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RADIO, ELECTRICAL AND TELEVISION
RETAILERS' ASSOCIATION (R.E.T.R.A)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2023 TO 12TH JULY 2024






RADIO, ELECTRICAL AND TELEVISION
RETAILERS' ASSOCIATION (R.E.T.R.A)
LIMITED (REGISTERED NUMBER: 00374327)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2023 TO 12TH JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

RADIO, ELECTRICAL AND TELEVISION
RETAILERS' ASSOCIATION (R.E.T.R.A)
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST NOVEMBER 2023 TO 12TH JULY 2024







DIRECTORS: R Hughes
A O'Gorman
G M Todd
K Herring
G Russell
P D Mead





SECRETARY: V P Sheldrake





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estate, Kempston
Bedford
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 00374327 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

RADIO, ELECTRICAL AND TELEVISION
RETAILERS' ASSOCIATION (R.E.T.R.A)
LIMITED (REGISTERED NUMBER: 00374327)

BALANCE SHEET
12TH JULY 2024

12/7/24 31/10/23
Notes £    £   
CURRENT ASSETS
Debtors 6 4,883 483,663
Cash at bank and in hand 656,920 625,979
661,803 1,109,642
CREDITORS
Amounts falling due within one year 7 2,586 39,650
NET CURRENT ASSETS 659,217 1,069,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,217

1,069,992

RESERVES
Income and expenditure account 659,217 1,069,992
659,217 1,069,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 12th July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 12th July 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 surplus or deficit 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd September 2024 and were signed on its behalf by:





R Hughes - Director


RADIO, ELECTRICAL AND TELEVISION
RETAILERS' ASSOCIATION (R.E.T.R.A)
LIMITED (REGISTERED NUMBER: 00374327)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2023 TO 12TH JULY 2024

1. STATUTORY INFORMATION

Radio, Electrical and Television Retailers' Association (R.E.T.R.A) Limited is a private company, limited by guarantee , 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 as modified by the revaluation of certain assets.

The accounts are prepared on a break up basis, with all assets and liabilities shown at their recoverable amount.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below.These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about Radio, Electrical and Television Retailers' Association (R.E.T.R.A) 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.

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
Subscriptions receivable represents amounts received from members for membership net of VAT.
All other income is recorded on a receivable basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

Taxation
Taxation for the period 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.


RADIO, ELECTRICAL AND TELEVISION
RETAILERS' ASSOCIATION (R.E.T.R.A)
LIMITED (REGISTERED NUMBER: 00374327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2023 TO 12TH JULY 2024

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 period 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.

Investments
Investments in group undertakings are included at the lower of cost or market value less any provision for permanent diminution in value.

Other investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Clearing house account
Interest received and bank charges paid on the clearing house account are written off to the profit and loss account in the period they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st November 2023
and 12th July 2024 4,299
DEPRECIATION
At 1st November 2023
and 12th July 2024 4,299
NET BOOK VALUE
At 12th July 2024 -
At 31st October 2023 -

RADIO, ELECTRICAL AND TELEVISION
RETAILERS' ASSOCIATION (R.E.T.R.A)
LIMITED (REGISTERED NUMBER: 00374327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2023 TO 12TH JULY 2024

5. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Retracare Limited
Registered office:
Nature of business: Insurance services for RETRA members
%
Class of shares: holding
Ordinary shares 100.00
12/7/24 31/10/23
£    £   
Aggregate capital and reserves 98,284 129,368
(Loss)/profit for the period/year (31,084 ) 233,667

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
12/7/24 31/10/23
£    £   
Trade debtors - 45,285
Other debtors 3,194 433,174
VAT 1,689 856
Prepayments - 4,348
4,883 483,663

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
12/7/24 31/10/23
£    £   
Trade creditors - 31,846
Social security and other taxes - 3,731
Other creditors - 1,740
Accruals and deferred income 2,586 2,333
2,586 39,650

8. SHARE CAPITAL

The association is limited by guarantee from its members. Each member is liable to contribute a sum not exceeding £1 in the event of winding up.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RADIO, ELECTRICAL AND TELEVISION
RETAILERS' ASSOCIATION (R.E.T.R.A)
LIMITED

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 Statement of Comprehensive Income 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 Radio, Electrical and Television Retailers' Association (R.E.T.R.A) Limited for the period ended 12th July 2024 which comprise the Statement of 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 Radio, Electrical and Television Retailers' Association (R.E.T.R.A) Limited, 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 Radio, Electrical and Television Retailers' Association (R.E.T.R.A) Limited and state those matters that we have agreed to state to the Board of Directors of Radio, Electrical and Television Retailers' Association (R.E.T.R.A) Limited, 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 Radio, Electrical and Television Retailers' Association (R.E.T.R.A) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Radio, Electrical and Television Retailers' Association (R.E.T.R.A) Limited 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 loss of Radio, Electrical and Television Retailers' Association (R.E.T.R.A) Limited. You consider that Radio, Electrical and Television Retailers' Association (R.E.T.R.A) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Radio, Electrical and Television Retailers' Association (R.E.T.R.A) Limited. 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.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


2nd September 2024