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REGISTERED NUMBER: 01707067 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

R. & E. Presswork Limited

R. & E. Presswork Limited (Registered number: 01707067)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

R. & E. Presswork Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: A J Yeats





REGISTERED OFFICE: 72-77 Lower Tower Street
Newtown
Birmingham
B19 3NF





REGISTERED NUMBER: 01707067 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

R. & E. Presswork Limited (Registered number: 01707067)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,033,567 1,179,612

CURRENT ASSETS
Stocks 350,000 325,032
Debtors 5 572,009 613,859
Cash at bank 31,797 185,304
953,806 1,124,195
CREDITORS
Amounts falling due within one year 6 (800,239 ) (836,750 )
NET CURRENT ASSETS 153,567 287,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,187,134

1,467,057

CREDITORS
Amounts falling due after more than one
year

7

(123,666

)

(240,719

)

PROVISIONS FOR LIABILITIES 10 (124,131 ) (143,525 )
NET ASSETS 939,337 1,082,813

CAPITAL AND RESERVES
Called up share capital 11 410 410
Capital redemption reserve 4,610 4,610
Retained earnings 934,317 1,077,793
SHAREHOLDERS' FUNDS 939,337 1,082,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R. & E. Presswork Limited (Registered number: 01707067)

Balance Sheet - continued
30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





A J Yeats - Director


R. & E. Presswork Limited (Registered number: 01707067)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

R. & E. Presswork 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

R. & E. Presswork Limited (Registered number: 01707067)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

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 37 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2023 394,568 2,330,218 160,308 35,184 2,920,278
Additions - 22,446 6,232 - 28,678
At 30 November 2024 394,568 2,352,664 166,540 35,184 2,948,956
DEPRECIATION
At 1 December 2023 58,526 1,553,514 93,442 35,184 1,740,666
Charge for year 7,892 155,716 11,115 - 174,723
At 30 November 2024 66,418 1,709,230 104,557 35,184 1,915,389
NET BOOK VALUE
At 30 November 2024 328,150 643,434 61,983 - 1,033,567
At 30 November 2023 336,042 776,704 66,866 - 1,179,612

R. & E. Presswork Limited (Registered number: 01707067)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2023 762,000
Transfer to ownership (233,000 )
At 30 November 2024 529,000
DEPRECIATION
At 1 December 2023 356,836
Charge for year 60,919
Transfer to ownership (132,429 )
At 30 November 2024 285,326
NET BOOK VALUE
At 30 November 2024 243,674
At 30 November 2023 405,164

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,756 157,631
Amounts owed by group undertakings 217,735 217,060
Other debtors 281,518 239,168
572,009 613,859

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 39,005 35,800
Hire purchase contracts (see note 8) 75,851 96,524
Trade creditors 441,797 418,716
Taxation and social security 61,412 44,839
Other creditors 182,174 240,871
800,239 836,750

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 18,557 59,759
Hire purchase contracts (see note 8) 105,109 180,960
123,666 240,719

R. & E. Presswork Limited (Registered number: 01707067)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 75,851 96,524
Between one and five years 105,109 180,960
180,960 277,484

Non-cancellable operating leases
2024 2023
£    £   
Within one year 30,000 30,000
Between one and five years 20,000 50,000
50,000 80,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 57,562 95,559
Hire purchase contracts 180,960 277,484
238,522 373,043

The bank loans are secured by legal fixed and floating charges over the freehold property.

The hire purchase contracts are secured against the specific asset that the cash was advanced to purchase. Details of the assets under hire purchase agreements are given in the fixed asset note.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 124,131 143,525

Deferred
tax
£   
Balance at 1 December 2023 143,525
Credit to Profit and Loss Account during year (19,394 )
Balance at 30 November 2024 124,131

R. & E. Presswork Limited (Registered number: 01707067)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
400 Ordinary A £1 400 400
10 Ordinary B £1 10 10
410 410

12. RELATED PARTY DISCLOSURES

Bert Frank Limited

A company in which Mr A J Yeats is a director has a interest.


At the 30 November 2024, the amount due from Bert Frank Limited, included in other debtors, amounted to £169,769 (2023 - £107,497).

This amount is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors of R & E Presswork Limited has given their assurance that the amount will not be demanded until such time as Bert Frank Limited can afford to do so without detriment to its working capital requirements.

R. & E. Presswork (Holdings) Limited

Holding company.


At the 30 November 2024, there was an amount due from R. & E. Presswork (Holdings) Limited in the sum of £217,735 (2023 - £217,060).

This amount is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the director of R. & E. Presswork Limited has given his assurance that the amount will not be demanded until such time as R. & E. Presswork (Holdings) Limited can afford to do so without detriment to its working capital requirements.

Ja & Co London Limited

A company in which Mr A J Yeats is a director and has an interest


At the 30 November 2024, there was an amount due from Ja & Co London Limited amounting to £44,467 (2023 - £70,794).

This amount is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the director of R. & E. Presswork Limited have given his assurance that the amount will not be demanded until such time as JA & Co London Limited can afford to do so without detriment to its working capital requirements.

R. & E. Presswork Limited (Registered number: 01707067)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

12. RELATED PARTY DISCLOSURES - continued

Dual Enterprises Limited

A company in which Mr A J Yeats is a director and shareholder.


At the 30 November 2024, there was an amount due to Dual Enterprises Limited amounting to £129,477 (2023 - £158,741)

This amount is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the director of Dual Enterprises Limited has given his assurance that the amount will not be demanded until such time as R & E Presswork Limited can afford to do so without detriment to its working capital requirements.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
R. & E. Presswork Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R. & E. Presswork Limited for the year ended 30 November 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of R. & E. Presswork Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R. & E. Presswork Limited and state those matters that we have agreed to state to the director of R. & E. Presswork Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R. & E. Presswork Limited and its director for our work or for this report.

It is your duty to ensure that R. & E. Presswork Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of R. & E. Presswork Limited. You consider that R. & E. Presswork Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R. & E. Presswork Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


13 June 2025