REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 31 May 2024 |
for |
R & B Switchgear Group Ltd |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Other reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Additions |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX |
Nature of business: |
% |
Class of shares: | holding |
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 |
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX |
Nature of business: |
% |
Class of shares: | holding |
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. |
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX |
Nature of business: |
% |
Class of shares: | holding |
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. |
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX |
Nature of business: |
% |
Class of shares: | holding |
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 |
Registered office: Switchgear House The Courtyard, Green Lane, Heywood, OL10 2EX |
Nature of business: |
% |
Class of shares: | holding |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
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 |
Other creditors |
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. |
for and on behalf of |
8. | ULTIMATE CONTROLLING PARTY |
On 07/11/2023, the entire share capital was acquired by R&B Switchgear Holdings Limited. |