REGISTERED NUMBER: 02073214 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

RDM TEST EQUIPMENT LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

44,719

59,626

CURRENT ASSETS

Stocks

748,073

683,358

Debtors

5

1,897,216

1,841,945

Cash at bank and in hand

565,089

859,733

3,210,378

3,385,036

CREDITORS

Amounts falling due within one year

6

465,510

736,953

NET CURRENT ASSETS

2,744,868

2,648,083

TOTAL ASSETS LESS CURRENT LIABILITIES

2,789,587

2,707,709

CREDITORS

Amounts falling due after more than one year

7

(51,764

)

(138,468

)

PROVISIONS FOR LIABILITIES

(4,401

)

(4,401

)

NET ASSETS

2,733,422

2,564,840

CAPITAL AND RESERVES

Called up share capital

900

900

Retained earnings

2,732,522

2,563,940

SHAREHOLDERS' FUNDS

2,733,422

2,564,840

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

J Thorndycraft - Director

1.	STATUTORY INFORMATION

RDM Test Equipment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02073214

Registered office:

Unit 39 Golds Nursery Business Park

Jenkins Drive

Elsenham

Bishops Stortford

Hertfordshire

CM22 6JX

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 etc

-

25% on cost, 25% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 19 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

199,486

DEPRECIATION

At 1st April 2024

139,860

Charge for year

14,907

At 31st March 2025

154,767

NET BOOK VALUE

At 31st March 2025

44,719

At 31st March 2024

59,626

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

432,498

473,830

Amounts owed by group undertakings

1,402,135

1,342,510

Other debtors

62,583

25,605

1,897,216

1,841,945

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

80,374

80,404

Hire purchase contracts

8,369

10,035

Trade creditors

243,668

409,681

Taxation and social security

60,367

150,297

Other creditors

72,732

86,536

465,510

736,953

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

20,000

100,000

Hire purchase contracts

31,764

38,468

51,764

138,468

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

20,000

100,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

100,000

180,000

The bank loans are secured by fixed and floating charges over the assets and undertaking of the company.