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REGISTERED NUMBER: 01635796 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Refinery Group Ltd

Refinery Group Ltd (Registered number: 01635796)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Refinery Group Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P N Bradshaw
Mrs M Lawton-Johal
R Kara



SECRETARY: Mrs D Kennedy



REGISTERED OFFICE: 10 Pittbrook Street
Manchester
Greater Manchester
M12 6JX



REGISTERED NUMBER: 01635796 (England and Wales)



ACCOUNTANTS: Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW



SOLICITORS: SAS Daniels LLP
30 Greek Street
Stockport
Cheshire
SK3 8AD

Refinery Group Ltd (Registered number: 01635796)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,647 15,520
Investments 5 1,000 1,000
11,647 16,520

CURRENT ASSETS
Debtors 6 171,189 207,336
Cash at bank 1,304 8,526
172,493 215,862
CREDITORS
Amounts falling due within one year 7 (7,408 ) (34,403 )
NET CURRENT ASSETS 165,085 181,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,732

197,979

PROVISIONS FOR LIABILITIES (1,288 ) (2,093 )
NET ASSETS 175,444 195,886

CAPITAL AND RESERVES
Called up share capital 61,000 61,000
Capital redemption reserve 39,000 39,000
Retained earnings 75,444 95,886
SHAREHOLDERS' FUNDS 175,444 195,886

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

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

Refinery Group Ltd (Registered number: 01635796)

Balance Sheet - continued
31 October 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 31 July 2024 and were signed on its behalf by:





P N Bradshaw - Director


Refinery Group Ltd (Registered number: 01635796)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Refinery Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Monetary amounts in these financial statements are rounded to the nearest £.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The key assumptions concerning the future and other key sources of estimation include uncertainties at the reporting date, which may have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial periods, are discussed below.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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.


Refinery Group Ltd (Registered number: 01635796)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2022
and 31 October 2023 4,052 5,405 895 21,676 32,028
DEPRECIATION
At 1 November 2022 1,580 4,709 716 9,503 16,508
Charge for year 270 522 179 3,902 4,873
At 31 October 2023 1,850 5,231 895 13,405 21,381
NET BOOK VALUE
At 31 October 2023 2,202 174 - 8,271 10,647
At 31 October 2022 2,472 696 179 12,173 15,520

Refinery Group Ltd (Registered number: 01635796)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 1,000
NET BOOK VALUE
At 31 October 2023 1,000
At 31 October 2022 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 8,105
Amounts owed by group undertakings 170,508 179,774
Other debtors 681 6,784
Prepayments - 12,673
171,189 207,336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 7,408 22,853
Accrued expenses - 11,550
7,408 34,403

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Oakbase Integrated Marketing Limited.

The company's parent company is Refinery Holdings Limited, and it in turn is wholly owned by Oakbase Integrated Marketing Limited. All companies are registered in England and Wales. The registered office of the ultimate parent company is 10 Pittbrook Street, Manchester, M12 6JX.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Refinery Group Ltd

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 Refinery Group Ltd for the year ended 31 October 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Refinery Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Refinery Group Ltd and state those matters that we have agreed to state to the Board of Directors of Refinery Group Ltd, 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 Refinery Group Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Refinery Group Ltd 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 Refinery Group Ltd. You consider that Refinery Group Ltd 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 Refinery Group Ltd. 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.






Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW


31 July 2024