Radnor Oak Limited,Ltd - AccountsLtd - Accounts

RADNOR OAK LIMITED - Company Information

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Radnor Oak Limited

Registered Number:09045205

For the year ended 30 June 2023

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2023

Radnor Oak Limited

Contents Page

Statement of Financial Position

2 to 6

Notes to the Financial Statements

Registered Number :

09045205

As at 30 June 2023

Radnor Oak Limited

Statement of Financial Position

2022

2023

Notes

Fixed assets

Intangible assets

60,000

70,000

Property, plant and equipment

108,251

138,160

168,251

208,160

Current assets

Inventories

109,575

96,000

Trade and other receivables

59,668

63,203

122,391

Cash and cash equivalents

40,574

199,777

291,634

Trade and other payables: amounts falling due within one

year

(194,503)

(111,411)

97,131

88,366

Net current assets

Total assets less current liabilities

256,617

305,291

Trade and other payables: amounts falling due after more

than one year

(60,019)

(45,921)

(20,568)

(26,250)

Provisions for liabilities

190,128

Net assets

219,022

Capital and reserves

Called up share capital

Retained earnings

190,126

219,020

190,128

219,022

Shareholders' funds

For the year ended 30 June 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 30 June 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.

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Registered Number :

09045205

For the year ended 30 June 2023

Radnor Oak Limited

Statement of Financial Position Continued

AW Tyler Director

These financial statements were approved and authorised for issue by the Board on 13 December 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2023

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 3 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 2023

Radnor Oak Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 July 2022

150,000

At 30 June 2023

150,000

Amortisation

At 01 July 2022

80,000

10,000

Charge for year

At 30 June 2023

90,000

Net book value

At 30 June 2023

60,000

At 30 June 2022

70,000

3. Property, plant and equipment

Total

Furniture and

Fittings

Motor Vehicles

Plant and

Machinery

Tenants

Improvements

Cost or

valuation

At 01 July 2022

271,427

40,412

96,157

124,058

10,800

51,758

4,028

46,845

885

Additions

(49,726)

(20,711)

Disposals

(70,437)

At 30 June 2023

104,232

93,276

44,440

252,748

10,800

Provision for depreciation and impairment

At 01 July 2022

133,267

31,832

33,775

56,860

10,800

Charge for year

33,489

3,782

19,404

10,303

(22,259)

(18,117)

(4,142)

On disposal

At 30 June 2023

144,497

35,614

35,062

63,021

10,800

At 30 June 2023

Net book value

41,211

58,214

8,826

108,251

At 30 June 2022

67,198

62,382

8,580

138,160

4. Inventories

2022

2023

Stocks

96,000

109,575

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For the year ended 30 June 2023

Radnor Oak Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2022

2023

Trade debtors

43,669

53,107

Prepayments and accrued income

15,583

4,823

Taxation and social security

1,738

Other debtors

3,951

59,668

63,203

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

2022

2023

Bank loans and overdraft

9,506

9,769

Trade creditors

66,055

143,718

Taxation and social security

21,984

28,861

Accruals and deferred income

3,000

3,505

Directors' loan accounts

3,723

2,000

Obligations under HP/Financial leases

6,774

4,882

Other creditors

369

1,768

111,411

194,503

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

2022

2023

Bank loans and overdraft

20,385

29,628

30,391

25,536

Obligations under HP/Financial leases

45,921

60,019

8. Related party transactions

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

Limited totalling £433161 (2022: £487438). At the year end there was £27100 (2022: £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 2023

Radnor Oak Limited

Notes to the Financial Statements Continued

Lease commitments

At 30 June 2023 the company had annual commitments under non-cancellable operating leases as set out below:

2022

2023

Operating leases which expire:

32,000

8,125

Within 1 year

6,625

18,667

Within 2 to 5 years

50,667

14,750

10. Average number of persons employed

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

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