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REGISTERED NUMBER: 11445308 (England and Wales)














R.T. BEARINGS HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






R.T. BEARINGS HOLDINGS LIMITED (REGISTERED NUMBER: 11445308)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.T. BEARINGS HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: M W Round
J C Taberner





REGISTERED OFFICE: Beauchamp House
402-403 Stourport Road
Kidderminster
United Kingdom
DY11 7BG





REGISTERED NUMBER: 11445308 (England and Wales)

R.T. BEARINGS HOLDINGS LIMITED (REGISTERED NUMBER: 11445308)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 118,500 146,200
Investments 5 181 181
118,681 146,381

CURRENT ASSETS
Debtors 6 9,665 -
Cash at bank 424,945 235,074
434,610 235,074
CREDITORS
Amounts falling due within one year 7 243,033 129,798
NET CURRENT ASSETS 191,577 105,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,258

251,657

PROVISIONS FOR LIABILITIES 8 22,201 23,597
NET ASSETS 288,057 228,060

CAPITAL AND RESERVES
Called up share capital 181 181
Retained earnings 287,876 227,879
288,057 228,060

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

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

R.T. BEARINGS HOLDINGS LIMITED (REGISTERED NUMBER: 11445308)

BALANCE SHEET - continued
31ST DECEMBER 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 1st July 2024 and were signed on its behalf by:





J C Taberner - Director


R.T. BEARINGS HOLDINGS LIMITED (REGISTERED NUMBER: 11445308)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

R.T. Bearings 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about R.T. Bearings Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

R.T. BEARINGS HOLDINGS LIMITED (REGISTERED NUMBER: 11445308)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st January 2023
and 31st December 2023 277,000
DEPRECIATION
At 1st January 2023 130,800
Charge for year 27,700
At 31st December 2023 158,500
NET BOOK VALUE
At 31st December 2023 118,500
At 31st December 2022 146,200

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1st January 2023
and 31st December 2023 181
NET BOOK VALUE
At 31st December 2023 181
At 31st December 2022 181

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Directors' current accounts 9,665 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to group undertakings 228,570 109,556
Corporation tax 12,207 10,326
VAT 1,880 1,879
Directors' current accounts 1 7,662
Accrued expenses 375 375
243,033 129,798

8. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 22,201 23,597

R.T. BEARINGS HOLDINGS LIMITED (REGISTERED NUMBER: 11445308)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1st January 2023 23,597
Provided during year (1,396 )
Balance at 31st December 2023 22,201

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£ £
J C Taberner
Balance outstanding at start of year - -
Amounts advanced 9,665 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,665 -

10. RELATED PARTY DISCLOSURES

During the year dividends totalling £400,000 (2022 - £250,000) were received from R T Bearings Limited a wholly owned subsidiary of R T Bearings Holdings Limited.

As at 31st December 2023 £228,570 was owed to R T Bearings Limited (2021 - £109,556).