Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 31 March 2022 false 1 April 2023 31 March 2024 31 March 2024 14017380 Mr Wayne Nicholson Mr Phil Simpson Mr Ralph Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14017380 2023-03-31 14017380 2024-03-31 14017380 2023-04-01 2024-03-31 14017380 frs-core:ComputerEquipment 2023-04-01 2024-03-31 14017380 frs-core:FurnitureFittings 2023-04-01 2024-03-31 14017380 frs-core:MotorVehicles 2023-04-01 2024-03-31 14017380 frs-core:PlantMachinery 2023-04-01 2024-03-31 14017380 frs-core:ShareCapital 2024-03-31 14017380 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14017380 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14017380 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 14017380 frs-bus:SmallEntities 2023-04-01 2024-03-31 14017380 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14017380 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14017380 frs-bus:Director1 2023-04-01 2024-03-31 14017380 frs-bus:Director2 2023-04-01 2024-03-31 14017380 frs-bus:Director3 2023-04-01 2024-03-31 14017380 frs-countries:EnglandWales 2023-04-01 2024-03-31 14017380 2022-03-30 14017380 2023-03-31 14017380 2022-03-31 2023-03-31 14017380 frs-core:ShareCapital 2023-03-31 14017380 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 14017380
Retro Renewables Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Together We Count Limited
87 Heeley Bank Road
Sheffield
South Yorkshire
S2 3GL
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 14017380
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,965 9,929
19,965 9,929
CURRENT ASSETS
Stocks 65,708 12,000
Debtors 200,296 50,449
Cash at bank and in hand 54,780 10,769
320,784 73,218
Creditors: Amounts Falling Due Within One Year (339,778 ) (82,518 )
NET CURRENT ASSETS (LIABILITIES) (18,994 ) (9,300 )
TOTAL ASSETS LESS CURRENT LIABILITIES 971 629
NET ASSETS 971 629
CAPITAL AND RESERVES
Called up share capital 5 3 3
Profit and Loss Account 968 626
SHAREHOLDERS' FUNDS 971 629
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ralph Watson
Director
23 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Retro Renewables Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14017380 . The registered office is 23 Brinkburn, Chester Le Street, DH2 2UB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance method
Motor Vehicles 25% Reducing balance method
Fixtures & Fittings 25% Reducing balance method
Computer Equipment 33% Straight line method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 3)
13 3
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 14,144
Additions 19,688
As at 31 March 2024 33,832
...CONTINUED
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Depreciation
As at 1 April 2023 4,215
Provided during the period 9,652
As at 31 March 2024 13,867
Net Book Value
As at 31 March 2024 19,965
As at 1 April 2023 9,929
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
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