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REGISTERED NUMBER: 06905727 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

RADIAL LINE SHEETMETAL LIMITED

RADIAL LINE SHEETMETAL LIMITED (REGISTERED NUMBER: 06905727)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


RADIAL LINE SHEETMETAL LIMITED (REGISTERED NUMBER: 06905727)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,735 8,978

CURRENT ASSETS
Stocks 97,512 116,882
Debtors 137,993 159,612
Cash at bank and in hand 2,972 2,928
238,477 279,422
CREDITORS
Amounts falling due within one year 184,501 233,286
NET CURRENT ASSETS 53,976 46,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,711

55,114

CREDITORS
Amounts falling due after more than one year 5 31,654 65,166
NET ASSETS/(LIABILITIES) 29,057 (10,052 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 28,957 (10,152 )
SHAREHOLDERS' FUNDS 29,057 (10,052 )

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.

RADIAL LINE SHEETMETAL LIMITED (REGISTERED NUMBER: 06905727)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue by the director and authorised for issue on 26 February 2025 and were signed by:





J Ganley - Director


RADIAL LINE SHEETMETAL LIMITED (REGISTERED NUMBER: 06905727)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Radial Line Sheetmetal Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06905727

Registered office: 62 Hawkhurst Park
Leigh
Greater Manchester
WN7 2TG

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

RADIAL LINE SHEETMETAL LIMITED (REGISTERED NUMBER: 06905727)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 63,704
DEPRECIATION
At 1 June 2023 54,726
Charge for year 2,243
At 31 May 2024 56,969
NET BOOK VALUE
At 31 May 2024 6,735
At 31 May 2023 8,978

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 10,000

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other creditors 47,913 61,053
Other loans 9,349 14,304
57,262 75,357

The other creditors are secured by a fixed and floating charge over the companys assets and the other loans are secured by a personal guarantee from Mr and Mrs J Ganley.

RADIAL LINE SHEETMETAL LIMITED (REGISTERED NUMBER: 06905727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
J Ganley
Balance outstanding at start of year 15,367 16,872
Amounts repaid (15,367 ) (1,505 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 15,367