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REGISTERED NUMBER: 02502958 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Reddish Electroplating (Stockport)
Limited

Reddish Electroplating (Stockport)
Limited (Registered number: 02502958)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reddish Electroplating (Stockport)
Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: G Hanks
S F Hanks
Mrs N G Hanks





REGISTERED OFFICE: Unit 23
Mersey Street
Portwood
Stockport
Cheshire
SK1 2HX





REGISTERED NUMBER: 02502958 (England and Wales)





ACCOUNTANTS: Uppal & Warr
Chartered Accountants
452 Manchester Road
Heaton Chapel
Stockport
SK4 5DL

Reddish Electroplating (Stockport)
Limited (Registered number: 02502958)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 194,759 222,758

CURRENT ASSETS
Debtors 5 106,501 146,824
Cash at bank 11,539 61,748
118,040 208,572
CREDITORS
Amounts falling due within one year 6 217,972 266,645
NET CURRENT LIABILITIES (99,932 ) (58,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,827

164,685

CREDITORS
Amounts falling due after more than one
year

7

83,603

80,339
NET ASSETS 11,224 84,346

CAPITAL AND RESERVES
Called up share capital 8 7 7
Retained earnings 9 11,217 84,339
SHAREHOLDERS' FUNDS 11,224 84,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Reddish Electroplating (Stockport)
Limited (Registered number: 02502958)

Balance Sheet - continued
31 December 2024


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 2 April 2025 and were signed on its behalf by:





G Hanks - Director


Reddish Electroplating (Stockport)
Limited (Registered number: 02502958)

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

1. STATUTORY INFORMATION

Reddish Electroplating (Stockport) Limited 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 12 (2023 - 15 ) .

Reddish Electroplating (Stockport)
Limited (Registered number: 02502958)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 438,245 61,480 59,016 558,741
Additions 7,280 - - 7,280
At 31 December 2024 445,525 61,480 59,016 566,021
DEPRECIATION
At 1 January 2024 244,560 40,135 51,288 335,983
Charge for year 30,145 3,202 1,932 35,279
At 31 December 2024 274,705 43,337 53,220 371,262
NET BOOK VALUE
At 31 December 2024 170,820 18,143 5,796 194,759
At 31 December 2023 193,685 21,345 7,728 222,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 95,960 143,546
Other debtors 156 -
Tax 7,333 -
Prepayments 3,052 3,278
106,501 146,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 23,622 18,703
Hire purchase contracts 33,600 16,934
Trade creditors 49,915 86,572
Factoring 22,220 67,228
Tax - 17,137
Social security and other taxes 12,865 9,443
VAT 69,575 44,453
Accrued expenses 6,175 6,175
217,972 266,645

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 19,020 29,368
Hire purchase contracts 64,583 50,971
83,603 80,339

Reddish Electroplating (Stockport)
Limited (Registered number: 02502958)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 2
5 B Shares £1 5 5
7 7

9. RESERVES
Retained
earnings
£   

At 1 January 2024 84,339
Profit for the year 87,996
Dividends (161,118 )
At 31 December 2024 11,217