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Registered number: 14568526
THE RETENTION GROUP LTD
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 January 2025
Optimise Accountants Ltd
Contents
Page
Company Information 1
Director's Report 2
Profit and Loss Account 3
Balance Sheet 4
Statement of Changes in Equity 5
Notes to the Financial Statements 6—8
Page 1
Company Information
Director Mr Nathan Tunbridge
Company Number 14568526
Registered Office Unit 9 Podville
Great Park Road, Bradley Stoke
Bristol
South Gloucestershire
BS32 4RU
Accountants Optimise Accountants Ltd
ACCA
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
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Director's Report
The director presents his report and the financial statements for the year ended 31 January 2025.
Directors
The director who held office during the year were as follows:
Mr Nathan Tunbridge
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Nathan Tunbridge
Director
03/03/2025
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Profit and Loss Account
31 January 2025 31 January 2024
Notes £ £
TURNOVER 242,558 130,671
GROSS PROFIT 242,558 130,671
Administrative expenses (95,822 ) (49,327 )
OPERATING PROFIT 146,736 81,344
Interest payable and similar charges (903 ) (5,042 )
PROFIT BEFORE TAXATION 145,833 76,302
Tax on Profit (36,044 ) (13,919 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 109,789 62,383
The notes on pages 6 to 8 form part of these financial statements.
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Balance Sheet
31 January 2025 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,495 7,837
9,495 7,837
CURRENT ASSETS
Debtors 5 39,062 36,701
Cash at bank and in hand 48,805 64,438
87,867 101,139
Creditors: Amounts Falling Due Within One Year 6 (108,590 ) (46,493 )
NET CURRENT ASSETS (LIABILITIES) (20,723 ) 54,646
TOTAL ASSETS LESS CURRENT LIABILITIES (11,228 ) 62,483
NET (LIABILITIES)/ASSETS (11,228 ) 62,483
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (11,328 ) 62,383
SHAREHOLDERS' FUNDS (11,228) 62,483
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Nathan Tunbridge
Director
03/03/2025
The notes on pages 6 to 8 form part of these financial statements.
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Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 3 January 2023 100 - 100
Profit for the period and total comprehensive income - 62,383 62,383
As at 31 January 2024 and 1 February 2024 100 62,383 62,483
Profit for the year and total comprehensive income - 109,789 109,789
Dividends paid - (183,500) (183,500)
As at 31 January 2025 100 (11,328 ) (11,228)
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Notes to the Financial Statements
1. General Information
THE RETENTION GROUP LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14568526 . The registered office is Unit 9 Podville, Great Park Road, Bradley Stoke, Bristol, South Gloucestershire, BS32 4RU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% on reducing balance basis
Fixtures & Fittings 25% on Straight line basis
Computer Equipment 25% on Straight line basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 4,685 1,986 1,828 8,499
Additions - 428 3,560 3,988
As at 31 January 2025 4,685 2,414 5,388 12,487
Depreciation
As at 1 February 2024 155 159 348 662
Provided during the period 906 557 867 2,330
As at 31 January 2025 1,061 716 1,215 2,992
Net Book Value
As at 31 January 2025 3,624 1,698 4,173 9,495
As at 1 February 2024 4,530 1,827 1,480 7,837
5. Debtors
31 January 2025 31 January 2024
£ £
Due within one year
Trade debtors 20,531 23,508
Amounts owed by participating interests 15,000 -
Other debtors 3,531 13,193
39,062 36,701
6. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 January 2024
£ £
Trade creditors 648 14,399
Other creditors 62,596 16,907
Taxation and social security 45,346 15,187
108,590 46,493
7. Share Capital
31 January 2025 31 January 2024
Allotted, called up and fully paid £ £
50 Ordinary A shares of £ 1.00 each 50 50
35 Ordinary B shares of £ 1.00 each 35 50
5 Ordinary C shares of £ 1.00 each 5 -
5 Ordinary D shares of £ 1.00 each 5 -
5 Ordinary E shares of £ 1.00 each 5 -
100 100
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8. Related Party Transactions
At the year end the company owes £15,000.00 by The Vehicle Leasing Group Ltd a company in which Mr.Nathan Tunbridge is director and 100% shareholder..
9. Ultimate Controlling Party
There is no ultimate controlling party due to various shareholders in the company.
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