IRIS Accounts Production v23.3.0.418 08009617 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080096172022-03-31080096172023-03-31080096172022-04-012023-03-31080096172021-03-31080096172021-04-012022-03-31080096172022-03-3108009617ns10:Originalns15:EnglandWales2022-04-012023-03-3108009617ns14:PoundSterlingns10:Original2022-04-012023-03-3108009617ns10:Originalns10:Director12022-04-012023-03-3108009617ns10:Original2022-04-012023-03-3108009617ns10:Originalns10:Director22022-04-012023-03-3108009617ns10:Original2023-03-3108009617ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108009617ns10:Originalns10:SmallEntities2022-04-012023-03-3108009617ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108009617ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108009617ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108009617ns10:Originalns10:FullAccounts2022-04-012023-03-3108009617ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3108009617ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108009617ns10:Original2022-03-3108009617ns10:Originalns5:CurrentFinancialInstruments2023-03-3108009617ns10:Originalns5:CurrentFinancialInstruments2022-03-3108009617ns5:ShareCapitalns10:Original2023-03-3108009617ns5:ShareCapitalns10:Original2022-03-3108009617ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108009617ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108009617ns10:Originalns5:LeaseholdImprovements2022-04-012023-03-3108009617ns10:Originalns5:PlantMachinery2022-04-012023-03-3108009617ns10:Originalns5:MotorVehicles2022-04-012023-03-3108009617ns10:Originalns5:ComputerEquipment2022-04-012023-03-3108009617ns10:Original2021-04-012022-03-3108009617ns10:Originalns5:LeaseholdImprovements2022-03-3108009617ns10:Originalns5:PlantMachinery2022-03-3108009617ns10:Originalns5:MotorVehicles2022-03-3108009617ns10:Originalns5:ComputerEquipment2022-03-3108009617ns10:Original2022-03-3108009617ns10:Originalns5:LeaseholdImprovements2023-03-3108009617ns10:Originalns5:PlantMachinery2023-03-3108009617ns10:Originalns5:MotorVehicles2023-03-3108009617ns10:Originalns5:ComputerEquipment2023-03-3108009617ns10:Originalns5:LeaseholdImprovements2022-03-3108009617ns10:Originalns5:PlantMachinery2022-03-3108009617ns10:Originalns5:MotorVehicles2022-03-3108009617ns10:Originalns5:ComputerEquipment2022-03-3108009617ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108009617ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108009617ns10:Originalns10:OrdinaryShareClass22023-03-31
REGISTERED NUMBER: 08009617 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

RETROPOWER LIMITED

RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RETROPOWER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Nathaniel Seviour
Callum Seviour





REGISTERED OFFICE: Unit 1, Oaklands Farm
Higham Lane
Wykin Village
Hinckley
Leicestershire
LE10 3EF





REGISTERED NUMBER: 08009617 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,189 92,054

CURRENT ASSETS
Stocks 21,690 11,000
Debtors 5 195,114 141,967
Cash at bank and in hand 94,285 45,934
311,089 198,901
CREDITORS
Amounts falling due within one year 6 219,820 203,650
NET CURRENT ASSETS/(LIABILITIES) 91,269 (4,749 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,458

87,305

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 182,456 87,303
SHAREHOLDERS' FUNDS 182,458 87,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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 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.

RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)

BALANCE SHEET - continued
31 MARCH 2023


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 2 November 2023 and were signed on its behalf by:




Callum Seviour - Director



Nathaniel Seviour - Director


RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Retropower 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

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.

RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 3,070 131,531 3,500 5,972 144,073
Additions 389 6,894 - 6,413 13,696
At 31 March 2023 3,459 138,425 3,500 12,385 157,769
DEPRECIATION
At 1 April 2022 1,498 43,964 2,066 4,491 52,019
Charge for year 192 11,419 287 2,663 14,561
At 31 March 2023 1,690 55,383 2,353 7,154 66,580
NET BOOK VALUE
At 31 March 2023 1,769 83,042 1,147 5,231 91,189
At 31 March 2022 1,572 87,567 1,434 1,481 92,054

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 185,119 133,982
Prepayments 9,995 7,985
195,114 141,967

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 447 -
Trade creditors 85,348 121,440
Corporation tax 33,393 9,864
Social security and other taxes 12,652 9,225
VAT 60,195 44,541
Other creditors 2,472 1,894
Directors' current accounts 23,513 15,036
Accruals and deferred income 1,800 1,650
219,820 203,650

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2