REGISTERED NUMBER: 05809944 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

RDL Grinding Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R L Lockwood

A Lockwood

L R Lockwood

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

LE1 3RW

REGISTERED NUMBER:

05809944 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

989,061

1,193,361

989,061

1,193,361

CURRENT ASSETS

Stocks

75,000

75,000

Debtors

6

1,471,397

1,179,207

Cash at bank

449,618

525,790

1,996,015

1,779,997

CREDITORS

Amounts falling due within one year

7

(1,555,841

)

(1,456,155

)

NET CURRENT ASSETS

440,174

323,842

TOTAL ASSETS LESS CURRENT LIABILITIES

1,429,235

1,517,203

CREDITORS

Amounts falling due after more than one year

8

-

(52,648

)

PROVISIONS FOR LIABILITIES

(241,824

)

(291,887

)

NET ASSETS

1,187,411

1,172,668

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

1,187,111

1,172,368

SHAREHOLDERS' FUNDS

1,187,411

1,172,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

R L Lockwood - Director

1.	STATUTORY INFORMATION

RDL Grinding Technology 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.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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

Assets obtained under the 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.

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.

Hire purchase and leasing commitments

Assets obtained under the 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 16 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

135,000

AMORTISATION

At 1 June 2024

and 31 May 2025

135,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

3,168,884

56,440

106,930

14,538

3,346,792

Additions

-

930

61,990

-

62,920

Disposals

(55,659

)

(5,000

)

-

-

(60,659

)

At 31 May 2025

3,113,225

52,370

168,920

14,538

3,349,053

DEPRECIATION

At 1 June 2024

2,036,629

48,249

55,403

13,150

2,153,431

Charge for year

224,890

4,174

28,380

1,145

258,589

Eliminated on disposal

(47,855

)

(4,173

)

-

-

(52,028

)

At 31 May 2025

2,213,664

48,250

83,783

14,295

2,359,992

NET BOOK VALUE

At 31 May 2025

899,561

4,120

85,137

243

989,061

At 31 May 2024

1,132,255

8,191

51,527

1,388

1,193,361

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

390,888

291,462

Amounts owed by group undertakings

959,600

854,600

Other debtors

120,909

33,145

1,471,397

1,179,207

Other debtors includes prepayments and accrued income of £29,129 (2024: £25,300).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

66,758

69,300

Hire purchase contracts

-

36,106

Trade creditors

431,479

592,297

Amounts owed to group undertakings

772,704

594,011

Taxation and social security

257,488

148,741

Other creditors

27,412

15,700

1,555,841

1,456,155

Other creditors includes accruals and deferred income of £12,425 (2024: £13,150).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

-

52,648

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £13,521 (2024: £26,757).