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REGISTERED NUMBER: 05165838 (England and Wales)















B & T REWINDS (HOLDINGS) LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2023






B & T REWINDS (HOLDINGS) LIMITED (REGISTERED NUMBER: 05165838)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


B & T REWINDS (HOLDINGS) LIMITED

Company Information
for the year ended 31 May 2023







Directors: Mr B Phelps
Mr D Phelps



Registered office: 134 Brearley Street
Hockley
Birmingham
West Midlands
B19 3XJ



Registered number: 05165838 (England and Wales)



Accountants: Haines Watts Birmingham LLP
5-6 Greenfield Crescent
Edgbaston
Birmingham
West Midlands
B15 3BE



Bankers: Barclays Bank plc
P O Box 9
Dudley
West Midlands
DY1 1PP

B & T REWINDS (HOLDINGS) LIMITED (REGISTERED NUMBER: 05165838)

Statement of Financial Position
31 May 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 3,000 3,000

Current assets
Debtors 5 122,713 131,751
Cash at bank 14,961 9,302
137,674 141,053
Creditors
Amounts falling due within one year 6 22,706 12,339
Net current assets 114,968 128,714
Total assets less current liabilities 117,968 131,714

Creditors
Amounts falling due after more than one
year

7

(77,315

)

(90,701

)

Accruals and deferred income 8 (27,153 ) (28,614 )
Net assets 13,500 12,399

Capital and reserves
Called up share capital 9 3,000 3,000
Retained earnings 10,500 9,399
Shareholders' funds 13,500 12,399

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:




Mr D Phelps - Director


B & T REWINDS (HOLDINGS) LIMITED (REGISTERED NUMBER: 05165838)

Notes to the Financial Statements
for the year ended 31 May 2023

1. Statutory information

B & T Rewinds (Holdings) 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 statement of financial position date.

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.

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.

Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

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

B & T REWINDS (HOLDINGS) LIMITED (REGISTERED NUMBER: 05165838)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 June 2022
and 31 May 2023 3,000
Net book value
At 31 May 2023 3,000
At 31 May 2022 3,000

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

B & T Rewinds Limited
Registered office: 134 Brearley Street, Hockley, Birmingham, West Midlands, B19 3XJ
Nature of business: Electrical and mechanical engineering
%
Class of shares: holding
Ordinary £1 100.00

5. Debtors: amounts falling due within one year
2023 2022
£ £
Amounts owed by group undertakings 122,513 131,551
Other debtors 200 200
122,713 131,751

6. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings 10,348 -
Tax 258 239
Directors' loan accounts 11,100 11,100
Accruals and deferred income 1,000 1,000
22,706 12,339

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Directors' loan accounts 77,315 90,701

8. Accruals and deferred income
2023 2022
£ £
Deferred government grants 27,153 28,614

B & T REWINDS (HOLDINGS) LIMITED (REGISTERED NUMBER: 05165838)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
3,000 Ordinary £1 3,000 3,000

10. Related party transactions

The company and its subsidiary undertaking, B & T Rewinds Limited, are both ultimately controlled by Mr D Phelps, a director.

Included in creditors (2022: debtors) is a balance of £10,348 (2022: £15,038) due from B & T Rewinds Limited and a balance of £122,513 (2022: £116,513) due from B & T Rewinds (Holdings) 2011 Limited.

Included in creditors is a balance of £88,415 (2022: £101,801) owed to Mr B Phelps. £11,100 is shown as falling due within one year with the balance falling due after more than one year. No interest is charged on the loan.

11. Ultimate parent company

The ultimate parent company is B & T Rewinds (Holdings) 2011 Limited, a company also incorporated in England & Wales.