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REGISTERED NUMBER: 07634720 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

REHEAT (RENEWABLE TECHNOLOGIES) LIMITED

REHEAT (RENEWABLE TECHNOLOGIES) LIMITED (REGISTERED NUMBER: 07634720)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REHEAT (RENEWABLE TECHNOLOGIES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: B G J Tansey
N V Harrison
Mrs P J Stewart





REGISTERED OFFICE: First Floor
Lion House
Willowburn Trading Estate
Alnwick
Northumberland
NE66 2PF





REGISTERED NUMBER: 07634720 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

REHEAT (RENEWABLE TECHNOLOGIES) LIMITED (REGISTERED NUMBER: 07634720)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,527 13,959
Tangible assets 5 40,911 53,042
53,438 67,001

CURRENT ASSETS
Stocks 85,100 26,893
Debtors 6 701,132 450,181
Cash at bank and in hand 244,035 330,453
1,030,267 807,527
CREDITORS
Amounts falling due within one year 7 760,163 431,547
NET CURRENT ASSETS 270,104 375,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,542

442,981

CREDITORS
Amounts falling due after more than one
year

8

92,120

194,926
NET ASSETS 231,422 248,055

CAPITAL AND RESERVES
Called up share capital 10 576 576
Share premium 49,480 49,480
Capital redemption reserve 520 520
Retained earnings 180,846 197,479
SHAREHOLDERS' FUNDS 231,422 248,055

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.

REHEAT (RENEWABLE TECHNOLOGIES) LIMITED (REGISTERED NUMBER: 07634720)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:




B G J Tansey - Director



N V Harrison - Director


REHEAT (RENEWABLE TECHNOLOGIES) LIMITED (REGISTERED NUMBER: 07634720)

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

1. STATUTORY INFORMATION

Reheat (Renewable Technologies) 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 derived from the sale of bioenergy boilers and heating systems. Turnover is recognised as contracts progress and as the company becomes entitled to it. Turnover is exclusive of VAT.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - straight line over 4 years
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

REHEAT (RENEWABLE TECHNOLOGIES) LIMITED (REGISTERED NUMBER: 07634720)

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

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
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 25 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 14,320
AMORTISATION
At 1 June 2022 361
Charge for year 1,432
At 31 May 2023 1,793
NET BOOK VALUE
At 31 May 2023 12,527
At 31 May 2022 13,959

REHEAT (RENEWABLE TECHNOLOGIES) LIMITED (REGISTERED NUMBER: 07634720)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 134,206
Additions 7,015
Disposals (40,868 )
At 31 May 2023 100,353
DEPRECIATION
At 1 June 2022 81,164
Charge for year 14,199
Eliminated on disposal (35,921 )
At 31 May 2023 59,442
NET BOOK VALUE
At 31 May 2023 40,911
At 31 May 2022 53,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 487,735 230,880
Amounts recoverable on contract 171,049 179,479
Other debtors 42,348 39,822
701,132 450,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 102,807 125,972
Trade creditors 459,964 209,484
Taxation and social security 179,136 77,382
Other creditors 18,256 18,709
760,163 431,547

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 92,120 194,926

REHEAT (RENEWABLE TECHNOLOGIES) LIMITED (REGISTERED NUMBER: 07634720)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 49,540 29,819
Between one and five years 33,307 41,523
82,847 71,342

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
570 Ordinary shares £1 570 570
1 Redeemable Class A £1 1 1
1 Redeemable Class B £1 1 1
1 Redeemable Class F £1 1 1
1 Redeemable Class H £1 1 1
1 Redeemable Class I £1 1 1
1 Redeemable Class J £1 1 1
576 576

11. RELATED PARTY DISCLOSURES

During the year the directors maintained interest free loans to the company. The balance outstanding at 31 May 2023 was £879 (2022: £89).