R.T. Bearings Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11445308 (England and Wales)

R.T. BEARINGS HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Round

J C Taberner

REGISTERED OFFICE:

Beauchamp House

402-403 Stourport Road

Kidderminster

United Kingdom

DY11 7BG

REGISTERED NUMBER:

11445308 (England and Wales)

FIXED ASSETS

Tangible assets

4

90,800

118,500

Investments

5

181

90,981

118,681

CURRENT ASSETS

Debtors

6

123,430

9,665

Cash at bank

121,273

424,945

244,703

434,610

CREDITORS

Amounts falling due within one year

7

13,254

243,033

NET CURRENT ASSETS

231,449

191,577

TOTAL ASSETS LESS CURRENT
LIABILITIES

322,430

310,258

PROVISIONS FOR LIABILITIES

8

19,001

22,201

NET ASSETS

303,429

288,057

CAPITAL AND RESERVES

Called up share capital

181

Retained earnings

303,248

287,876

303,429

288,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 11th August 2025 and were signed on its behalf by:

J C Taberner - Director

1.	STATUTORY INFORMATION

R.T. Bearings Holdings 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.	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.

Preparation of consolidated financial statements

The financial statements contain information about R.T. Bearings Holdings 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 fixed assets

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

Plant and machinery

-

10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

and 31st December 2024

277,000

DEPRECIATION

At 1st January 2024

158,500

Charge for year

27,700

At 31st December 2024

186,200

NET BOOK VALUE

At 31st December 2024

90,800

At 31st December 2023

118,500

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

181

NET BOOK VALUE

At 31st December 2024

181

At 31st December 2023

181

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

123,430

-

Directors' current accounts

-

9,665

123,430

9,665

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed to group undertakings

-

228,570

Corporation tax

11,078

12,207

VAT

1,800

1,880

Directors' current accounts

1

Accrued expenses

375

13,254

243,033

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

19,001

22,201

Deferred tax

£

Balance at 1st January 2024

22,201

Provided during year

(3,200

)

Balance at 31st December 2024

19,001

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

J C Taberner

Balance outstanding at start of year

9,665

-

Amounts advanced

-

9,665

Amounts repaid

(9,665

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9,665

10.	RELATED PARTY DISCLOSURES

During the year dividends totalling £302,231 (2023 - £400,000) were received from R T Bearings Limited a wholly owned subsidiary of R T Bearings Holdings Limited.

As at 31st December 2024 £123,430 was owed from R T Bearings Limited (2023 - £228,570 was owed to R T Bearings Limited).