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Financial Statements for the Year Ended 30th September 2018 |
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RDP Payroll Services Ltd |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 30th September 2018 |
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for |
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RDP Payroll Services Ltd |
RDP Payroll Services Ltd (Registered number: 04458882) |
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Contents of the Financial Statements |
for the Year Ended 30th September 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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RDP Payroll Services Ltd |
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Company Information |
for the Year Ended 30th September 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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RDP Payroll Services Ltd (Registered number: 04458882) |
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Balance Sheet |
30th September 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Prepayments and accrued income |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
RDP Payroll Services Ltd (Registered number: 04458882) |
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Balance Sheet - continued |
30th September 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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RDP Payroll Services Ltd (Registered number: 04458882) |
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Notes to the Financial Statements |
for the Year Ended 30th September 2018 |
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1. | STATUTORY INFORMATION |
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RDP Payroll Services Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Goodwill |
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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. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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RDP Payroll Services Ltd (Registered number: 04458882) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th September 2018 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1st October 2017 |
and 30th September 2018 |
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AMORTISATION |
At 1st October 2017 |
and 30th September 2018 |
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NET BOOK VALUE |
At 30th September 2018 |
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At 30th September 2017 |
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5. | FIXED ASSET INVESTMENTS |
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2018 | 2017 |
£ | £ |
Shares in group undertakings |
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Loans to group undertakings |
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Additional information is as follows: |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
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At 30th September 2018 |
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NET BOOK VALUE |
At 30th September 2018 |
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Loans to |
group |
undertakings |
£ |
New in year |
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At 30th September 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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RDP Payroll Services Ltd (Registered number: 04458882) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th September 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Other loans more 5yrs instal | 477,333 | - |
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9. | RELATED PARTY DISCLOSURES |
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Mr Ponsford and Mr Davies are directors and shareholders of RDP Consulting Ltd. RDP Payroll Services Ltd |
charged £40,000 (2017: £40,000), excluding VAT, for services to this company during the year. The balance |
owed to RDP Consulting at the year end was £13,573 (2017: (£17,627)). |
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Mr Ponsford and Mr Davies are directors and shareholders of RDP Consulting (Chelmsford) Ltd. RDP Payroll |
Services Ltd charged £40,000 (2017: £40,000), excluding VAT, for services to this company during the year. |
The balance owed from RDP Consulting (Chelmsford) Ltd at the year end was £81,000 (2017: £33,000). |
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Mr Ponsford and Mr Davies are directors and shareholders of RDP Payroll Services Ltd. RDP Payroll Services |
Ltd owned the majority of the voting share capital in Colehouse Ltd. The balance owed by Colehouse Ltd to the |
company at the year end was £512,420. Services to the value of £51,280, excluding VAT were provided during |
the year. Loans of £500,000 were advanced to Colehouse Ltd during the year. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company was under the control of the directors during the account year who, between them, owned 100% of |
the company's share capital. |