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REGISTERED NUMBER: 07429897 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Remediation Technologies Ltd

Remediation Technologies Ltd (Registered number: 07429897)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Remediation Technologies Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Lock





REGISTERED OFFICE: Unit D, South Cambridge Business Park
Babraham Road
Sawston
Cambridge
Cambridgeshire
CB22 3JH





REGISTERED NUMBER: 07429897 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

Remediation Technologies Ltd (Registered number: 07429897)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 926 1,686
Tangible assets 5 61,130 50,269
62,056 51,955

CURRENT ASSETS
Debtors 6 468,362 178,438
Cash at bank 115,207 76,180
583,569 254,618
CREDITORS
Amounts falling due within one year 7 330,899 140,983
NET CURRENT ASSETS 252,670 113,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,726

165,590

CREDITORS
Amounts falling due after more than one
year

8

54,440

58,333
NET ASSETS 260,286 107,257

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 260,284 107,255
260,286 107,257

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.

Remediation Technologies Ltd (Registered number: 07429897)

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.

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 2 December 2024 and were signed by:




G Lock - Director



R G Croft - Director


Remediation Technologies Ltd (Registered number: 07429897)

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

1. STATUTORY INFORMATION

Remediation Technologies Ltd 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on 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.

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

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.

Remediation Technologies Ltd (Registered number: 07429897)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 3,803
AMORTISATION
At 1 April 2023 2,117
Charge for year 760
At 31 March 2024 2,877
NET BOOK VALUE
At 31 March 2024 926
At 31 March 2023 1,686

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 143,011
Additions 36,255
At 31 March 2024 179,266
DEPRECIATION
At 1 April 2023 92,742
Charge for year 25,394
At 31 March 2024 118,136
NET BOOK VALUE
At 31 March 2024 61,130
At 31 March 2023 50,269

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 454,350 175,929
Other debtors 14,012 2,509
468,362 178,438

Remediation Technologies Ltd (Registered number: 07429897)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,000 25,000
Hire purchase contracts 8,153 -
Trade creditors 144,600 71,872
Taxation and social security 147,821 38,298
Other creditors 5,325 5,813
330,899 140,983

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 33,379 58,333
Hire purchase contracts 21,061 -
54,440 58,333