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REGISTERED NUMBER: 05326593 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Remtco Limited

Remtco Limited (Registered number: 05326593)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Remtco Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R A Remtulla





SECRETARY: Mrs E Hancock





REGISTERED OFFICE: Unit 5 Macon Business Park
Macon Way 21
Crewe
Cheshire
CW1 6DG





REGISTERED NUMBER: 05326593 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Remtco Limited (Registered number: 05326593)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,121 6,668

CURRENT ASSETS
Stocks 20,322 22,695
Debtors 5 37,125 33,120
Cash at bank and in hand 12,436 19,158
69,883 74,973
CREDITORS
Amounts falling due within one year 6 44,409 50,542
NET CURRENT ASSETS 25,474 24,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,595

31,099

CREDITORS
Amounts falling due after more than one
year

7

(30,189

)

(29,757

)

PROVISIONS FOR LIABILITIES (1,136 ) (1,232 )
NET ASSETS 270 110

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 170 10
SHAREHOLDERS' FUNDS 270 110

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.

Remtco Limited (Registered number: 05326593)

Balance Sheet - 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 25 February 2025 and were signed by:





R A Remtulla - Director


Remtco Limited (Registered number: 05326593)

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

1. STATUTORY INFORMATION

Remtco 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.

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.
Land and buildings - 20% on cost
Plant and machinery etc - 15% on reducing balance

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.

Remtco Limited (Registered number: 05326593)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 11,637 9,938 8,678 6,575 36,828
Additions - 533 - - 533
At 31 May 2024 11,637 10,471 8,678 6,575 37,361
DEPRECIATION
At 1 June 2023 11,637 8,652 7,334 2,537 30,160
Charge for year - 273 201 606 1,080
At 31 May 2024 11,637 8,925 7,535 3,143 31,240
NET BOOK VALUE
At 31 May 2024 - 1,546 1,143 3,432 6,121
At 31 May 2023 - 1,286 1,344 4,038 6,668

Remtco Limited (Registered number: 05326593)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 6,575
DEPRECIATION
At 1 June 2023
and 31 May 2024 2,537
NET BOOK VALUE
At 31 May 2024 4,038
At 31 May 2023 4,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 32,034 27,256
Other debtors 4,367 -
Directors' current accounts - 4,606
Prepayments and accrued income 724 1,258
37,125 33,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 4,474 16,181
Hire purchase contracts - 152
Trade creditors 19,721 20,345
Tax 2,214 1,009
VAT 5,484 4,479
Other creditors 9,197 6,538
Directors' current accounts 439 -
Accruals and deferred income 2,880 1,838
44,409 50,542

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 30,189 29,757

Remtco Limited (Registered number: 05326593)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R A Remtulla.