02531340falsethat of hydraulic hoses and equipment2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:CompanySecretary12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-28http://www.companieshouse.gov.uk/cd:Director22023-03-012024-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:NetGoodwill2024-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-28http://www.companieshouse.gov.uk/pt:NetGoodwill2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-02-28http://www.companieshouse.gov.uk/2024-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:LandBuildings2023-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:LandBuildings2024-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02531340

Relayfactor Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Relayfactor Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
DIRECTORS
W Currie
R Currie
SECRETARY
R Currie
REGISTERED OFFICE
31-32 High Street
Finedon road Industrial Estate
Wellingborough
Northants
NN8 4HL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02531340
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Relayfactor Limited

ACCOUNTS
FOR THEYEARENDED28/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Relayfactor Limited

BALANCE SHEET AT 28/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets372,45254,551
CURRENT ASSETS
Stock12,00013,000
Debtors5132,517149,804
Cash at bank and in hand9062,012
145,423164,816
CREDITORS: Amounts falling due within one year6215,296207,514
NET CURRENT LIABILITIES(69,873)(42,698)
TOTAL ASSETS LESS CURRENT LIABILITIES2,57911,853
CREDITORS: Amounts falling due after more than one year713,78623,223
NET LIABILITIES(11,207)(11,370)
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account(11,307)(11,470)
SHAREHOLDERS' FUNDS(11,207)(11,370)
For the year ending 28/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/11/2024 and signed on their behalf by
.............................
W Currie
Director

Relayfactor Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Relayfactor Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/03/202310,80010,800
At 28/02/202410,80010,800
Depreciation
At 01/03/202310,80010,800
At 28/02/202410,80010,800
Net Book Amounts
At 28/02/2024--
3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsEquipmentTotal
££££££
Cost
At 01/03/202330,00088,60333,23413,512750166,099
Additions-22,000---22,000
At 28/02/202430,000110,60333,23413,512750188,099
Depreciation
At 01/03/2023-69,02329,49112,706328111,548
For the year-2,9379361211054,099
At 28/02/2024-71,96030,42712,827433115,647
Net Book Amounts
At 28/02/202430,00038,6432,80768531772,452
At 28/02/202330,00019,5803,74380642254,551
4. STOCK 20242023
££
Stock comprises:
Stock12,00013,000
12,00013,000

Relayfactor Limited

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors63,93782,839
Directors current account68,58066,965
132,517149,804
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax48,94949,284
VAT11,40347,684
PAYE control4,8967,128
Bank loans and overdrafts17,66315,465
Bank Loan10,64810,648
Credit card4,0944,806
Trade creditors92,64369,605
Other creditors22,000-
Accruals3,0002,894
215,296207,514
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr13,78623,223
13,78623,223
8. EMPLOYEES
20242023
No.No.
Average number of employees55

Relayfactor Limited

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
100100