RDS Global Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03380944 (England and Wales)

RDS GLOBAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Flinn

P C Harvey

R Kay

SECRETARY:

A D Flinn

REGISTERED OFFICE:

Century House

St James Court

Friar Gate

Derby

Derbyshire

DE1 1BT

REGISTERED NUMBER:

03380944 (England and Wales)

ACCOUNTANTS:

Maple Accountancy Group Ltd

83 Friar Gate

Derby

Derbyshire

DE1 1FL

FIXED ASSETS

Intangible assets

4

1,300,050

1,024,225

Tangible assets

5

194,209

9,877

1,494,259

1,034,102

CURRENT ASSETS

Stocks

14,795

57,757

Debtors

478,776

395,568

Cash in hand

500

500

494,071

453,825

CREDITORS

Amounts falling due within one year

1,560,399

1,284,484

NET CURRENT LIABILITIES

(1,066,328

)

(830,659

)

TOTAL ASSETS LESS CURRENT LIABILITIES

427,931

203,443

CAPITAL AND RESERVES

Called up share capital

20,100

20,100

Retained earnings

407,831

183,343

427,931

203,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 14 August 2019 and were signed on its behalf by:

A D Flinn - Director

1.	STATUTORY INFORMATION

RDS Global 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Intangible 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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

-

15% 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 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

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 31 (2017 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

1,153,380

Additions

275,825

At 31 December 2018

1,429,205

AMORTISATION

At 1 January 2018

and 31 December 2018

129,155

NET BOOK VALUE

At 31 December 2018

1,300,050

At 31 December 2017

1,024,225

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

443,281

Additions

192,134

At 31 December 2018

635,415

DEPRECIATION

At 1 January 2018

433,404

Charge for year

7,802

At 31 December 2018

441,206

NET BOOK VALUE

At 31 December 2018

194,209

At 31 December 2017

9,877