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REGISTERED NUMBER: 01266907 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Rcf Bolt & Nut Co (Tipton) Limited

Rcf Bolt & Nut Co (Tipton) Limited (Registered number: 01266907)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rcf Bolt & Nut Co (Tipton) Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: D R Barber
J L Frewin
A Garrett
E A Kolodner
T D Brooksbank





REGISTERED OFFICE: 34 Darlaston Central Trading Estate
Wednesbury
WS10 8XB





REGISTERED NUMBER: 01266907 (England and Wales)





AUDITORS: Rusling & Co, Statutory Auditor
F6 The Bloc
Anlaby
East Yorkshire
HU10 6RJ

Rcf Bolt & Nut Co (Tipton) Limited (Registered number: 01266907)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,520 171,014

CURRENT ASSETS
Stocks 464,786 550,606
Debtors 5 1,527,361 1,572,941
Cash at bank and in hand 68,563 19,791
2,060,710 2,143,338
CREDITORS
Amounts falling due within one year 6 985,592 1,255,733
NET CURRENT ASSETS 1,075,118 887,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,241,638

1,058,619

CREDITORS
Amounts falling due after more than one
year

7

(116,991

)

(143,994

)

PROVISIONS FOR LIABILITIES (39,674 ) (46,539 )
NET ASSETS 1,084,973 868,086

CAPITAL AND RESERVES
Called up share capital 1,016 1,016
Revaluation reserve 9 73,930 73,930
Capital redemption reserve 4,034 4,034
Retained earnings 1,005,993 789,106
1,084,973 868,086

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 13 August 2024 and were signed on its behalf by:





E A Kolodner - Director


Rcf Bolt & Nut Co (Tipton) Limited (Registered number: 01266907)

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


1. STATUTORY INFORMATION

Rcf Bolt & Nut Co (Tipton) 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.

Related party exemption
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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 20% on reducing balance and 10% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Rcf Bolt & Nut Co (Tipton) Limited (Registered number: 01266907)

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


2. ACCOUNTING POLICIES - continued

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 23 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 606,439
Additions 40,387
Disposals (23,190 )
At 31 December 2023 623,636
DEPRECIATION
At 1 January 2023 435,425
Charge for year 25,575
Eliminated on disposal (3,884 )
At 31 December 2023 457,116
NET BOOK VALUE
At 31 December 2023 166,520
At 31 December 2022 171,014

Rcf Bolt & Nut Co (Tipton) Limited (Registered number: 01266907)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 43,670
Disposals (23,190 )
At 31 December 2023 20,480
DEPRECIATION
At 1 January 2023 7,008
Charge for year 1,735
Eliminated on disposal (3,884 )
At 31 December 2023 4,859
NET BOOK VALUE
At 31 December 2023 15,621
At 31 December 2022 36,662

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 432,697 530,455
Amounts owed by group undertakings 1,091,780 1,002,440
Other debtors 2,884 40,046
1,527,361 1,572,941

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,322 49,800
Hire purchase contracts 7,826 7,826
Sales financing 378,039 459,156
Trade creditors 279,214 400,931
Amounts owed to group undertakings 47,475 25,518
Taxation and social security 110,985 175,776
Other creditors 116,731 136,726
985,592 1,255,733

Rcf Bolt & Nut Co (Tipton) Limited (Registered number: 01266907)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 83,931 124,775
Hire purchase contracts 11,393 19,219
Amounts owed to group undertakings 21,667 -
116,991 143,994

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 129,253 174,575
Other loans - 5,000
Hire purchase contracts 19,219 27,045
Invoice finance - 459,156
Directors loan - 35,000
148,472 700,776

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 73,930

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Rusling FCA (Senior Statutory Auditor)
for and on behalf of Rusling & Co, Statutory Auditor