| REGISTERED NUMBER: |
| Financial Statements for the Period 1 January 2024 to 31 March 2025 |
| for |
| RETROFIT ACADEMY (SOLUTIONS) LIMITED |
| REGISTERED NUMBER: |
| Financial Statements for the Period 1 January 2024 to 31 March 2025 |
| for |
| RETROFIT ACADEMY (SOLUTIONS) LIMITED |
| RETROFIT ACADEMY (SOLUTIONS) LIMITED (REGISTERED NUMBER: 09956096) |
| Contents of the Financial Statements |
| for the Period 1 January 2024 to 31 March 2025 |
| Page |
| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 3 |
| RETROFIT ACADEMY (SOLUTIONS) LIMITED (REGISTERED NUMBER: 09956096) |
| Statement of Financial Position |
| 31 March 2025 |
| 31.3.25 | 31.12.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| RETROFIT ACADEMY (SOLUTIONS) LIMITED (REGISTERED NUMBER: 09956096) |
| Statement of Financial Position - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| RETROFIT ACADEMY (SOLUTIONS) LIMITED (REGISTERED NUMBER: 09956096) |
| Notes to the Financial Statements |
| for the Period 1 January 2024 to 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Retrofit Academy (Solutions) Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company's year end was extended from 31 December 2024 to 31 March 2025. Therefore, this financial year covers a 15 month period and the comparatives cover a 12 month period. |
| Significant judgements and estimates |
| The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to provisions are it's critical accounting policies. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Taxation |
| Taxation for the period 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 statement of financial position date. |
| RETROFIT ACADEMY (SOLUTIONS) LIMITED (REGISTERED NUMBER: 09956096) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2024 to 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
| 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. |
| Fixed asset investments |
| Fixed asset investments are initially recognised at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed at each reporting date and any impairment adjustments are recognised immediately in the profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for period |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 December 2023 |
| RETROFIT ACADEMY (SOLUTIONS) LIMITED (REGISTERED NUMBER: 09956096) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2024 to 31 March 2025 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 January 2024 |
| Disposals | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 December 2023 |
| The investments relate to the cost of shares held in group undertakings. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.12.23 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.12.23 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |