Registered number
05519526
RTK Grab Hire Limited
Unaudited Filleted Accounts
31 October 2024
RTK Grab Hire Limited
Registered number: 05519526
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 46,896 58,066
Current assets
Debtors 4 1,138,359 1,026,988
Cash at bank and in hand 10,484 49,341
1,148,843 1,076,329
Creditors: amounts falling due within one year 5 (278,833) (197,510)
Net current assets 870,010 878,819
Total assets less current liabilities 916,906 936,885
Provisions for liabilities (8,910) (11,033)
Net assets 907,996 925,852
Capital and reserves
Called up share capital 2 2
Profit and loss account 907,994 925,850
Shareholders' funds 907,996 925,852
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Bottomley
Director
Approved by the board on 10 February 2025
RTK Grab Hire Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Plant, machinery and motor vehicles Furniture, fittings and equipment Total
£ £ £
Cost
At 1 November 2023 690,471 7,600 698,071
Additions 17,000 - 17,000
At 31 October 2024 707,471 7,600 715,071
Depreciation
At 1 November 2023 633,817 6,188 640,005
Charge for the year 26,965 1,205 28,170
At 31 October 2024 660,782 7,393 668,175
Net book value
At 31 October 2024 46,689 207 46,896
At 31 October 2023 56,654 1,412 58,066
4 Debtors 2024 2023
£ £
Trade debtors 37,561 21,189
Other debtors 1,100,798 1,005,799
1,138,359 1,026,988
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 36,983 44,049
Taxation and social security costs 19,264 19,882
Other creditors 222,586 133,579
278,833 197,510
6 Related party transactions
The company has made an interest free loan to RTK Grab and Skip Hire Ltd, a company of which Mr John Bottomley and Ms Lisa Kay are directors and shareholders, amounting to £1,063,546 (2023: £968,820), which is included in other debtors.

The company has received an interest free loan from Mr John Bottomley and Ms Lisa Kay, amounting to £219,086 (2023: £130,079), which is included in other creditors.

The company has paid rent amounting to £30,000 (2023: £50,000) to RTK Grab and Skip Hire Ltd in respect of the company's occupation, under an informal lease, of property owned by that company.

The company has also paid fees to Mr John Bottomley personally amounting to £5,000 (2023: £5,000) in respect of the hire of plant and equipment.
7 Other information
RTK Grab Hire Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wellington Street
Bury
BL8 2BD
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