REGISTERED NUMBER: 05040688 (England and Wales)

RG BEATTIE (BEDS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

143,858

134,675

CURRENT ASSETS

Stocks

5

10,080

6,545

Debtors

6

265,830

330,891

Cash at bank

877,817

718,183

1,153,727

1,055,619

CREDITORS

Amounts falling due within one year

7

179,294

188,411

NET CURRENT ASSETS

974,433

867,208

TOTAL ASSETS LESS CURRENT LIABILITIES

1,118,291

1,001,883

CREDITORS

Amounts falling due after more than one year

8

-

(9,246

)

PROVISIONS FOR LIABILITIES

(35,964

)

(25,588

)

NET ASSETS

1,082,327

967,049

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

1,082,267

966,989

SHAREHOLDERS' FUNDS

1,082,327

967,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

Mr A Dockerill - Director

1.	STATUTORY INFORMATION

RG Beattie (Beds) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05040688

Registered office:

7-8

Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

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.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover is derived from electrical installation and is recognised when the services are delivered to the customer.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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date.

Deferred tax

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 29 February 2024

7,668

6,366

233,523

247,557

Additions

-

1,025

41,945

42,970

At 28 February 2025

7,668

7,391

275,468

290,527

DEPRECIATION

At 29 February 2024

4,252

2,077

106,553

112,882

Charge for year

855

1,188

31,744

33,787

At 28 February 2025

5,107

3,265

138,297

146,669

NET BOOK VALUE

At 28 February 2025

2,561

4,126

137,171

143,858

At 28 February 2024

3,416

4,289

126,970

134,675

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 29 February 2024

and 28 February 2025

49,911

DEPRECIATION

At 29 February 2024

24,137

Charge for year

6,444

At 28 February 2025

30,581

NET BOOK VALUE

At 28 February 2025

19,330

At 28 February 2024

25,774

5.

STOCKS

2025

2024

£

£

Stocks

3,000

3,000

Work-in-progress

7,080

3,545

10,080

6,545

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

14,770

62,230

Other debtors

49,463

43,114

64,233

105,344

Amounts falling due after more than one year:

Other debtors

201,597

225,547

Aggregate amounts

265,830

330,891

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,246

10,076

Trade creditors

1,363

23,706

Taxation and social security

56,314

51,475

Other creditors

112,371

103,154

179,294

188,411

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

9,246

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the directors were owed £110,391(2024 - £101,354).

Maccon Properties Limited

A company in which Mr A Dockerill and Mrs L Dockerill are directors and shareholders.

During the year there were management fees of £21,550 (2024: £19,800) paid to Maccon Properties.

2025

2024

£

£

Amount due to related party

203,997

227,947

No interest is payable on these loans and there are no agreed repayment terms.