2 01/12/2023 30/11/2024 2024-11-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-12-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 12311890 2023-12-01 2024-11-30 12311890 2024-11-30 12311890 2023-11-30 12311890 2022-12-01 2023-11-30 12311890 2023-11-30 12311890 2022-11-30 12311890 core:PlantMachinery 2023-12-01 2024-11-30 12311890 core:MotorVehicles 2023-12-01 2024-11-30 12311890 bus:RegisteredOffice 2023-12-01 2024-11-30 12311890 bus:LeadAgentIfApplicable 2023-12-01 2024-11-30 12311890 bus:Director1 2023-12-01 2024-11-30 12311890 core:NetGoodwill 2024-11-30 12311890 core:PlantMachinery 2023-11-30 12311890 core:FurnitureFittingsToolsEquipment 2023-11-30 12311890 core:MotorVehicles 2023-11-30 12311890 core:PlantMachinery 2024-11-30 12311890 core:FurnitureFittingsToolsEquipment 2024-11-30 12311890 core:MotorVehicles 2024-11-30 12311890 core:WithinOneYear 2024-11-30 12311890 core:WithinOneYear 2023-11-30 12311890 core:AfterOneYear 2024-11-30 12311890 core:AfterOneYear 2023-11-30 12311890 core:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 12311890 core:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 12311890 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 12311890 core:ShareCapital 2024-11-30 12311890 core:ShareCapital 2023-11-30 12311890 core:RetainedEarningsAccumulatedLosses 2024-11-30 12311890 core:RetainedEarningsAccumulatedLosses 2023-11-30 12311890 core:ShareCapital 2022-11-30 12311890 core:RetainedEarningsAccumulatedLosses 2022-11-30 12311890 core:PreviouslyStatedAmount core:ShareCapital 2024-11-30 12311890 core:NetGoodwill 2023-11-30 12311890 core:PlantMachinery 2023-11-30 12311890 core:FurnitureFittingsToolsEquipment 2023-11-30 12311890 core:MotorVehicles 2023-11-30 12311890 core:FurnitureFittingsToolsEquipment core:LeasedAssetsHeldAsLessee 2024-11-30 12311890 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-11-30 12311890 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-11-30 12311890 bus:SmallEntities 2023-12-01 2024-11-30 12311890 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 12311890 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 12311890 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12311890 bus:FullAccounts 2023-12-01 2024-11-30 12311890 core:IntangibleAssetsOtherThanGoodwill 2023-12-01 2024-11-30 12311890 1 2023-12-01 2024-11-30
Company registration number: 12311890
RELYON AUTOMOTIVE (ESSEX) LIMITED
Unaudited financial statements
30 November 2024
RELYON AUTOMOTIVE (ESSEX) LIMITED
Contents
Directors and other information
Director's report
Accountant's report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements
RELYON AUTOMOTIVE (ESSEX) LIMITED
Directors and other information
Director Mr A Gale
Company number 12311890
Registered office 15 Lampits Hill
Corringham
Stanford le hope
Essex
SS17 9AA
Business address 20 Hill Lane
Hockley
Essex
SS5 4HL
Accountant A.W. Fenn & Co
15 Lampits Hill
Corringham
Stanford le Hope
Essex
SS17 9AA
Bankers Tide
144a Clerkernwell Road
London
RELYON AUTOMOTIVE (ESSEX) LIMITED
Director's report
Year ended 30th November 2024
The director presents his report and the unaudited financial statements of the company for the year ended 30th November 2024.
Director
The director who served the company during the year was as follows:
Mr A Gale
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 25 July 2025 and signed on behalf of the board by:
Mr A Gale
Director
RELYON AUTOMOTIVE (ESSEX) LIMITED
Report to the director on the preparation of the
unaudited statutory financial statements of RELYON AUTOMOTIVE (ESSEX) LIMITED
Year ended 30th November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of RELYON AUTOMOTIVE (ESSEX) LIMITED for the year ended 30th November 2024 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of RELYON AUTOMOTIVE (ESSEX) LIMITED, as a body, in accordance with the terms of my engagement letter dated 14th April 2023. My work has been undertaken solely to prepare for your approval the financial statements of RELYON AUTOMOTIVE (ESSEX) LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than RELYON AUTOMOTIVE (ESSEX) LIMITED and its director as a body for my work or for this report.
It is your duty to ensure that RELYON AUTOMOTIVE (ESSEX) 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 profit of RELYON AUTOMOTIVE (ESSEX) LIMITED. You consider that RELYON AUTOMOTIVE (ESSEX) LIMITED is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of RELYON AUTOMOTIVE (ESSEX) LIMITED. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
A.W. Fenn & Co
Chartered Certified Accountants
15 Lampits Hill
Corringham
Stanford le Hope
Essex
SS17 9AA
25th July 2025
RELYON AUTOMOTIVE (ESSEX) LIMITED
Statement of comprehensive income
Year ended 30th November 2024
2024 2023
Note £ £
Turnover 611,714 567,575
Cost of sales ( 409,997) ( 393,784)
_______ _______
Gross profit 201,717 173,791
Administrative expenses ( 129,814) ( 43,842)
_______ _______
Operating profit 71,903 129,949
Interest payable and similar expenses ( 3,189) ( 1,351)
_______ _______
Profit before taxation 5 68,714 128,598
Tax on profit ( 15,227) ( 30,143)
_______ _______
Profit for the financial year and total comprehensive income 53,487 98,455
_______ _______
All the activities of the company are from continuing operations.
