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REGISTERED NUMBER: 06014780 (England and Wales)














Resource Engineering Supplies Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025






Resource Engineering Supplies Limited (Registered number: 06014780)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


Resource Engineering Supplies Limited

Company Information
for the Year Ended 31 March 2025







Directors: R Peacock
S Hobbs





Registered office: 27 Market Place
Market Deeping
Peterborough
Cambs
PE6 8EA





Business address: Unit 11, Cherry Holt Square
Cherry Holt Road
Bourne
Lincolnshire
PE10 9LA





Registered number: 06014780 (England and Wales)





Accountants: Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Resource Engineering Supplies Limited


The following reproduces the text of the report prepared for the directors 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 Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors 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 Resource Engineering Supplies Limited for the year ended 31 March 2025 which comprise the Statement of income and retained earnings, Statement of financial position 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 Board of Directors of Resource Engineering Supplies Limited, as a body, in accordance with the terms of our engagement letter dated 19 October 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Resource Engineering Supplies Limited and state those matters that we have agreed to state to the Board of Directors of Resource Engineering Supplies Limited, as a body, 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 Resource Engineering Supplies Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Resource Engineering Supplies 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 Resource Engineering Supplies Limited. You consider that Resource Engineering Supplies 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 Resource Engineering Supplies 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.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA


28 July 2025

Resource Engineering Supplies Limited (Registered number: 06014780)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 5 58,355 53,457
Investments 6 1 1
58,356 53,458

Current assets
Stocks 218,714 289,763
Debtors 7 421,061 426,999
Cash at bank and in hand 17,255 24,738
657,030 741,500
Creditors
Amounts falling due within one year 8 493,118 571,979
Net current assets 163,912 169,521
Total assets less current liabilities 222,268 222,979

Creditors
Amounts falling due after more than one
year

9

(24,826

)

(28,281

)

Provisions for liabilities (13,541 ) (12,222 )
Net assets 183,901 182,476

Capital and reserves
Called up share capital 136 136
Share premium 698 698
Retained earnings 183,067 181,642
183,901 182,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Resource Engineering Supplies Limited (Registered number: 06014780)

Statement of Financial Position - continued
31 March 2025


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:




R Peacock - Director



S P Hobbs - Director


Resource Engineering Supplies Limited (Registered number: 06014780)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. Statutory information

Resource Engineering Supplies 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Resource Engineering Supplies Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on a straight line basis and 15% reducing balance

Impairment of fixed assets

The carrying values of tangible fixed assets are reviewed for impairment annually by the directors without revaluing the assets. Where the aggregate value of those assets is less than the aggregate that they are stated in the company's accounts, a provision will be made for any material impairment.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Resource Engineering Supplies Limited (Registered number: 06014780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. 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 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.

4. Employees and directors

The average number of employees during the year was 13 (2024 - 13 ) .

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2024 73,366 59,452 57,676 190,494
Additions 127 - 22,800 22,927
At 31 March 2025 73,493 59,452 80,476 213,421
Depreciation
At 1 April 2024 54,270 48,866 33,901 137,037
Charge for year 2,842 1,562 13,625 18,029
At 31 March 2025 57,112 50,428 47,526 155,066
Net book value
At 31 March 2025 16,381 9,024 32,950 58,355
At 31 March 2024 19,096 10,586 23,775 53,457

6. Fixed asset investments

The cost of the investment in R & S Management Team Limited, a company incorporated in England and Wales, represents 100% of the issued share capital of that company and 100% of the voting rights. R & S Management Team Limited is a supplier of marketing services and the registered office address is 27 Market Place, Market Deeping, Peterborough, PE6 8EA.

Resource Engineering Supplies Limited (Registered number: 06014780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


7. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 414,891 420,579
Other debtors 6,170 6,420
421,061 426,999

8. Creditors: amounts falling due within one year
2025 2024
£    £   
Bank loans and overdrafts 10,050 10,262
Hire purchase contracts (see note 10) 10,638 9,604
Trade creditors 225,300 268,561
Amounts owed to group undertakings 185,503 197,368
Taxation and social security 26,489 57,512
Other creditors 35,138 28,672
493,118 571,979

Finance leases and hire purchase agreements are secured against the assets to which they relate.

9. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Bank loans 2,459 12,509
Hire purchase contracts (see note 10) 22,367 15,772
24,826 28,281

Bank loans consists of the government backed bounceback loan.

Finance leases and hire purchase agreements are secured against the assets to which they relate.

10. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 10,638 9,604
Between one and five years 22,367 15,772
33,005 25,376

Resource Engineering Supplies Limited (Registered number: 06014780)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


10. Leasing agreements - continued

Non-cancellable operating leases
2025 2024
£    £   
Within one year 27,600 19,038
Between one and five years 25,001 36,903
52,601 55,941

Liabilities under finance lease and hire purchase contracts are secured by the assets financed.

11. Share capital

Allotted, issued and fully paid:
2024 2023
No. £    No. £   
Ordinary shares of £1 each 102 102.00 102 102.00
Ordinary A shares of £1 each 2 2.00 2 2.00
Ordinary E shares of £1 each 32 32.00 32 32.00
136 136.00 136 136.00