33,614

Trade creditors

453,156

530,374

Tax

14,747

46,993

Social security and other taxes

22,842

35,668

VAT

119,991

107,498

Other creditors

100,853

116,989

Accrued expenses and deferred

income

740,223

590,253

1,551,195

1,516,802

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Other loans - 1-2 years

34,639

90,703

Hire purchase contracts

70,045

130,001

104,684

220,704

9.	SECURED DEBTS

The long-term loans are secured by a fixed and floating charge over the whole of the company's property and undertakings.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

70,000

Ordinary

£0.10

70

30,000

Ordinary A

£0.10

30

100

11.	OTHER FINANCIAL COMMITMENTS

Other financial commitments as at 31 December 2024 amounted to £16,128 (2023: £12,055).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

R D Addyman

Balance outstanding at start of year

599,917

Amounts advanced

-

10,000

Amounts repaid

(599,917

)

(10,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

599,917

A D Bradley

Balance outstanding at start of year

-

2,484

Amounts advanced

-

7,012

Amounts repaid

-

(9,496

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

13.	RELATED PARTY DISCLOSURES

During the year Mrs J Addyman, wife of director Mr R Addyman, operated a loan account with the company to record amounts due to/from the company. The amount outstanding at 31 December 2024 was £nil (2023: £109,262) due to the company.