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Registered number: 08789241
RK Door Systems Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Balme Kitchen & Pearce Ltd
Chartered Accountants
25 Lemon Street
Truro
Cornwall
TR1 2LS
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 08789241
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 640,042 366,653
640,042 366,653
CURRENT ASSETS
Stocks 5 144,010 139,765
Debtors 6 331,610 251,129
Cash at bank and in hand 745,081 1,021,753
1,220,701 1,412,647
Creditors: Amounts Falling Due Within One Year 7 (1,028,673 ) (992,215 )
NET CURRENT ASSETS (LIABILITIES) 192,028 420,432
TOTAL ASSETS LESS CURRENT LIABILITIES 832,070 787,085
Creditors: Amounts Falling Due After More Than One Year 8 (6,233 ) (15,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,482 ) (52,668 )
NET ASSETS 780,355 718,584
CAPITAL AND RESERVES
Called up share capital 9 105 105
Income Statement 780,250 718,479
SHAREHOLDERS' FUNDS 780,355 718,584
Page 1
Page 2
For the year ending 31 October 2025 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 Income Statement.
On behalf of the board
Mr Ian Woodman
Director
21 July 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
RK Door Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08789241 . The registered office is 25 Lemon Street, Truro, TR1 2LS.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Freehold No depreciation
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 15% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 12)
14 12
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2024 155,982 216,531 216,831 589,344
Additions 302,132 - 3,362 305,494
As at 31 October 2025 458,114 216,531 220,193 894,838
Depreciation
As at 1 November 2024 - 114,191 108,500 222,691
Provided during the period - 15,351 16,754 32,105
As at 31 October 2025 - 129,542 125,254 254,796
...CONTINUED
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Net Book Value
As at 31 October 2025 458,114 86,989 94,939 640,042
As at 1 November 2024 155,982 102,340 108,331 366,653
5. Stocks
2025 2024
£ £
Stock 144,010 139,765
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors (11,136 ) 7,457
Employee loans 62,175 51,763
Prepayments and accrued income 16,956 11,430
Sales ledger control account 263,201 170,125
RK IRONMONGERY (1,101 ) -
Basepoint deposit 2,818 2,818
RKD loan account 500 500
Basepoint - deposit held (2,818 ) (2,818 )
St Agnes deposit - 9,119
Greywood Fishing Loan account 200 200
RK STEEL 815 535
331,610 251,129
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,176 2,833
Bank loans and overdrafts - 23
Corporation tax 39,363 39,938
VAT 28,631 92,702
DSL Loan account 634,259 484,259
Pensio control 2,365 2,407
Purchase ledger control account 65,215 15,831
CIS 13,509 3,059
Student loans 3,143 -
PAYE & N1 20,694 22,483
HP LOAN MERCEDES WP19NSO 4,768 12,941
...CONTINUED
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Page 6
HP LOAN WX18WTT 5,176 12,939
Accruals and deferred income 5,290 5,290
Director's loan account 205,084 297,510
1,028,673 992,215
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Lloyds Bank Loan 6,233 15,833
9. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid - 9,119
Called Up Share Capital has been paid up 105 (9,014)
Amount of Allotted, Called Up Share Capital 105 105
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