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REGISTERED NUMBER: 05514833 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

R T MECHANICS LIMITED

R T MECHANICS LIMITED (REGISTERED NUMBER: 05514833)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R T MECHANICS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: R S Thompson
M E Fazey





SECRETARY: Mrs E Thompson





REGISTERED OFFICE: Unit 1, Sturt Road
Haslemere
Surrey
GU27 3RX





REGISTERED NUMBER: 05514833 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

R T MECHANICS LIMITED (REGISTERED NUMBER: 05514833)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 13,536 21,702

CURRENT ASSETS
Stocks 4 20,000 22,850
Debtors 5 245,124 221,831
Cash at bank and in hand 40,799 37,747
305,923 282,428
CREDITORS
Amounts falling due within one year 6 258,020 226,528
NET CURRENT ASSETS 47,903 55,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,439

77,602

CREDITORS
Amounts falling due after more than one
year

7

(19,167

)

(29,167

)

PROVISIONS FOR LIABILITIES (3,977 ) (2,652 )
NET ASSETS 38,295 45,783

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 38,285 45,773
SHAREHOLDERS' FUNDS 38,295 45,783

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 MECHANICS LIMITED (REGISTERED NUMBER: 05514833)

BALANCE SHEET - continued
31 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 3 September 2024 and were signed on its behalf by:





R S Thompson - Director


R T MECHANICS LIMITED (REGISTERED NUMBER: 05514833)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 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 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

R T MECHANICS LIMITED (REGISTERED NUMBER: 05514833)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 58,898 31,824 92,444 183,166
Additions 1,219 997 2,850 5,066
At 31 December 2023 60,117 32,821 95,294 188,232
DEPRECIATION
At 1 January 2023 48,878 24,731 87,855 161,464
Charge for year 6,123 3,771 3,338 13,232
At 31 December 2023 55,001 28,502 91,193 174,696
NET BOOK VALUE
At 31 December 2023 5,116 4,319 4,101 13,536
At 31 December 2022 10,020 7,093 4,589 21,702

4. STOCKS
31.12.23 31.12.22
£    £   
Stocks 20,000 22,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,227 6,633
Amounts owed by group undertakings 229,804 195,113
Other debtors 4,105 4,276
Prepayments 3,988 15,809
245,124 221,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 89,257 60,076
Amounts owed to group undertakings 35,541 40,715
Tax 36,229 16,484
Social security and other taxes 11,796 10,575
VAT 28,256 40,370
Other creditors 44,318 37,849
Directors' current accounts 1,956 2,158
Accrued expenses 667 8,301
258,020 226,528

R T MECHANICS LIMITED (REGISTERED NUMBER: 05514833)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 19,167 29,167