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REGISTERED NUMBER: 14618583 (England and Wales)


















Repeat CNC Ltd

Financial Statements for the Year Ended 30th June 2024






Repeat CNC Ltd (Registered number: 14618583)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Repeat CNC Ltd

Company Information
for the year ended 30th June 2024







DIRECTORS: P Gilson
T A T Megginson
C P Barker





REGISTERED OFFICE: Eastburn Office
Eastburn Road
Eastburn
Driffield
YO25 9DP





REGISTERED NUMBER: 14618583 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Repeat CNC Ltd (Registered number: 14618583)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,516 34,567

CURRENT ASSETS
Stocks 18,088 16,786
Debtors 5 24,470 26,101
Cash at bank 21,423 48,055
63,981 90,942
CREDITORS
Amounts falling due within one year 6 23,359 29,873
NET CURRENT ASSETS 40,622 61,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,138

95,636

CREDITORS
Amounts falling due after more than one
year

7

(64,980

)

(82,730

)

PROVISIONS FOR LIABILITIES (1,765 ) (3,202 )
NET ASSETS 5,393 9,704

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,293 9,604
SHAREHOLDERS' FUNDS 5,393 9,704

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 28th March 2025 and were signed on its behalf by:




P Gilson - Director



C P Barker - Director


Repeat CNC Ltd (Registered number: 14618583)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Repeat CNC 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.

Going concern
The directors, having considered the forecasts through to 30 June 2026, have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis.

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 etc - 10% 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 Income Statement, 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.

Repeat CNC Ltd (Registered number: 14618583)

Notes to the Financial Statements - continued
for the year ended 30th June 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 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 38,408
Additions 450
At 30th June 2024 38,858
DEPRECIATION
At 1st July 2023 3,841
Charge for year 3,501
At 30th June 2024 7,342
NET BOOK VALUE
At 30th June 2024 31,516
At 30th June 2023 34,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,470 26,101

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,773 9,392
Taxation and social security 7,895 8,001
Other creditors 9,691 12,480
23,359 29,873

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 40,029 57,779
Other creditors 24,951 24,951
64,980 82,730

Repeat CNC Ltd (Registered number: 14618583)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

8. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£ £
Within one year 15,000 15,000
Between one and five years 38,750 53,750
In more than five years - -
53,750 68,750

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

The Report of the Auditors was unqualified.

Matthew Fox FCCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

10. PENSION COMMITMENTS

During the year the company paid contributions of £750 (2023: £nil) to money purchase pension schemes. The amount of outstanding contributions at 30 June 2024 was £525 (2023: £nil).

11. RELATED PARTY DISCLOSURES

The company has an outstanding loan payable of £24,950 to its directors at year end (2023: £24,950), with a total of £1,880 being paid to the director in interest during the year.

12. ULTIMATE CONTROLLING PARTY

The parent company of the group of undertakings for which group financial statements are drawn up and of which the company is a member is Birch Valley Holdings Limited, registered in England and Wales.

Birch Valley Holdings Limited is also the company's ultimate parent undertaking and its registered office is Estate Office, Eastburn Road, Eastburn, Driffield YO25 9DP. Copies of Birch Valley Holdings Limited's financial statements can be obtained from Companies House.