40 41 Batorer Limited 01174747 false 2023-08-01 2024-12-31 2024-12-31 The principal activity of the company is that of precision engineers specialising in high quality turned parts Digita Accounts Production Advanced 6.30.9574.0 true 01174747 2023-08-01 2024-12-31 01174747 2024-12-31 01174747 bus:OrdinaryShareClass1 2024-12-31 01174747 bus:OrdinaryShareClass2 2024-12-31 01174747 bus:OrdinaryShareClass3 2024-12-31 01174747 core:OtherReservesSubtotal 2024-12-31 01174747 core:RetainedEarningsAccumulatedLosses 2024-12-31 01174747 core:RevaluationReserve 2024-12-31 01174747 core:ShareCapital 2024-12-31 01174747 core:SharePremium 2024-12-31 01174747 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-12-31 01174747 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-12-31 01174747 core:CurrentFinancialInstruments 2024-12-31 01174747 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01174747 core:Non-currentFinancialInstruments 2024-12-31 01174747 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 01174747 core:FurnitureFittingsToolsEquipment 2024-12-31 01174747 core:LandBuildings 2024-12-31 01174747 core:OtherPropertyPlantEquipment 2024-12-31 01174747 core:PlantMachinery 2024-12-31 01174747 1 2024-12-31 01174747 bus:SmallEntities 2023-08-01 2024-12-31 01174747 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-12-31 01174747 bus:FilletedAccounts 2023-08-01 2024-12-31 01174747 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-12-31 01174747 bus:RegisteredOffice 2023-08-01 2024-12-31 01174747 bus:Director2 2023-08-01 2024-12-31 01174747 bus:OrdinaryShareClass1 2023-08-01 2024-12-31 01174747 bus:OrdinaryShareClass2 2023-08-01 2024-12-31 01174747 bus:OrdinaryShareClass3 2023-08-01 2024-12-31 01174747 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-12-31 01174747 core:ComputerEquipment 2023-08-01 2024-12-31 01174747 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-12-31 01174747 core:LandBuildings 2023-08-01 2024-12-31 01174747 core:OtherPropertyPlantEquipment 2023-08-01 2024-12-31 01174747 core:PlantMachinery 2023-08-01 2024-12-31 01174747 core:ToolsEquipment 2023-08-01 2024-12-31 01174747 1 2023-08-01 2024-12-31 01174747 1 2023-08-01 2024-12-31 01174747 countries:AllCountries 2023-08-01 2024-12-31 01174747 2023-07-31 01174747 core:FurnitureFittingsToolsEquipment 2023-07-31 01174747 core:LandBuildings 2023-07-31 01174747 core:OtherPropertyPlantEquipment 2023-07-31 01174747 2022-08-01 2023-07-31 01174747 2023-07-31 01174747 bus:OrdinaryShareClass1 2023-07-31 01174747 bus:OrdinaryShareClass2 2023-07-31 01174747 bus:OrdinaryShareClass3 2023-07-31 01174747 core:OtherReservesSubtotal 2023-07-31 01174747 core:RetainedEarningsAccumulatedLosses 2023-07-31 01174747 core:RevaluationReserve 2023-07-31 01174747 core:ShareCapital 2023-07-31 01174747 core:SharePremium 2023-07-31 01174747 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-07-31 01174747 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-07-31 01174747 core:CurrentFinancialInstruments 2023-07-31 01174747 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 01174747 core:Non-currentFinancialInstruments 2023-07-31 01174747 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 01174747 core:FurnitureFittingsToolsEquipment 2023-07-31 01174747 core:LandBuildings 2023-07-31 01174747 core:OtherPropertyPlantEquipment 2023-07-31 01174747 core:PlantMachinery 2023-07-31 01174747 1 2023-07-31 01174747 bus:OrdinaryShareClass3 2022-08-01 2023-07-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 01174747

Batorer Limited

Unaudited Filleted Financial Statements

for the Period from 1 August 2023 to 31 December 2024

 

Batorer Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 9

 

Batorer Limited

(Registration number: 01174747)
Balance Sheet as at 31 December 2024

Note

2024

2023

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

331,836

 

361,461

Current assets

   

 

Stocks

178,690

 

220,417

 

Debtors

5

562,062

 

573,517

 

Cash at bank and in hand

 

20,938

 

34,249

 

 

761,690

 

828,183

 

Creditors: Amounts falling due within one year

6

(814,333)

 

(786,015)

 