RELYON AUTOMOTIVE (ESSEX) LIMITED
Statement of financial position
30th November 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 6 - -
Tangible assets 7 31,340 20,141
_______ _______
31,340 20,141
Current assets
Stocks 24,400 3,500
Debtors 8 89,236 97,261
Cash at bank and in hand 64,282 80,802
_______ _______
177,918 181,563
Creditors: amounts falling due
within one year 9 ( 89,723) ( 93,886)
_______ _______
Net current assets 88,195 87,677
_______ _______
Total assets less current liabilities 119,535 107,818
Creditors: amounts falling due
after more than one year 10 ( 16,978) ( 13,851)
Provisions for liabilities ( 5,142) ( 3,539)
_______ _______
Net assets 97,415 90,428
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 97,414 90,427
_______ _______
Shareholder funds 97,415 90,428
_______ _______
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 25 July 2025 , and are signed on behalf of the board by:
Mr A Gale
Director
Company registration number: 12311890
RELYON AUTOMOTIVE (ESSEX) LIMITED
Statement of changes in equity
Year ended 30th November 2024
Called up share capital Profit and loss account Total
£ £ £
At 1st December 2022 1 31,472 31,473
Profit for the year 98,455 98,455
_______ _______ _______
Total comprehensive income for the year - 98,455 98,455
Dividends paid and payable ( 39,500) ( 39,500)
_______ _______ _______
Total investments by and distributions to owners - ( 39,500) ( 39,500)
_______ _______ _______
At 30th November 2023 and 1st December 2023 1 90,427 90,428
Profit for the year 53,487 53,487
_______ _______ _______
Total comprehensive income for the year - 53,487 53,487
Dividends paid and payable ( 46,500) ( 46,500)
_______ _______ _______
Total investments by and distributions to owners - ( 46,500) ( 46,500)
_______ _______ _______
At 30th November 2024 1 97,414 97,415
_______ _______ _______
RELYON AUTOMOTIVE (ESSEX) LIMITED
Notes to the financial statements
Year ended 30th November 2024
1. General information
The company is a private company limited by shares, registered in Engalnd and Wales. The address of the registered office is 15 Lampits Hill, Corringham, Stanford le hope, Essex, SS17 9AA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Combined other intangible assets - witten off over 3 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
Fittings fixtures and equipment - written off over 3 years
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured 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 the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 1 ).
5. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 15,450 11,554
_______ _______
6. Intangible assets
Goodwill Total
£ £
Cost
At 1st December 2023 and 30th November 2024 3,001 3,001
_______ _______
Amortisation
At 1st December 2023 and 30th November 2024 3,001 3,001
_______ _______
Carrying amount
At 30th November 2024 - -
_______ _______
At 30th November 2023 - -
_______ _______
7. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1st December 2023 8,770 1,006 36,835 46,611
Additions 5,944 7,635 15,995 29,574
Disposals - - ( 7,500) ( 7,500)
_______ _______ _______ _______
At 30th November 2024 14,714 8,641 45,330 68,685
_______ _______ _______ _______
Depreciation
At 1st December 2023 4,536 701 21,233 26,470
Charge for the year 2,928 1,190 11,332 15,450
Disposals - - ( 4,575) ( 4,575)
_______ _______ _______ _______
At 30th November 2024 7,464 1,891 27,990 37,345
_______ _______ _______ _______
Carrying amount
At 30th November 2024 7,250 6,750 17,340 31,340
_______ _______ _______ _______
At 30th November 2023 4,234 305 15,602 20,141
_______ _______ _______ _______
Obligations under finance leases
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Fixtures, fittings and equipment Motor vehicles
£ £
At 30th November 2024 5,529 15,820
_______ _______
At 30th November 2023 - 7,648
_______ _______
8. Debtors
2024 2023
£ £
Trade debtors 84,111 96,110
Other debtors 5,125 1,151
_______ _______
89,236 97,261
_______ _______
9. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 5,006 5,000
Trade creditors 30,742 32,201
Corporation tax 13,624 30,976
Social security and other taxes 27,559 21,036
Other creditors 12,792 4,673
_______ _______
89,723 93,886
_______ _______
10. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 4,779 9,583
Other creditors 12,199 4,268
_______ _______
16,978 13,851
_______ _______
11. Related party transactions
The company paid dividends totalling £46,500 during the year (2023 £ 39,500) the serving director receives dividends.
12. Controlling party
The company is controlled by its director.