REGISTERED NUMBER: 02444789 (England and Wales)

Readycrest Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

T J Dansey

Mrs E P Dansey

SECRETARY:

Mrs E P Dansey

REGISTERED OFFICE:

14 Stirling Park

Laker Road

Rochester

Kent

ME1 3QR

REGISTERED NUMBER:

02444789 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Intangible assets

4

360

420

Tangible assets

5

14,217

19,445

Investments

6

2

2

14,579

19,867

CURRENT ASSETS

Inventories

4,497

4,627

Debtors

7

413,892

308,430

Cash at bank

77,773

63,539

496,162

376,596

CREDITORS

Amounts falling due within one year

8

406,774

291,937

NET CURRENT ASSETS

89,388

84,659

TOTAL ASSETS LESS CURRENT LIABILITIES

103,967

104,526

CREDITORS

Amounts falling due after more than one year

9

-

(2,345

)

PROVISIONS FOR LIABILITIES

(3,608

)

(4,862

)

NET ASSETS

100,359

97,319

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

99,359

96,319

SHAREHOLDERS' FUNDS

100,359

97,319

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

T J Dansey - Director

1.	STATUTORY INFORMATION

Readycrest 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 Readycrest 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.

Income recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Land and buildings

-

Over the term of the lease

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end.

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 12 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

600

AMORTISATION

At 1 January 2024

180

Charge for year

60

At 31 December 2024

240

NET BOOK VALUE

At 31 December 2024

360

At 31 December 2023

420

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

20,500

148,183

168,683

Additions

-

4,480

4,480

At 31 December 2024

20,500

152,663

173,163

DEPRECIATION

At 1 January 2024

20,500

128,738

149,238

Charge for year

-

9,708

9,708

At 31 December 2024

20,500

138,446

158,946

NET BOOK VALUE

At 31 December 2024

-

14,217

14,217

At 31 December 2023

-

19,445

19,445

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

2

NET BOOK VALUE

At 31 December 2024

2

At 31 December 2023

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

406,181

302,541

Other debtors

7,711

5,889

413,892

308,430

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

36,345

18,035

Trade creditors

135,037

63,883

Amounts owed to group undertakings

2

2

Taxation and social security

95,066

93,603

Other creditors

140,324

116,414

406,774

291,937

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

2,345

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

36,345

20,380

The bank loan is secured by a fixed and floating charge over the company's assets.