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Registration number: 01887266

Retel Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2025

 

Retel Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Retel Limited

Company Information





 

Directors




 

K J Halstead

J Skilbeck

Company secretary

K J Halstead

Registered office





 

Galloway House
241 Leeds Road
Huddersfield
West Yorkshire
HD1 6NS

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Retel Limited

Directors' Report
for the Year Ended 30 April 2025

The directors present their report and the financial statements for the year ended 30 April 2025.

Directors of the company

The directors who held office during the year were as follows:

K J Halstead - Company secretary and director

J Skilbeck

Principal activity

The principal activity of the company is retail and rental of electrical equipment

Small companies provision statement

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.

Approved and authorised by the Board on 19 May 2025 and signed on its behalf by:
 

.........................................
K J Halstead
Company secretary and director

 

Retel Limited

(Registration number: 01887266 )
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

508,436

510,886

Current assets

 

Stocks

5

88,061

98,843

Debtors

6

14,955

7,651

Cash at bank and in hand

 

212,991

222,950

 

316,007

329,444

Creditors: Amounts falling due within one year

7

(63,063)

(70,366)

Net current assets

 

252,944

259,078

Net assets

 

761,380

769,964

Capital and reserves

 

Called up share capital

8

8,287

8,287

Other reserves

4,195

4,195

Retained earnings

748,898

757,482

Shareholders' funds

 

761,380

769,964

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 May 2025 and signed on its behalf by:
 

 

Retel Limited

(Registration number: 01887266 )
Balance Sheet as at 30 April 2025

.........................................
K J Halstead
Company secretary and director

 

Retel Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Galloway House
241 Leeds Road
Huddersfield
West Yorkshire
HD1 6NS
England

These financial statements were authorised for issue by the Board on 19 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the net sales of goods and income from renting goods, excluding value added tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Retel Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property

Not provided

Rental equipment

15% on cost with a residual value of 10%

Fixtures and fittings

100% on cost

Motor vehicles

25% 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 7).

 

Retel Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2025

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2024

543,421

73,700

36,465

653,586

Additions

-

11,297

-

11,297

Disposals

-

(12,956)

-

(12,956)

At 30 April 2025

543,421

72,041

36,465

651,927

Depreciation

At 1 May 2024

69,301

48,021

25,378

142,700

Charge for the year

-

9,794

2,772

12,566

Eliminated on disposal

-

(11,775)

-

(11,775)

At 30 April 2025

69,301

46,040

28,150

143,491

Carrying amount

At 30 April 2025

474,120

26,001

8,315

508,436

At 30 April 2024

474,120

25,679

11,087

510,886

Included within the net book value of land and buildings above is £474,120 (2024 - £474,120) in respect of freehold land and buildings.
 

5

Stocks

2025
£

2024
£

Other inventories

88,061

98,843

 

Retel Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2025

6

Debtors

Current

2025
£

2024
£

Prepayments

12,425

5,522

Other debtors

2,530

2,129

 

14,955

7,651

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

30,988

37,697

Taxation and social security

21,102

18,984

Accruals and deferred income

1,230

1,424

Other creditors

9,743

12,261

63,063

70,366

8

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary of £1 each

8,286

8,286

8,286

8,286

Preference of £1 each

1

1

1

1

 

8,287

8,287

8,287

8,287