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Company No: 03549989 (England and Wales)

R 'N' B ENGINEERING LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

R 'N' B ENGINEERING LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

R 'N' B ENGINEERING LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
R 'N' B ENGINEERING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS A P Bothwell
P J Bothwell
D J Roberts
SECRETARY D J Roberts
REGISTERED OFFICE Units 15 & 16
Highams Lodge Business Centre Blackhorse Lane
London
E17 6SH
United Kingdom
COMPANY NUMBER 03549989 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
R 'N' B ENGINEERING LIMITED

BALANCE SHEET

As at 30 September 2024
R 'N' B ENGINEERING LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 115,097 83,729
Investments 4 68,000 68,000
183,097 151,729
Current assets
Stocks 257,026 191,127
Debtors 5 427,184 385,192
Cash at bank and in hand 26,083 7,402
710,293 583,721
Creditors: amounts falling due within one year 6 ( 367,891) ( 409,908)
Net current assets 342,402 173,813
Total assets less current liabilities 525,499 325,542
Creditors: amounts falling due after more than one year 7 ( 58,526) ( 71,335)
Provision for liabilities ( 28,774) ( 9,513)
Net assets 438,199 244,694
Capital and reserves
Called-up share capital 100 100
Profit and loss account 438,099 244,594
Total shareholders' funds 438,199 244,694

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of R 'n' B Engineering Limited (registered number: 03549989) were approved and authorised for issue by the Board of Directors on 29 May 2025. They were signed on its behalf by:

A P Bothwell
Director
R 'N' B ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
R 'N' B ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

R 'n' B Engineering Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Units 15 & 16, Highams Lodge Business Centre Blackhorse Lane, London, E17 6SH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts invoiced by the company in respect of services rendered during the year, except in respect of ongoing service contracts where turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. Turnover value excludes value added tax.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution pension scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Fixtures and fittings 15 % reducing balance
Computer equipment 4 years straight line
Leases

The Company as lessee
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed asset investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 21 24

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 October 2023 108,701 84,261 71,878 8,853 273,693
Additions 0 50,791 0 1,332 52,123
At 30 September 2024 108,701 135,052 71,878 10,185 325,816
Accumulated depreciation
At 01 October 2023 88,577 30,542 64,800 6,045 189,964
Charge for the financial year 4,025 13,316 1,062 2,352 20,755
At 30 September 2024 92,602 43,858 65,862 8,397 210,719
Net book value
At 30 September 2024 16,099 91,194 6,016 1,788 115,097
At 30 September 2023 20,124 53,719 7,078 2,808 83,729

Included in the above are fixed assets with a net book value of £48,218 (2023: Nil) which are held under hire purchase contracts

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 October 2023 68,000 68,000
At 30 September 2024 68,000 68,000
Carrying value at 30 September 2024 68,000 68,000
Carrying value at 30 September 2023 68,000 68,000

5. Debtors

2024 2023
£ £
Trade debtors 273,345 298,088
Amounts owed by related parties 51,149 65,057
Other debtors 102,690 22,047
427,184 385,192

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 60,845 71,214
Trade creditors 95,745 98,992
Taxation and social security 104,957 123,485
Obligations under finance leases and hire purchase contracts 5,502 0
Other creditors 100,842 116,217
367,891 409,908

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 43,533 0
Other creditors 14,993 71,335
58,526 71,335

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Director 1 0 0
Amount Advanced 47,958 71,416
Amounts Repaid (22,442) (121,791)
Director 2 0 0
Amount Advanced 49,364 51,722
Amounts Repaid (22,060) (96,363)
Director 3 0 0
Amount Advanced 32,500 0
Amounts Repaid (134) 0

The loan to the director is repayable on demand. Interest is charged on loans at the official interest set by HMRC.

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdrafts 60,845 71,214

The bank overdraft is secured by a fixed and floating charge over all the company assets.