IRIS Accounts Production v24.1.0.578 08285049 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082850492023-03-31082850492024-03-31082850492023-04-012024-03-31082850492022-03-31082850492022-04-012023-03-31082850492023-03-3108285049ns15:EnglandWales2023-04-012024-03-3108285049ns14:PoundSterling2023-04-012024-03-3108285049ns10:Director12023-04-012024-03-3108285049ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108285049ns10:SmallEntities2023-04-012024-03-3108285049ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108285049ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108285049ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108285049ns10:FullAccounts2023-04-012024-03-3108285049ns10:Director22023-04-012024-03-3108285049ns10:RegisteredOffice2023-04-012024-03-3108285049ns5:CurrentFinancialInstruments2024-03-3108285049ns5:CurrentFinancialInstruments2023-03-3108285049ns5:Non-currentFinancialInstruments2024-03-3108285049ns5:Non-currentFinancialInstruments2023-03-3108285049ns5:ShareCapital2024-03-3108285049ns5:ShareCapital2023-03-3108285049ns5:RetainedEarningsAccumulatedLosses2024-03-3108285049ns5:RetainedEarningsAccumulatedLosses2023-03-3108285049ns5:LandBuildings2023-04-012024-03-3108285049ns5:PlantMachinery2023-04-012024-03-3108285049ns5:LandBuildings2023-03-3108285049ns5:PlantMachinery2023-03-3108285049ns5:LandBuildings2024-03-3108285049ns5:PlantMachinery2024-03-3108285049ns5:LandBuildings2023-03-3108285049ns5:PlantMachinery2023-03-3108285049ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108285049ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08285049 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Re-Tec Ltd

Re-Tec Ltd (Registered number: 08285049)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Re-Tec Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Roper
Mrs K J Roper





REGISTERED OFFICE: Unit 4 Parkway Business Centre
Sixth Avenue
Deeside Industrial Park
Deeside
Flintshire
CH5 2LD





REGISTERED NUMBER: 08285049 (England and Wales)





ACCOUNTANTS: J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

Re-Tec Ltd (Registered number: 08285049)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,399 23,092

CURRENT ASSETS
Stocks 127,957 103,001
Debtors 5 116,967 145,698
Cash at bank 58,702 68,146
303,626 316,845
CREDITORS
Amounts falling due within one year 6 203,571 209,394
NET CURRENT ASSETS 100,055 107,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,454

130,543

CREDITORS
Amounts falling due after more than one
year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (8,160 ) (5,711 )
NET ASSETS 113,627 103,165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,527 103,065
SHAREHOLDERS' FUNDS 113,627 103,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Re-Tec Ltd (Registered number: 08285049)

Balance Sheet - continued
31 March 2024


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 15 July 2024 and were signed on its behalf by:





P Roper - Director


Re-Tec Ltd (Registered number: 08285049)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Re-Tec Ltd 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.
Land and buildings - Straight line over 3 years
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% 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 4 (2023 - 3 ) .

Re-Tec Ltd (Registered number: 08285049)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 9,900 52,396 62,296
Additions 800 22,103 22,903
Disposals - (14,163 ) (14,163 )
At 31 March 2024 10,700 60,336 71,036
DEPRECIATION
At 1 April 2023 9,900 29,304 39,204
Charge for year 289 9,786 10,075
Eliminated on disposal - (11,642 ) (11,642 )
At 31 March 2024 10,189 27,448 37,637
NET BOOK VALUE
At 31 March 2024 511 32,888 33,399
At 31 March 2023 - 23,092 23,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 102,558 132,033
Other debtors 14,409 13,665
116,967 145,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Payments on account 69,801 68,844
Trade creditors 75,085 83,215
Taxation and social security 24,047 29,490
Other creditors 24,638 17,845
203,571 209,394

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667

8. SECURED DEBTS

Barclays Bank plc holds a fixed and floating charge and negative pledge over the company dated 18 December 2017.
The floating charge covers all of the property or undertaking of the company.

Re-Tec Ltd (Registered number: 08285049)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.