REGISTERED NUMBER: 00756929 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Retail Efficiency Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D A Stidolph

C Haggard

R Stidolph

REGISTERED OFFICE:

12 Acorn Business Park

Northarbour Road

Portsmouth

Hampshire

PO6 3TH

REGISTERED NUMBER:

00756929 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

12 Acorn Business Park

Northarbour Road

Portsmouth

Hampshire

PO6 3TH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,062

2,609

Investments

6

1

1

2,063

2,610

CURRENT ASSETS

Debtors

7

184,986

163,563

Cash at bank and in hand

63,201

78,441

248,187

242,004

CREDITORS

Amounts falling due within one year

8

79,960

95,966

NET CURRENT ASSETS

168,227

146,038

TOTAL ASSETS LESS CURRENT LIABILITIES

170,290

148,648

PROVISIONS FOR LIABILITIES

516

652

NET ASSETS

169,774

147,996

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Retained earnings

168,274

146,496

SHAREHOLDERS' FUNDS

169,774

147,996

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

C Haggard - Director

1.	STATUTORY INFORMATION

Retail Efficiency 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.

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 represents the value of services (excluding value added tax) provided under contracts to extent that there is a right to consideration and is recorded at the value of the consideration due.Where a contract has only been partially completed at the balance sheet date turnover represents the value of services provided to date based on proportion of the total expected consideration on completion. Where payments are received from customers in advance of services provided,the amounts received are recorded as Deferred Income and included as part of creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the aquisition of a business in 1992, has been written off evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Investments

-

not provided

Taxation

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

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 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

100

AMORTISATION

At 1 June 2024

and 31 May 2025

100

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Computer

and

equipment

fittings

Investments

Totals

£

£

£

£

COST

At 1 June 2024

and 31 May 2025

8,122

11,262

422

19,806

DEPRECIATION

At 1 June 2024

6,594

10,603

-

17,197

Charge for year

382

165

-

547

At 31 May 2025

6,976

10,768

-

17,744

NET BOOK VALUE

At 31 May 2025

1,146

494

422

2,062

At 31 May 2024

1,528

659

422

2,609

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2024

and 31 May 2025

1

NET BOOK VALUE

At 31 May 2025

1

At 31 May 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

147,959

128,254

Amounts recoverable on contract

36,333

34,909

Other debtors

694

400

184,986

163,563

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,570

2,613

Taxation and social security

51,121

53,906

Other creditors

24,269

39,447

79,960

95,966

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

12,680

12,680

Between one and five years

3,170

15,850

15,850

28,530

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.