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REGISTERED NUMBER: 08670490 (England and Wales)















Audited Financial Statements for the Year Ended 31 May 2024

for

R & B Switchgear Group Ltd

R & B Switchgear Group Ltd (Registered number: 08670490)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R & B Switchgear Group Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M S Beswick
M E Beswick





SECRETARY: M S Beswick





REGISTERED OFFICE: Switchgear House
The Courtyard, Green Lane
Heywood
Rochdale
Lancashire
OL10 2EX





REGISTERED NUMBER: 08670490 (England and Wales)





AUDITORS: PKW Chartered Accountants LLP
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

R & B Switchgear Group Ltd (Registered number: 08670490)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,286,478 3,286,353

CURRENT ASSETS
Debtors 5 902,161 187,845
Cash at bank and in hand 3,930 68,223
906,091 256,068
CREDITORS
Amounts falling due within one year 6 4,661 4,540
NET CURRENT ASSETS 901,430 251,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,187,908

3,537,881

CAPITAL AND RESERVES
Called up share capital 100,002 100,002
Share premium 2,086,215 2,100,500
Other reserves 14,285 -
Retained earnings 1,987,406 1,337,379
SHAREHOLDERS' FUNDS 4,187,908 3,537,881

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





M E Beswick - Director


R & B Switchgear Group Ltd (Registered number: 08670490)

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

1. STATUTORY INFORMATION

R & B Switchgear Group 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.

Preparation of consolidated financial statements
The financial statements contain information about R & B Switchgear Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, R & B Swtichgear Holdings Limited, Switchgear House The Courtyard, Green Lane, Heywood, United Kingdom, OL10 2EX.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Dividend income
Dividend income is recognised when the right to receive payment is established

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023 3,286,353
Additions 125
At 31 May 2024 3,286,478
NET BOOK VALUE
At 31 May 2024 3,286,478
At 31 May 2023 3,286,353

The company's investments at the Balance Sheet date in the share capital of companies include the following:

R & B Switchgear Services Ltd
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX
Nature of business: Electrical switchgear repair and maintenance.
%
Class of shares: holding
Ordinary 100.00

R & B Switchgear Group Ltd (Registered number: 08670490)

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

4. FIXED ASSET INVESTMENTS - continued

R&B Switchgear (North) Ltd
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX
Nature of business: Electrical Switchgear repair and maintenance.
%
Class of shares: holding
Ordinary 100.00

100% of share capital of R&B Switchgear (North) Ltd was acquired by R&B Switchgear Group Ltd on 22/11/2023 for consideration of £1.

R & B Switchgear Services (Northern) Ltd
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX
Nature of business: Electrical switchgear repair and maintenance.
%
Class of shares: holding
Ordinary 100.00

R&B Cabling & Systems Integration Ltd
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX
Nature of business: Electrical switchgear repair and maintenance.
%
Class of shares: holding
Ordinary 100.00

100% of share capital of R&B Cabling & Systems Integration Ltd was acquired by R&B Switchgear Group Ltd on 22/02/2024 for consideration of £120.

R&B Switchgear Services (Aberdeen) Ltd
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX
Nature of business: Electrical switchgear repair and maintenance.
%
Class of shares: holding
Ordinary 100.00

R&B Switchgear Group Properties Ltd
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX
Nature of business: Property rental
%
Class of shares: holding
Ordinary 100.00

R&B Group Ltd
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX
Nature of business:
%
Class of shares: holding
Ordinary 100.00

Prevot Properties Ltd
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX
Nature of business: Property rental
%
Class of shares: holding
Ordinary 100.00

100% of share capital of Prevot Properties Ltd was acquired by R&B Switchgear Group Ltd on 26/10/2023 for consideration of £1,000,000 satisfied by a bonus issue of 14,285 ordinary shares in R&B Switchgear Group Ltd.

R & B Switchgear Group Ltd (Registered number: 08670490)

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

4. FIXED ASSET INVESTMENTS - continued

R & B Switchgear Ltd
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 902,161 187,845

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of
repayment and are repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 121 -
Other creditors 4,540 4,540
4,661 4,540

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of
repayment and are repayable on demand.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Lawson Wild (Senior Statutory Auditor)
for and on behalf of PKW Chartered Accountants LLP

8. ULTIMATE CONTROLLING PARTY

On 07/11/2023, the entire share capital was acquired by R&B Switchgear Holdings Limited.