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RADOX RADIATORS LTD - Company Information

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Radox Radiators Ltd

Registered Number:07056324

For the year ended 31 March 2023

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2023

Radox Radiators Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

07056324

As at 31 March 2023

Radox Radiators Ltd

Statement of Financial Position

2022

2023

Notes

Fixed assets

Property, plant and equipment

28,850

43,117

28,850

43,117

Current assets

Inventories

500,690

521,906

Trade and other receivables

313,277

192,893

25,610

Cash and cash equivalents

167,667

882,466

839,577

Trade and other payables: amounts falling due within one

year

(352,442)

(370,912)

487,135

511,554

Net current assets

Total assets less current liabilities

540,404

530,252

Trade and other payables: amounts falling due after more

than one year

(52,842)

(28,236)

512,168

Net assets

477,410

Capital and reserves

Called up share capital

100

Retained earnings

512,068

477,310

512,168

477,410

Shareholders' funds

For the year ended 31 March 2023 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 31 March 2023 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his 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.

Mr Florin Neacsu Director

These financial statements were approved and authorised for issue by the Board on 08 June 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2023

Radox Radiators Ltd

Notes to the Financial Statements

Statutory Information

Radox Radiators Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration

number 07056324.

Registered address:

Unit 3 Midlands Industrial Estate

Holt

Trowbridge

Wiltshire

BA14 6RU

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.

2. Property, plant and equipment

Total

Computer

Equipment

Furniture and

Fittings

Motor

Vehicles

Cost or

valuation

At 01 April 2022

88,762

18,249

19,801

50,712

34,285

2,677

275

31,333

Additions

(47,617)

Disposals

(47,617)

At 31 March 2023

34,428

20,076

20,926

75,430

Provision for depreciation and impairment

At 01 April 2022

45,645

14,734

17,464

13,447

Charge for year

7,808

1,251

737

5,820

(6,873)

On disposal

At 31 March 2023

46,580

15,985

18,201

12,394

At 31 March 2023

Net book value

22,034

1,875

4,941

28,850

At 31 March 2022

37,265

2,337

3,515

43,117

3. Inventories

2022

2023

Stocks

521,906

500,690

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For the year ended 31 March 2023

Radox Radiators Ltd

Notes to the Financial Statements Continued

4. Trade and other receivables

2022

2023

Trade debtors

174,913

214,312

Other debtors

17,980

98,965

313,277

192,893

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

2022

2023

Bank loans and overdraft (secured)

10,000

Bank loans and overdraft

436

304

Trade creditors

276,969

234,815

Taxation and social security

76,836

100,212

Other creditors

6,671

7,111

370,912

352,442

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

2022

2023

Bank loans and overdraft

5,736

20,342

Bank loans and overdraft (secured)

22,500

32,500

28,236

52,842

7. Average number of persons employed

During the year the average number of employees was 4 (2022 : 5)

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