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R-TECH SERVICES LTD

Registered Number
04547830
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

R-TECH SERVICES LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

BURT, Stephen James
FRANKS, Benjamin David
FRANKS, Jonathan Mark
MUMFORD, David Gareth, Dr

Registered Address

Testing House Kenfig Industrial Estate
Margam
Port Talbot
SA13 2PE

Registered Number

04547830 (England and Wales)
R-TECH SERVICES LTD
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets31,339,414759,593
1,339,414759,593
Current assets
Debtors41,128,150823,056
Cash at bank and on hand174,009509,146
1,302,1591,332,202
Creditors amounts falling due within one year5(449,268)(476,122)
Net current assets (liabilities)852,891856,080
Total assets less current liabilities2,192,3051,615,673
Creditors amounts falling due after one year6(378,752)(123,149)
Provisions for liabilities(132,127)(146,897)
Net assets1,681,4261,345,627
Capital and reserves
Profit and loss account1,681,4261,345,627
Shareholders' funds1,681,4261,345,627
The financial statements were approved and authorised for issue by the Board of Directors on 23 July 2025, and are signed on its behalf by:
FRANKS, Benjamin David
Director
Registered Company No. 04547830
R-TECH SERVICES LTD
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Plant and machinery has been depreciated to its estimated residual value. The residual value represents the fair value of the asset in the event of disposal at an arms length transaction. The previous rate of depreciation was considered to be too aggressive. No further depreciation shall be charged on those assets, however it shall be subject to an annual impairment review. The change in estimate has been applied prospectively. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-5
Fixtures and fittings15-
Office Equipment-5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20252024
Average number of employees during the year3631
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 241,948,080
Additions654,969
At 31 March 252,603,049
Depreciation and impairment
At 01 April 241,188,487
Charge for year75,148
At 31 March 251,263,635
Net book value
At 31 March 251,339,414
At 31 March 24759,593
On the balance sheet date, the assets on finance lease has a net book value of £98,210 and no depreciation charge on such assets for the year.
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables296,416160,516
Amounts owed by group undertakings722,701618,400
Other debtors92,40325,142
Prepayments and accrued income16,63018,998
Total1,128,150823,056
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables105,692172,543
Bank borrowings and overdrafts40,00040,000
Amounts owed to related parties3,672-
Taxation and social security78,619187,696
Finance lease and HP contracts71,43611,965
Other creditors4,9277,084
Accrued liabilities and deferred income144,92256,834
Total449,268476,122
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts51,66691,667
Other creditors327,08631,482
Total378,752123,149
7.Obligations under finance leases

2025

2024

££
Finance lease and HP contracts190,39223,930
8.Other commitments
The company entered into a seven year lease on 6 February 2019 for the premises it now occupies. The lease premiums are £40,000 per annum.
9.Related party transactions
The company has taken advantage of the exemptions available under FRS 102 section 33.1A and has not disclosed transactions with wholly owned subsidiaries of immediate parent company R-Tech Materials Limited.