REGISTERED NUMBER: 00662752 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2025

for

R.G.D. King Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Hope

Mrs J L Hope

SECRETARY:

Mrs J L Hope

REGISTERED OFFICE:

Pennywell House

Pennywell Road

Bristol

BS5 0TX

REGISTERED NUMBER:

00662752 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

307,282

340,456

Investments

5

1

-

307,283

340,456

CURRENT ASSETS

Stocks

20,000

9,000

Debtors

6

550,765

2,443,330

Cash at bank

7

160,040

519,255

730,805

2,971,585

CREDITORS

Amounts falling due within one year

8

229,328

199,912

NET CURRENT ASSETS

501,477

2,771,673

TOTAL ASSETS LESS CURRENT LIABILITIES

808,760

3,112,129

CREDITORS

Amounts falling due after more than one year

9

-

(3,764

)

PROVISIONS FOR LIABILITIES

(11,119

)

(22,332

)

NET ASSETS

797,641

3,086,033

CAPITAL AND RESERVES

Called up share capital

11

1,600

1,600

Capital redemption reserve

12

900

900

Retained earnings

12

795,141

3,083,533

SHAREHOLDERS' FUNDS

797,641

3,086,033

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 22nd September 2026 and were signed on its behalf by:

A R Hope - Director

1.	STATUTORY INFORMATION

R.G.D. King 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.

The financial statements are presented in Pound Sterling (£), which is the company's functional and presentation currency.

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities. These estimates are based on historical experience and other factors considered to be relevant and reasonable under the circumstances. Actual results may differ from these estimates.

The key areas of judgement and estimation uncertainty are as follows:

Revenue recognition on long-term contracts

Judgement is applied in determining the stage of completion of long-term contracts at the reporting date and the estimation of total contract revenues and costs. This impacts the amount of revenue recognised and the carrying value of amounts recoverable on long-term contracts.

Recoverability of debtors and contract balances

Estimates are made in assessing the recoverability of trade debtors and amounts recoverable on long-term contracts, taking into account customer credit risk, contractual terms and expected contract outcomes.

Useful economic lives of tangible fixed assets

The annual depreciation charge depends on the estimated useful lives of tangible fixed assets. These are based on historical experience and consideration of future expected usage and technological developments. A change in useful lives would affect the depreciation charge and the carrying value of assets.

Turnover

Turnover represents revenue recognised in respect of the provision of data and communications network services to customers during the year. Revenue is recognised when the company satisfies its performance obligations by transferring control of the promised services to the customer. For ongoing service contracts, this is typically over time as the services are provided. Where services are provided under contract over a period of time, revenue is recognised by reference to the stage of completion at the reporting date, reflecting the proportion of services delivered. Where services are provided at a point in time, revenue is recognised when the service has been completed and accepted by the customer. Turnover is measured at the fair value of consideration receivable, net of discounts, rebates, value added tax and other sales taxes.

All turnover in the current and prior year is derived from customers based in the United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - Straight line over 50 years

Plant & machinery - Straight line over 7 years

Motor vehicles - Cars Straight line over 5 years and Vans Straight line over 7 years

Computer equipment - Straight line over 3 to 5 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 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 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

Assets obtained under 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.

Leases are classified as finance leases where substantially all the risks and rewards of ownership are transferred to the company. All other leases are classified as operating leases.

Assets held under finance leases are recognised in the balance sheet and depreciated over the shorter of the lease term and economic life. The associated obligations are included in creditors.

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term.

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.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have reviewed the company’s forecasts and cash flow projections for a period of at least twelve months from the date of approval of these financial statements.

The company remains profitable and continues to generate positive operating cash flows. The directors have also considered the impact of any economic uncertainties and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2025

428,620

47,767

230,427

24,314

731,128

Additions

-

-

-

4,344

4,344

Disposals

-

-

(15,262

)

-

(15,262

)

At 31st December 2025

428,620

47,767

215,165

28,658

720,210

DEPRECIATION

At 1st January 2025

177,493

44,224

146,582

22,373

390,672

Charge for year

8,572

1,533

25,679

1,734

37,518

Eliminated on disposal

-

-

(15,262

)

-

(15,262

)

At 31st December 2025

186,065

45,757

156,999

24,107

412,928

NET BOOK VALUE

At 31st December 2025

242,555

2,010

58,166

4,551

307,282

At 31st December 2024

251,127

3,543

83,845

1,941

340,456

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st January 2025

and 31st December 2025

46,255

DEPRECIATION

At 1st January 2025

18,502

Charge for year

6,608

At 31st December 2025

25,110

NET BOOK VALUE

At 31st December 2025

21,145

At 31st December 2024

27,753

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1

At 31st December 2025

1

NET BOOK VALUE

At 31st December 2025

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Name: RDGK Properties Ltd

Registered office: United Kingdom

Nature of business: Dormant

Class of shares held: Ordinary

Proportion held: 100%

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

344,930

109,113

Amounts recoverable on long term contracts

185,369

213,402

Amounts owed by group undertakings

-

1,770,000

Other debtors

-

321,631

Prepayments

20,466

29,184

550,765

2,443,330

7.	CASH AT BANK

31.12.25

31.12.24

£

£

Bank account no. 1

103,030

171,927

Bank account no. 2

43,725

138,983

Bank account no. 3

1,621

1,600

Bank account no. 4

11,664

206,745

160,040

519,255

Cash and cash equivalents comprise cash at bank and in hand and short-term deposits with an original maturity of three months or less.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

3,763

10,862

Trade creditors

69,559

15,266

Tax

53,207

69,713

Social security and other taxes

16,546

14,760

VAT

45,422

28,195

Other creditors

22,123

9,595

Directors' current accounts

8,910

38,923

Accruals and deferred income

4,800

7,200

Accrued expenses

4,998

5,398

229,328

199,912

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

-

3,764

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

3,763

14,626

Hire purchase liabilities are secured on the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,600

Ordinary

£1

1,600

1,600

12.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1st January 2025

3,083,533

900

3,084,433

Profit for the year

131,608

131,608

Dividends

(2,420,000

)

(2,420,000

)

At 31st December 2025

795,141

900

796,041

13.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31 December 2025 (2024: nil).

14.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had no capital or other financial commitments.

15.	RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:

Directors’ current accounts

At the year end, the balance owed to directors amounted to £8,910 (2024: £38,923), which is unsecured, interest-free and repayable on demand.

Associated company transactions

At the year end, no amounts were owed by or to the company’s parent undertaking, RGDK Holdings Ltd (2024: £1,770,000).

At the year end, £24,000 (2024: £321,631) was due from Maxwell Hope Ltd, a company under common control. The balance is unsecured, interest-free and repayable on demand.

16.	POST BALANCE SHEET EVENTS

There have been no material events occurring after the reporting date that require disclosure or adjustment to the financial statements.