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REGISTERED NUMBER: 02910694 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RANDLE ENGINEERING SOLUTIONS LIMITED

RANDLE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 02910694)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RANDLE ENGINEERING SOLUTIONS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: S J Randle





SECRETARY: S J Randle





REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT





REGISTERED NUMBER: 02910694 (England and Wales)






RANDLE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 02910694)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,852 41,271
Investments 5 438 -
32,290 41,271

CURRENT ASSETS
Debtors 271,390 409,624
Cash at bank 136,955 67,287
408,345 476,911
CREDITORS
Amounts falling due within one year 276,476 101,272
NET CURRENT ASSETS 131,869 375,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,159

416,910

CREDITORS
Amounts falling due after more than one year (15,193 ) (39,479 )

PROVISIONS FOR LIABILITIES (5,878 ) (10,192 )
NET ASSETS 143,088 367,239

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 142,888 367,039
SHAREHOLDERS' FUNDS 143,088 367,239

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RANDLE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 02910694)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2024 and were signed by:





S J Randle - Director


RANDLE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 02910694)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Randle Engineering Solutions 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 company's place of business is The Innovation Centre, Warwick Technology Park, CV34 6UW.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales (excluding value added tax) of goods and services provided in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office and computer equipment - 20% on reducing balance and Straight line over 3 years
Fixtures and fittings - 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


RANDLE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 02910694)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme in respect of the director and employees. Contributions to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 77,768
Additions 3,260
At 31 March 2024 81,028
DEPRECIATION
At 1 April 2023 36,497
Charge for year 12,679
At 31 March 2024 49,176
NET BOOK VALUE
At 31 March 2024 31,852
At 31 March 2023 41,271

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 438
At 31 March 2024 438
NET BOOK VALUE
At 31 March 2024 438

RANDLE ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 02910694)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 48,273 81,182
Between one and five years 21,621 69,892
69,894 151,074

7. PENSION COMMITMENTS

Included within liabilities at the year end are outstanding pension contributions of £11,248 (2023 - £6,345).

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S J Randle
Balance outstanding at start of year 100,353 43,761
Amounts advanced - 56,592
Amounts repaid (100,353 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 100,353