RD1 Clothing Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13724317 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2025

FOR

RD1 CLOTHING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTOR:

M C Whiteman

REGISTERED OFFICE:

41 Havelock Road

Hastings

East Sussex

TN34 1BE

REGISTERED NUMBER:

13724317 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

16,826

20,484

CURRENT ASSETS

Stocks

75,000

64,658

Debtors

5

3,750

Cash at bank and in hand

11,381

1,765

90,131

70,173

CREDITORS

Amounts falling due within one year

6

82,474

70,501

NET CURRENT ASSETS/(LIABILITIES)

7,657

(328

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,483

20,156

CREDITORS

Amounts falling due after more than one
year

7

(83,476

)

(24,320

)

PROVISIONS FOR LIABILITIES

(3,222

)

(4,772

)

NET LIABILITIES

(62,215

)

(8,936

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(62,216

)

(8,937

)

(62,215

)

(8,936

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2025 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 8 December 2025 and were signed by:

M C Whiteman - Director

1.	STATUTORY INFORMATION

RD1 Clothing 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.

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.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements. Although current liabilities exceed current assets, the company has the full support of the directors and the intention to trade as normal going forward. The accounts have therefore been prepared on the assumption that the company will continue to trade for more than 12 months.

On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover

Turnover represents the net invoices sales of goods, excluding value added tax. Turnover is recognised when the company receives the right to consideration.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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 period 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 period 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 period was 5 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 December 2023

4,140

16,109

5,284

1,193

26,726

Additions

-

946

1,182

2,128

At 31 May 2025

4,140

16,109

6,230

2,375

28,854

DEPRECIATION

At 1 December 2023

622

3,581

1,362

677

6,242

Charge for period

620

3,505

942

719

5,786

At 31 May 2025

1,242

7,086

2,304

1,396

12,028

NET BOOK VALUE

At 31 May 2025

2,898

9,023

3,926

979

16,826

At 30 November 2023

3,518

12,528

3,922

516

20,484

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

30.11.23

£

Other debtors

3,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

30.11.23

£

Bank loans and overdrafts

30,751

4,868

Hire purchase contracts (see note 8)

-

2,123

Trade creditors

35,105

25,131

Social security and other taxes

1,453

169

VAT

10,819

3,521

Other creditors

1,148

32,539

Directors' current accounts

310

214

Accruals and deferred income

812

390

Accrued expenses

2,076

1,546

82,474

70,501

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

30.11.23

£

Bank loans - 1-2 years

33,979

5,185

Bank loans - 2-5 years

49,497

7,886

Hire purchase contracts (see note 8)

-

11,249

83,476

24,320

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.5.25

30.11.23

£

Gross obligations repayable:

Within one year

-

3,827

Between one and five years

-

14,033

-

17,860

Finance charges repayable:

Within one year

-

1,704

Between one and five years

-

2,784

-

4,488

Net obligations repayable:

Within one year

-

2,123

Between one and five years

-

11,249

-

13,372

Non-cancellable

operating leases

31.5.25

30.11.23

£

Within one year

8,750

17,500

Between one and five years

-

17,500

8,750

35,000

9.	RELATED PARTY DISCLOSURES

At the year end the company owed the director £310 (2022:£15,021). The loan is interest free and payable on demand.

10.

DIVIDENDS

The director acknowledges that excess dividends have been distributed. The director is the sole shareholder and they are aware that they may be required to repay the dividends to the company if necessary.

11.	GOING CONCERN

Further to note 2, the director has made an assessment about the company's ability to continue as a going concern and while technically insolvent has confirmed his continued ongoing support of the business.

The director is therefore satisfied that the company can continue in operational existence and meet its liabilities as they fall due for the foreseeable future.

As a result the going concern basis of accounting has been adopted.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RD1 Clothing Ltd for the period ended 31 May 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of RD1 Clothing Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RD1 Clothing Ltd and state those matters that we have agreed to state to the director of RD1 Clothing Ltd in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RD1 Clothing Ltd and its director for our work or for this report.

It is your duty to ensure that RD1 Clothing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of RD1 Clothing Ltd. You consider that RD1 Clothing Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of RD1 Clothing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

8 December 2025