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REGISTERED NUMBER: 05213578 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RE FIELD SERVICES LTD

RE FIELD SERVICES LTD (REGISTERED NUMBER: 05213578)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RE FIELD SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: A B C Edgar
P R Ratcliffe





SECRETARY: P R Ratcliffe





REGISTERED OFFICE: Pinfold Works
Ripon Street, Attercliffe
Sheffield
South Yorkshire
S9 3LX





REGISTERED NUMBER: 05213578 (England and Wales)

RE FIELD SERVICES LTD (REGISTERED NUMBER: 05213578)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,545 39,535

CURRENT ASSETS
Stocks 36,672 65,209
Debtors 5 277,199 173,691
Cash at bank and in hand 513,973 160,577
827,844 399,477
CREDITORS
Amounts falling due within one year 6 467,865 235,195
NET CURRENT ASSETS 359,979 164,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,524

203,817

PROVISIONS FOR LIABILITIES 30,880 5,884
NET ASSETS 459,644 197,933

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 459,544 197,833
459,644 197,933

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

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

RE FIELD SERVICES LTD (REGISTERED NUMBER: 05213578)

BALANCE SHEET - continued
31 December 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 Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:




A B C Edgar - Director



P R Ratcliffe - Director


RE FIELD SERVICES LTD (REGISTERED NUMBER: 05213578)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

RE Field Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures, fittings & office furniture - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

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 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.

RE FIELD SERVICES LTD (REGISTERED NUMBER: 05213578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and & office Motor Computer
machinery furniture vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 151,646 16,067 - 20,818 188,531
Additions 56,017 - 49,753 1,353 107,123
At 31 December 2024 207,663 16,067 49,753 22,171 295,654
DEPRECIATION
At 1 January 2024 120,641 13,836 - 14,519 148,996
Charge for year 12,608 557 - 2,948 16,113
At 31 December 2024 133,249 14,393 - 17,467 165,109
NET BOOK VALUE
At 31 December 2024 74,414 1,674 49,753 4,704 130,545
At 31 December 2023 31,005 2,231 - 6,299 39,535

RE FIELD SERVICES LTD (REGISTERED NUMBER: 05213578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 January 2024 19,388
Reclassification/transfer (19,388 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 14,021
Reclassification/transfer (14,021 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 5,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 257,068 157,970
Other debtors 20,131 15,721
277,199 173,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 58,428 105,373
Amounts owed to group undertakings 186,362 90,243
Taxation and social security 170,940 17,173
Other creditors 52,135 22,406
467,865 235,195

7. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £854 (2023 - £5,977).

RE FIELD SERVICES LTD (REGISTERED NUMBER: 05213578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. ULTIMATE CONTROLLING PARTY

Whilst there is no individual ultimate controlling party, the directors, acting in concert, exercise
overall control of the company.