Company Registration No. 2191119 (England and Wales)
The Resource Development Centre Limited
Unaudited accounts
for the year ended 31 March 2019
The Resource Development Centre Limited
Unaudited accounts
Contents
The Resource Development Centre Limited
Company Information
for the year ended 31 March 2019
Directors
Michelle Fuller
Alan McCarthy
Company Number
2191119 (England and Wales)
Registered Office
18 ARKWRIGHT SUITE COPPULL BUSINESS CEN
MILL LANE
COPPULL
LANCASHIRE
PR7 5BW
GB
Accountants
Woodville Accountancy
Unit 20B, Yarrow Business Centre
Yarrow Road
Chorley
Lancs
PR6 0LP
The Resource Development Centre Limited
Statement of financial position
as at
31 March 2019
Tangible assets
16,510
18,775
Cash at bank and in hand
(29,290)
(24,714)
Creditors: amounts falling due within one year
(179,267)
(223,828)
Net current liabilities
(38,813)
(84,023)
Net liabilities
(22,303)
(65,248)
Called up share capital
100
100
Profit and loss account
(22,403)
(65,348)
Shareholders' funds
(22,303)
(65,248)
For the year ending 31 March 2019 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 5 November 2019.
Michelle Fuller
Director
Company Registration No. 2191119
The Resource Development Centre Limited
Notes to the Accounts
for the year ended 31 March 2019
The Resource Development Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 2191119. The registered office is 18 ARKWRIGHT SUITE COPPULL BUSINESS CEN, MILL LANE, COPPULL, LANCASHIRE, PR7 5BW, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
20% reducing balance basis
Computer equipment
20% straight line basis
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
24,318
40,910
9,759
74,987
Additions
-
-
1,891
1,891
At 31 March 2019
24,318
40,910
11,650
76,878
At 1 April 2018
23,493
24,334
8,385
56,212
Charge for the year
188
3,315
653
4,156
At 31 March 2019
23,681
27,649
9,038
60,368
At 31 March 2019
637
13,261
2,612
16,510
At 31 March 2018
825
16,576
1,374
18,775
The Resource Development Centre Limited
Notes to the Accounts
for the year ended 31 March 2019
Trade debtors
87,746
114,322
Accrued income and prepayments
1,525
1,525
Other debtors
80,473
48,672
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Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
313
313
Trade creditors
9,474
8,866
Taxes and social security
(5,453)
28,650
Other creditors
63,588
54,246
Loans from directors
102,439
122,847
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Transactions with related parties
The amount due from The Virtual Coach Limited, a company which is related by virtue of common control at the year end, included in creditors was £NIL (2018: -£44,550). During the year £NIL (2018: £9,656) of expenses were paid for on behalf of The Virtual Coach Limited and £NIL (2018: £101,983) of net payments were received. Management fees for the amount of £NIL (2018: £38,400) were due from The Virtual Coach Limited during the year.
During the year the company received monies on behalf of RDC Publishing Limited, a company in which shares have been aquired, totalling £NlL (2018: £NIL) and paid expenses of £NIL (2018: £NIL). The balance due from that company as at 31 March 2019 is £20,544
During the year the company loaned money to and paid expenses on behalf of Camila Prada Tableware Limited, a company in which shares have been aquired, totalling £1,073 (2018: £0). The balance due from that company as at 31 March 2018 was £21,510 (2016: £20,347).
During the year the company paid expenses on behalf of Stephen Collett, a sole trader. The company
advanced monies totaling £NIL (2018: £NIL) and received monies totalling £NIL (2018: £NIL). The balance due from that business as at 31 March 2019 was £16,205 (2018: £16,205).
The amount owed to A D McCarthy, a director of the company, included in creditors at the year end was £105,106 (2018: £122,847). The movement consisted of £14,150 (2018: £34,946) being introduced by Mr McCarthy, £18,248 (2018:£10,000) being repaid to Mr McCarthy and the company paying £17,986 (2018: £30,114) of private expenses.
The Company is controlled by A D McCarthy, by virtue of his majority shareholding.
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Average number of employees
During the year the average number of employees was 1 (2018: 6).