Renforce Manufacturing Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12579547

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		113,474		107,628

			113,474		107,628
CURRENT ASSETS
Stocks	6	480,872		629,107
Debtors	7	383,212		286,521
Cash at bank and in hand		164,858		145,806

		1,028,942		1,061,434
Creditors: Amounts Falling Due Within One Year	8	(913,722 )		(748,154 )

NET CURRENT ASSETS (LIABILITIES)			115,220		313,280

TOTAL ASSETS LESS CURRENT LIABILITIES			228,694		420,908

PROVISIONS FOR LIABILITIES
Deferred Taxation			(28,000 )		(27,000 )

NET ASSETS			200,694		393,908

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			200,692		393,906

SHAREHOLDERS' FUNDS			200,694		393,908

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Renforce Manufacturing Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr H G Dickinson

Director

26 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Renforce Manufacturing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12579547 . The registered office is Renforce Manufacturing Limited, Renishaw Colliery, Staveley Lane, Staveley, Chesterfield, S43 3YQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated useful economic life.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	25% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Renforce Manufacturing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2023: 21)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	1,056

As at 31 December 2024	1,056

Amortisation
As at 1 January 2024	1,056

As at 31 December 2024	1,056

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	147,788	2,950	42,616	4,566	197,920
Additions	35,000	-	-	-	35,000
Disposals	-	(2,950 )	-	-	(2,950 )

As at 31 December 2024	182,788	-	42,616	4,566	229,970

Depreciation
As at 1 January 2024	76,055	2,291	8,354	3,592	90,292
Provided during the period	22,413	-	5,140	942	28,495
Disposals	-	(2,291 )	-	-	(2,291 )

As at 31 December 2024	98,468	-	13,494	4,534	116,496

Net Book Value
As at 31 December 2024	84,320	-	29,122	32	113,474

As at 1 January 2024	71,733	659	34,262	974	107,628

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Renforce Manufacturing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Stocks

	2024	2023
	£	£
Stock	480,872	629,107

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	362,236	252,609
Other debtors	20,976	33,912

	383,212	286,521

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	538,527	284,066
Other creditors	359,295	445,260
Taxation and social security	15,900	18,828

	913,722	748,154

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

10. Other Commitments

The company leases its premises at an annual rent of £35,000 pa. The figure shown above represents the total of future minimum lease payments.

	2024	2023
	£	£
Later than one year and not later than five years	119,583	154,583

	119,583	154,583

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