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REGISTERED NUMBER: 01012200 (England and Wales)















Medway Rewind Services Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Medway Rewind Services Limited (Registered number: 01012200)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Medway Rewind Services Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Rocco





REGISTERED OFFICE: 5 Revenge Road
Lordswood Industrial Estate
Chatham
Kent
ME5 8UD





REGISTERED NUMBER: 01012200 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Medway Rewind Services Limited (Registered number: 01012200)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 943,296 893,871
Investments 5 100 100
943,396 893,971

CURRENT ASSETS
Inventories 47,296 70,787
Debtors 6 226,744 119,179
Cash at bank 3,971,287 3,615,990
4,245,327 3,805,956
CREDITORS
Amounts falling due within one year 7 606,146 332,805
NET CURRENT ASSETS 3,639,181 3,473,151
TOTAL ASSETS LESS CURRENT LIABILITIES 4,582,577 4,367,122

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 4,582,575 4,367,120
SHAREHOLDERS' FUNDS 4,582,577 4,367,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Medway Rewind Services Limited (Registered number: 01012200)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2025 and were signed by:





A Rocco - Director


Medway Rewind Services Limited (Registered number: 01012200)

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

1. STATUTORY INFORMATION

Medway Rewind Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Medway Rewind Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income recognition
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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 10% on cost and 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% on cost

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

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

Medway Rewind Services Limited (Registered number: 01012200)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Fixed asset investments
Investments in subsidiary undertakings are recognised at cost less any impairment provision.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 1,262,922 53,372 1,316,294
Additions 71,116 - 71,116
At 31 May 2024 1,334,038 53,372 1,387,410
DEPRECIATION
At 1 June 2023 369,051 53,372 422,423
Charge for year 21,691 - 21,691
At 31 May 2024 390,742 53,372 444,114
NET BOOK VALUE
At 31 May 2024 943,296 - 943,296
At 31 May 2023 893,871 - 893,871

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 100

Medway Rewind Services Limited (Registered number: 01012200)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2024 is represented by:

Shares in
group
undertakings
£   
Cost 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 221,620 113,881
Other debtors 5,124 5,298
226,744 119,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 227,799 71,448
Amounts owed to group undertakings 2,817 2,817
Taxation and social security 93,263 62,459
Other creditors 282,267 196,081
606,146 332,805

8. RELATED PARTY DISCLOSURES

The net book value of land and buildings includes £71,194 (2023 : £72,804) for buildings erected on freehold land owned personally by the director. No formal arrangements exist as to the tenure and rent.