Radnor Oak Limited,Ltd - AccountsLtd - Accounts

RADNOR OAK LIMITED - Company Information

2021-07-01 09045205 2022-06-30 09045205 2021-07-01 2022-06-30 09045205 2021-06-30 09045205 2020-07-01 2021-06-30 09045205 uk-core:WithinOneYear 2021-06-30 09045205 uk-core:WithinOneYear 2022-06-30 09045205 uk-core:AfterOneYear 2021-06-30 09045205 uk-core:AfterOneYear 2022-06-30 09045205 uk-core:ShareCapital 2022-06-30 09045205 uk-core:ShareCapital 2021-06-30 09045205 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 09045205 uk-core:RetainedEarningsAccumulatedLosses 2021-06-30 09045205 uk-bus:Director1 2021-07-01 2022-06-30 09045205 uk-core:NetGoodwill 2021-07-01 2022-06-30 09045205 uk-core:LeaseholdImprovements 2021-07-01 2022-06-30 09045205 uk-core:PlantMachinery 2021-07-01 2022-06-30 09045205 uk-core:CommercialMotorVehicles 2021-07-01 2022-06-30 09045205 uk-core:FurnitureFittings 2021-07-01 2022-06-30 09045205 uk-core:Goodwill 2021-06-30 09045205 uk-core:Goodwill 2022-06-30 09045205 uk-core:Goodwill 2021-07-01 2022-06-30 09045205 uk-core:FurnitureFittings 2021-06-30 09045205 uk-core:CommercialMotorVehicles 2021-06-30 09045205 uk-core:PlantMachinery 2021-06-30 09045205 uk-core:LeaseholdImprovements 2021-06-30 09045205 uk-core:PlantMachinery 2022-06-30 09045205 uk-core:CommercialMotorVehicles 2022-06-30 09045205 uk-core:FurnitureFittings 2022-06-30 09045205 uk-core:LeaseholdImprovements 2022-06-30 09045205 uk-core:WithinOneYear uk-core:Secured 2022-06-30 09045205 uk-core:WithinOneYear uk-core:Secured 2021-06-30 09045205 uk-core:BetweenTwoFiveYears 2021-06-30 09045205 uk-core:BetweenTwoFiveYears 2022-06-30 iso4217:GBP xbrli:pure 09045205 uk-bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 09045205 uk-bus:FRS102 2021-07-01 2022-06-30 09045205 uk-bus:FullAccounts 2021-07-01 2022-06-30 09045205 uk-bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30

Radnor Oak Limited

Registered Number:09045205

For the year ended 30 June 2022

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2022

Radnor Oak Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

09045205

As at 30 June 2022

Radnor Oak Limited

Statement of Financial Position

2021

2022

Notes

Fixed assets

Intangible assets

70,000

80,000

Property, plant and equipment

138,160

105,659

208,160

185,659

Current assets

Inventories

25,300

109,575

Trade and other receivables

25,911

59,668

198,130

Cash and cash equivalents

122,391

291,634

249,341

Trade and other payables: amounts falling due within one

year

(204,760)

(194,503)

44,581

97,131

Net current assets

Total assets less current liabilities

305,291

230,240

Trade and other payables: amounts falling due after more

than one year

(57,022)

(60,019)

(26,250)

(20,075)

Provisions for liabilities

219,022

Net assets

153,143

Capital and reserves

Called up share capital

Retained earnings

219,020

153,141

219,022

153,143

Shareholders' funds

For the year ended 30 June 2022 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 of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Registered Number :

09045205

For the year ended 30 June 2022

Radnor Oak Limited

Statement of Financial Position Continued

AW Tyler Director

These financial statements were approved and authorised for issue by the Board on 20 January 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2022

Radnor Oak Limited

Notes to the Financial Statements

Statutory Information

Radnor Oak Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 09045205.

Registered address:

Unit 13 Broadaxe Business Park

Presteigne

Powys

LD8 2UH

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 15 years.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Tenants Improvements

25% Straight line

Plant and Machinery

20% Reducing balance

25% Reducing balance

Motor Vehicles

30% Reducing balance

Furniture and Fittings

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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For the year ended 30 June 2022

Radnor Oak Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 July 2021

150,000

At 30 June 2022

150,000

Amortisation

At 01 July 2021

70,000

10,000

Charge for year

At 30 June 2022

80,000

Net book value

At 30 June 2022

70,000

At 30 June 2021

80,000

3. Property, plant and equipment

Total

Furniture and

Fittings

Motor Vehicles

Plant and

Machinery

Tenants

Improvements

Cost or

valuation

At 01 July 2021

197,655

37,242

51,925

97,688

10,800

73,772

3,170

44,232

26,370

Additions

At 30 June 2022

124,058

96,157

40,412

271,427

10,800

Provision for depreciation and impairment

At 01 July 2021

91,996

28,155

12,981

40,060

10,800

Charge for year

41,271

3,677

20,794

16,800

At 30 June 2022

133,267

31,832

33,775

56,860

10,800

At 30 June 2022

Net book value

67,198

62,382

8,580

138,160

At 30 June 2021

57,628

38,944

9,087

105,659

4. Inventories

2021

2022

Stocks

109,575

25,300

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For the year ended 30 June 2022

Radnor Oak Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2021

2022

Trade debtors

53,107

22,034

Prepayments and accrued income

4,823

3,877

Taxation and social security

1,738

25,911

59,668

6. Trade and other payables: amounts falling due within one year

2021

2022

Bank loans and overdraft (secured)

9,769

10,000

Trade creditors

143,718

92,130

Taxation and social security

28,861

36,219

Accruals and deferred income

3,505

56,442

Directors' loan accounts

2,000

6,504

Obligations under HP/Financial leases

4,882

2,108

Other creditors

1,768

1,357

194,503

204,760

7. Trade and other payables: amounts falling due after more than one year

2021

2022

Bank loans and overdraft (secured)

29,628

39,167

17,855

30,391

Obligations under HP/Financial leases

60,019

57,022

8. Related party transactions

During the year, the company purchased materials, labour and services from a connected company, Radnor Timber

Limited totalling £487438 (2021: £397183). At the year end there was £46736 owed to Radnor Timber Limited.

9. Guarantees and other financial commitments

Guarantees and contingent assets and liabilities

Natwest bank have a floating charge over the assets of the company.

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For the year ended 30 June 2022

Radnor Oak Limited

Notes to the Financial Statements Continued

Lease commitments

At 30 June 2022 the company had annual commitments under non-cancellable operating leases as set out below:

2021

2022

Operating leases which expire:

8,125

12,000

Within 1 year

14,000

6,625

Within 2 to 5 years

14,750

26,000

10. Average number of persons employed

During the year the average number of employees was 4 (2021 : 3)

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