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REGISTERED NUMBER: 02444789 (England and Wales)















Readycrest Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Readycrest Limited (Registered number: 02444789)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Readycrest Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T J Dansey
Mrs E P Dansey





SECRETARY: Mrs E P Dansey





REGISTERED OFFICE: 14 Stirling Park
Laker Road
Rochester
Kent
ME1 3QR





REGISTERED NUMBER: 02444789 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Readycrest Limited (Registered number: 02444789)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 420 480
Tangible assets 5 19,445 29,227
Investments 6 2 2
19,867 29,709

CURRENT ASSETS
Inventories 4,627 4,032
Debtors 7 308,430 257,833
Cash at bank 63,539 89,809
376,596 351,674
CREDITORS
Amounts falling due within one year 8 291,937 268,246
NET CURRENT ASSETS 84,659 83,428
TOTAL ASSETS LESS CURRENT LIABILITIES 104,526 113,137

CREDITORS
Amounts falling due after more than one
year

9

(2,345

)

(20,395

)

PROVISIONS FOR LIABILITIES (4,862 ) (5,350 )
NET ASSETS 97,319 87,392

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 96,319 86,392
SHAREHOLDERS' FUNDS 97,319 87,392

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.

Readycrest Limited (Registered number: 02444789)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





T J Dansey - Director


Readycrest Limited (Registered number: 02444789)

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

1. STATUTORY INFORMATION

Readycrest 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 Readycrest 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.

Income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - Over the term of the lease
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.


Readycrest Limited (Registered number: 02444789)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end.

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 11 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 600
AMORTISATION
At 1 January 2023 120
Charge for year 60
At 31 December 2023 180
NET BOOK VALUE
At 31 December 2023 420
At 31 December 2022 480

Readycrest Limited (Registered number: 02444789)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 20,500 154,806 175,306
Additions - 2,933 2,933
Disposals - (9,556 ) (9,556 )
At 31 December 2023 20,500 148,183 168,683
DEPRECIATION
At 1 January 2023 20,500 125,579 146,079
Charge for year - 12,715 12,715
Eliminated on disposal - (9,556 ) (9,556 )
At 31 December 2023 20,500 128,738 149,238
NET BOOK VALUE
At 31 December 2023 - 19,445 19,445
At 31 December 2022 - 29,227 29,227

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 302,541 251,496
Other debtors 5,889 6,337
308,430 257,833

Readycrest Limited (Registered number: 02444789)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,035 16,506
Trade creditors 63,883 66,669
Amounts owed to group undertakings 2 2
Taxation and social security 93,603 75,545
Other creditors 116,414 109,524
291,937 268,246

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,345 20,395

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 20,380 36,901

The bank loan is secured by a fixed and floating charge over the company's assets.