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REGISTERED NUMBER: 04037333 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Hereford Rewinds Limited

Hereford Rewinds Limited (Registered number: 04037333)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hereford Rewinds Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: L R Leppert
D S Bradbury





REGISTERED OFFICE: Unit 1F Thorn Business Park
Rotherwas
Hereford
Herefordshire
HR2 6JT





REGISTERED NUMBER: 04037333 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

Hereford Rewinds Limited (Registered number: 04037333)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,992 11,623

CURRENT ASSETS
Stocks 83,462 54,534
Debtors 5 566,178 210,434
Cash at bank and in hand 152,055 183,171
801,695 448,139
CREDITORS
Amounts falling due within one year 6 327,854 167,004
NET CURRENT ASSETS 473,841 281,135
TOTAL ASSETS LESS CURRENT LIABILITIES 567,833 292,758

CREDITORS
Amounts falling due after more than one
year

7

(76,427

)

-

PROVISIONS FOR LIABILITIES (23,498 ) (2,900 )
NET ASSETS 467,908 289,858

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 467,808 289,758
467,908 289,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

Hereford Rewinds Limited (Registered number: 04037333)

Balance Sheet - continued
31 January 2024


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 9 October 2024 and were signed on its behalf by:




L R Leppert - Director



D S Bradbury - Director


Hereford Rewinds Limited (Registered number: 04037333)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Hereford Rewinds 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.

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.
Leashold property improvements - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stock and work in progress
Stock has been valued by the directors at the lower of cost and net realisable value. Work in progress has been valued as a percentage of the full contract value according to the level of completion.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Hereford Rewinds Limited (Registered number: 04037333)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Leashold
property Plant and Motor
improvements machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2023 8,095 139,933 21,125 169,153
Additions - 3,887 110,574 114,461
At 31 January 2024 8,095 143,820 131,699 283,614
DEPRECIATION
At 1 February 2023 7,777 133,640 16,113 157,530
Charge for year 318 2,878 28,896 32,092
At 31 January 2024 8,095 136,518 45,009 189,622
NET BOOK VALUE
At 31 January 2024 - 7,302 86,690 93,992
At 31 January 2023 318 6,293 5,012 11,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 266,259 141,236
Amounts owed by group undertakings 286,450 -
Other debtors 13,469 69,198
566,178 210,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 28,600 -
Trade creditors 104,499 70,845
Taxation and social security 110,496 62,378
Other creditors 84,259 33,781
327,854 167,004

Hereford Rewinds Limited (Registered number: 04037333)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 76,427 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 28,600 -
Between one and five years 76,427 -
105,027 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 24,180 7,156
Between one and five years 48,360 -
72,540 7,156

9. CONTINGENT LIABILITIES

There were no contingent liabilities at 31 January 2024.

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of D & L Pumps & Motors Ltd registration number: 14687209. Company registration address: Unit 1f Thorn Business Park, Rotherwas, Hereford, HR2 6JT.