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Company Registration No. 15724998 (England and Wales)
The Rad Consulting Group Ltd Unaudited accounts for the year ended 31 May 2026
The Rad Consulting Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Rad Consulting Group Ltd Company Information for the year ended 31 May 2026
Director
Oshobugie Idogho
Company Number
15724998 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ United Kingdom
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The Rad Consulting Group Ltd Statement of financial position as at 31 May 2026
2026
2025
Notes
£
£
Fixed assets
Intangible assets
4
23,200
26,100
Tangible assets
5
7,005
14,001
Investments
6
4,000
-
34,205
40,101
Current assets
Debtors
7
145,816
436,001
Cash at bank and in hand
2,288
281,279
148,104
717,280
Creditors: amounts falling due within one year
8
(412,568)
(736,431)
Net current liabilities
(264,464)
(19,151)
Total assets less current liabilities
(230,259)
20,950
Creditors: amounts falling due after more than one year
9
(19,327)
-
Net (liabilities)/assets
(249,586)
20,950
Capital and reserves
Profit and loss account
(249,586)
20,950
Shareholders' funds
(249,586)
20,950
For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 August 2026 and were signed on its behalf by
Oshobugie Idogho Director Company Registration No. 15724998
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The Rad Consulting Group Ltd Notes to the Accounts for the year ended 31 May 2026
1
Statutory information
The Rad Consulting Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 15724998. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2026 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 16 May 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 33% on cost
Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2025
26,100
At 31 May 2026
26,100
Amortisation
At 1 June 2025
-
Charge for the year
2,900
At 31 May 2026
2,900
Net book value
At 31 May 2026
23,200
At 31 May 2025
26,100
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The Rad Consulting Group Ltd Notes to the Accounts for the year ended 31 May 2026
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 June 2025
21,000
At 31 May 2026
21,000
Depreciation
At 1 June 2025
6,999
Charge for the year
6,996
At 31 May 2026
13,995
Net book value
At 31 May 2026
7,005
At 31 May 2025
14,001
6
Investments
Subsidiary undertakings
£
Valuation at 1 June 2025
-
Additions
4,000
Valuation at 31 May 2026
4,000
7
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
145,816
432,078
Other debtors
-
3,923
145,816
436,001
8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
-
122,510
VAT
194,215
210,357
Trade creditors
144,769
208,383
Taxes and social security
148,517
177,727
Other creditors
56,287
17,454
Loans from directors
(141,705)
-
Deferred income
10,485
-
412,568
736,431
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
19,327
-
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The Rad Consulting Group Ltd Notes to the Accounts for the year ended 31 May 2026
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Oshobugie Idogho
-
141,705
-
141,705
-
141,705
-
141,705
11
Average number of employees
During the year the average number of employees was 14 (2025: 20).
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