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REGISTERED NUMBER: 05003780 (England and Wales)















R.T. Machinery Limited

Unaudited Financial Statements for the Year Ended 31 March 2022






R.T. Machinery Limited (Registered number: 05003780)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


R.T. Machinery Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Richard B Taylor
R J Biswell
Robin B Taylor





SECRETARY: R J Biswell





REGISTERED OFFICE: Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD





REGISTERED NUMBER: 05003780 (England and Wales)





ACCOUNTANTS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
R.T. Machinery Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.T. Machinery Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R.T. Machinery Limited, as a body, in accordance with the terms of our engagement letter dated 21 December 2017. Our work has been undertaken solely to prepare for your approval the financial statements of R.T. Machinery Limited and state those matters that we have agreed to state to the Board of Directors of R.T. Machinery Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.T. Machinery Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R.T. Machinery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.T. Machinery Limited. You consider that R.T. Machinery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R.T. Machinery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD


1 September 2022

R.T. Machinery Limited (Registered number: 05003780)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 216,992 171,932
216,992 171,932

CURRENT ASSETS
Stocks 878,002 739,583
Debtors 6 681,852 588,501
Cash at bank and in hand 483,063 230,804
2,042,917 1,558,888
CREDITORS
Amounts falling due within one year 7 1,364,399 990,106
NET CURRENT ASSETS 678,518 568,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

895,510

740,714

CREDITORS
Amounts falling due after more than one
year

8

238,443

236,579
NET ASSETS 657,067 504,135

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 656,967 504,035
SHAREHOLDERS' FUNDS 657,067 504,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

R.T. Machinery Limited (Registered number: 05003780)

Balance Sheet - continued
31 March 2022


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:





Richard B Taylor - Director


R.T. Machinery Limited (Registered number: 05003780)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

R.T. Machinery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and equipment - 25% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2021 - 17 ) .

R.T. Machinery Limited (Registered number: 05003780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 20,000
AMORTISATION
At 1 April 2021
and 31 March 2022 20,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures
Tools and Plant and and
equipment machinery fittings
£    £    £   
COST
At 1 April 2021 7,459 88,110 21,764
Additions - 39,692 -
Disposals - - -
At 31 March 2022 7,459 127,802 21,764
DEPRECIATION
At 1 April 2021 6,773 36,216 12,948
Charge for year 194 13,737 1,540
Eliminated on disposal - - -
At 31 March 2022 6,967 49,953 14,488
NET BOOK VALUE
At 31 March 2022 492 77,849 7,276
At 31 March 2021 686 51,894 8,816

R.T. Machinery Limited (Registered number: 05003780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2021 175,297 48,650 341,280
Additions 118,179 3,223 161,094
Disposals (70,342 ) - (70,342 )
At 31 March 2022 223,134 51,873 432,032
DEPRECIATION
At 1 April 2021 75,983 37,428 169,348
Charge for year 39,726 3,551 58,748
Eliminated on disposal (13,056 ) - (13,056 )
At 31 March 2022 102,653 40,979 215,040
NET BOOK VALUE
At 31 March 2022 120,481 10,894 216,992
At 31 March 2021 99,314 11,222 171,932

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2021 69,513 117,176 186,689
Additions 35,500 85,887 121,387
At 31 March 2022 105,013 203,063 308,076
DEPRECIATION
At 1 April 2021 22,924 53,178 76,102
Charge for year 12,313 37,472 49,785
At 31 March 2022 35,237 90,650 125,887
NET BOOK VALUE
At 31 March 2022 69,776 112,413 182,189
At 31 March 2021 46,589 63,998 110,587

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 663,061 568,791
Prepayments and accrued income 18,791 19,710
681,852 588,501

R.T. Machinery Limited (Registered number: 05003780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 59,465 36,570
Trade creditors 1,152,256 872,706
Corporation tax 8,639 3,289
Social security and other taxes 16,015 10,348
VAT 83,283 58,554
Other creditors 2,424 1,822
Accruals and deferred income 42,317 6,817
1,364,399 990,106

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 33,333 33,333
Bank loans - 2-5 years 133,334 166,667
Hire purchase contracts 71,776 36,579
238,443 236,579

9. RELATED PARTY DISCLOSURES

.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Richard B Taylor.

The ultimate controlling party is Richard B Taylor.