Net current (liabilities)/assets

   

(52,643)

 

42,168

Total assets less current liabilities

   

279,193

 

403,629

Creditors: Amounts falling due after more than one year

6

 

(12,016)

 

(174,898)

Provisions for liabilities

 

(59,000)

 

(84,000)

Net assets

   

208,177

 

144,731

Capital and reserves

   

 

Called up share capital

9

1,500

 

1,500

 

Share premium reserve

-

 

18,000

 

Revaluation reserve

77,500

 

-

 

Other reserves

-

 

48,500

 

Retained earnings

129,177

 

76,731

 

Shareholders' funds

   

208,177

 

144,731

 

Batorer Limited

(Registration number: 01174747)
Balance Sheet as at 31 December 2024

For the financial period ending 31 December 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 members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 August 2025
 

.........................................
S J Irving
Director

 

Batorer Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rawfolds Way
Spen Valley Industrial Park
Cleckheaton
West Yorkshire
BD19 5LJ

These financial statements were authorised for issue by the director on 26 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 including the disclosure and presentation requirements of Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Disclosure of long or short period

The Company changed its accounting reference date from 31 July to 31 December, resulting in an extended accounting period of 17 months. As a result, the financial statements for the current period are not directly comparable to those of prior periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably and (d) it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Batorer Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Plant and machinery assets are carried at a revalued amount using the revaluation model, where assets are measured at fair value at the date of revaluation less any subsequent accumulated depreciation and impairment losses.

Revaluations are undertaken by the directors with sufficient regularity to ensure carrying amounts do not differ materially from fair value at the reporting date.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, to their residual values as follows:

Asset class

Depreciation method and rate

Leasehold improvements

Over term of lease

Tools & fixtures

20% straight line

Computer equipment

25% straight line

Plant & machinery

Equally over 7 years

Tooling & machine parts

Equally over 7 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Batorer Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Batorer Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 40 (2023 - 41).

 

Batorer Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024

4

Tangible assets

Leasehold improvements
£

Plant and machinery, Tooling & machine parts
 £

Tools, fixtures & Computer equipment
 £

Total
£

Cost or valuation

At 1 August 2023

140,238

2,746,704

135,743

3,022,685

Revaluations

-

77,500

-

77,500

Additions

500

990

622

2,112

Disposals

(58,289)

(36,559)

(107,676)

(202,524)

At 31 December 2024

82,449

2,788,635

28,689

2,899,773

Depreciation

At 1 August 2023

135,852

2,397,498

127,874

2,661,224

Charge for the period

2,536

102,460

4,241

109,237

Eliminated on disposal

(58,289)

(36,559)

(107,676)

(202,524)

At 31 December 2024

80,099

2,463,399

24,439

2,567,937

Carrying amount

At 31 December 2024

2,350

325,236

4,250

331,836

At 31 July 2023

4,386

349,206

7,869

361,461

Revaluation

The fair value of the company's plant and machinery was revalued on 31 December 2024. An independent valuer was not involved.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2023 - £Nil).

5

Debtors

Current

2024
£

2023
£

Trade debtors

529,753

530,200

Prepayments

30,583

41,462

Other debtors

1,726

1,855

 

562,062

573,517

 

Batorer Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

114,712

132,479

Trade creditors

 

157,603

248,341

Taxation and social security

 

167,018

122,719

Accruals and deferred income

 

20,240

20,235

Other creditors

 

354,760

262,241

 

814,333

786,015

Included in other creditors is an amount of £352,606 (2023 : £260,344) relating to invoice financing, this is secured on the debtor book of the company.

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

12,016

174,898

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

16,667

33,334

Hire purchase contracts

93,545

90,144

Other borrowings

4,500

9,001

114,712

132,479

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

30,555

Hire purchase contracts

12,016

144,343

12,016

174,898

Bank borrowings

The carrying amount at period end is £16,667 (2023 - £63,888).

Fixed & floating charge over all the property or undertaking of the company was released in last year.

 

Batorer Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 December 2024

Other borrowings

The carrying amount of Finance lease liabilities at the year end is £105,561 (2023 - £234,487)

Finance lease liabilities are secured on the assets to which they relate.

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £414,257 (2023 - £543,308).

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

"A" Ordinary shares of £1 each

1,000

1,000

1,000

1,000

"B" Ordinary shares of £1 each

250

250

500

500

"C" Ordinary shares of £1 (2023 - £0) each

250

250

-

-

1,500

1,500

1,500

1,500