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REGISTERED NUMBER: 08009617 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RETROPOWER LIMITED

RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)






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


RETROPOWER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Nathaniel Seviour
Callum Seviour





REGISTERED OFFICE: Unit 1, Oaklands Farm
Higham Lane
Wykin Village
Hinckley
Leicestershire
LE10 3EF





REGISTERED NUMBER: 08009617 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118,066 91,189

CURRENT ASSETS
Stocks 27,290 21,690
Debtors 5 237,637 195,114
Cash at bank 46,735 94,285
311,662 311,089
CREDITORS
Amounts falling due within one year 6 155,428 209,246
NET CURRENT ASSETS 156,234 101,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,300

193,032

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 274,298 193,030
SHAREHOLDERS' FUNDS 274,300 193,032

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 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.

RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)

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 Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




Callum Seviour - Director



Nathaniel Seviour - Director


RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Retropower 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.
Improvements to property - 10% on reducing balance
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)

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 23 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 3,459 138,425 3,500 12,385 157,769
Additions 2,165 36,435 - 3,888 42,488
At 31 March 2024 5,624 174,860 3,500 16,273 200,257
DEPRECIATION
At 1 April 2023 1,690 55,383 2,353 7,154 66,580
Charge for year 394 11,947 230 3,040 15,611
At 31 March 2024 2,084 67,330 2,583 10,194 82,191
NET BOOK VALUE
At 31 March 2024 3,540 107,530 917 6,079 118,066
At 31 March 2023 1,769 83,042 1,147 5,231 91,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 192,074 185,119
Other debtors 33,160 -
Prepayments 12,403 9,995
237,637 195,114

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 447
Trade creditors 71,995 85,348
Corporation tax (31 ) 22,819
Social security and other taxes 16,616 12,652
VAT 53,453 60,195
Other creditors 5,195 2,472
Directors' current accounts 6,450 23,513
Accruals and deferred income 1,750 1,800
155,428 209,246

RETROPOWER LIMITED (REGISTERED NUMBER: 08009617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2