Retro Collectables Ltd - Filleted accounts

Registered number

11712201

Retro Collectables Ltd

Filleted Accounts

31 December 2024

Retro Collectables Ltd
Registered number:		11712201
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		18,456			2,439

Current assets
Stocks		29,500			32,000
Debtors	4	1,156			480
Cash at bank and in hand		9,008			5,550
		39,664			38,030

Creditors: amounts falling due within one year	5	(13,452)			(17,466)

Net current assets			26,212			20,564

Total assets less current liabilities			44,668			23,003

Creditors: amounts falling due after more than one year	6		(23,429)			(9,637)

Provisions for liabilities			(3,507)			(464)


Net assets			17,732			12,902

Capital and reserves
Called up share capital			100			100
Profit and loss account			17,632			12,802

Shareholders' funds			17,732			12,902

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Abid Khan
Director
Approved by the board on 19 September 2025

Retro Collectables Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			2		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	1,204		5,999		7,203
	Additions	-		22,170		22,170
	At 31 December 2024	1,204		28,169		29,373

	Depreciation
	At 1 January 2024	662		4,102		4,764
	Charge for the year	136		6,017		6,153
	At 31 December 2024	798		10,119		10,917

	Net book value
	At 31 December 2024	406		18,050		18,456
	At 31 December 2023	542		1,897		2,439


4	Debtors			2024		2023
£					£

	Directors' loan account			192		-
	Other debtors			964		480
				1,156		480


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			7,440		1,778
	Credit Card			1		-
	Trade creditors			4,244		1,574
	Directors' loan account			-		5,602
	Taxation and social security costs			1,767		8,512
				13,452		17,466


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			23,429		9,637


7	Other information

	Retro Collectables Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	75 Pencoed Avenue
	Cefn Fforest
	Blackwood
	Caerffili
	NP12 3LG