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REGISTERED NUMBER: 11924297 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Remac Ltd

Remac Ltd (Registered number: 11924297)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Remac Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Miss C R Chivers
M J George





REGISTERED OFFICE: 4 Springfield Place
RADSTOCK
BA3 3BG





REGISTERED NUMBER: 11924297 (England and Wales)





ACCOUNTANTS: Graham Long and Company
Chartered Management Accountants
Unit A
Lewin House
The Street
RADSTOCK
BA3 3FJ

Remac Ltd (Registered number: 11924297)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 924,598 189,558

CURRENT ASSETS
Debtors 5 86,914 1,312,952
Cash at bank 91,804 41,476
178,718 1,354,428
CREDITORS
Amounts falling due within one year 6 618,783 1,190,269
NET CURRENT (LIABILITIES)/ASSETS (440,065 ) 164,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,533

353,717

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 484,531 353,715
484,533 353,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Remac Ltd (Registered number: 11924297)

Statement of Financial Position - continued
30 April 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 31 January 2025 and were signed on its behalf by:




M J George - Director



Miss C R Chivers - Director


Remac Ltd (Registered number: 11924297)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Remac 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Remac Ltd (Registered number: 11924297)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 154,421 86,357 1,550 242,328
Additions 100,287 747,773 865 848,925
Disposals (6,550 ) (12,367 ) - (18,917 )
At 30 April 2024 248,158 821,763 2,415 1,072,336
DEPRECIATION
At 1 May 2023 30,234 22,397 139 52,770
Charge for year 25,579 75,245 309 101,133
Eliminated on disposal (82 ) (6,083 ) - (6,165 )
At 30 April 2024 55,731 91,559 448 147,738
NET BOOK VALUE
At 30 April 2024 192,427 730,204 1,967 924,598
At 30 April 2023 124,187 63,960 1,411 189,558

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 62,998 90,764
Other debtors 23,916 1,222,188
86,914 1,312,952

Remac Ltd (Registered number: 11924297)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 19,779 30,428
Hire purchase contracts 582,152 -
Trade creditors 109,500 149,489
Taxation and social security (98,778 ) 974,109
Other creditors 6,130 36,243
618,783 1,190,269