Company No: 04399877 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	65,850		78,393
		65,850		78,393
Current assets
Stocks	5	7,500		48,435
Debtors	6	343,393		271,947
Cash at bank and in hand		166,478		102,733
		517,371		423,115
Creditors: amounts falling due within one year	7	( 166,481)		( 167,415)
Net current assets		350,890		255,700
Total assets less current liabilities		416,740		334,093
Creditors: amounts falling due after more than one year	8	( 747)		( 10,926)
Provision for liabilities		( 16,462)		( 19,598)
Net assets		399,531		303,569
Capital and reserves
Called-up share capital		100		100
Profit and loss account		399,431		303,469
Total shareholders' funds		399,531		303,569

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of RB Electronics Limited (registered number: 04399877) were approved and authorised for issue by the Director on 03 October 2025. They were signed on its behalf by:

Mr R A Brown Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

RB Electronics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year adjustment

FRS 102 1A has been applied this year, as the turnover and assets have both exceeded the micro entity thresholds.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Tools and equipment	25 % reducing balance
Office equipment	25 % reducing balance
Computer equipment	25 % reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Prior year adjustment

This is the first year the accounts have been prepared under FRS102 1A. The comparatives have been restated in accordance with FRS 102 1A.

		As previously reported		Adjustment		As restated
Year ended 31 March 2024		£		£		£
Provision for liabilities		0		(19,598)		(19,598)
Net assets		323,167		(19,598)		303,569
Capital and reserves		(323,167)		19,598		(303,569)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	6		6

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Tools and equipment		Office equipment		Computer equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 April 2024	11,776		72,798		13,315		3,129		3,417		13,656		118,091
Additions	0		0		0		333		0		6,722		7,055
At 31 March 2025	11,776		72,798		13,315		3,462		3,417		20,378		125,146
Accumulated depreciation
At 01 April 2024	9,083		8,275		6,455		2,325		3,417		10,143		39,698
Charge for the financial year	673		16,131		1,715		201		0		878		19,598
At 31 March 2025	9,756		24,406		8,170		2,526		3,417		11,021		59,296
Net book value
At 31 March 2025	2,020		48,392		5,145		936		0		9,357		65,850
At 31 March 2024	2,693		64,523		6,860		804		0		3,513		78,393

5. Stocks

	2025		2024
	£		£
Stocks	7,500		48,435

6. Debtors

	2025		2024
	£		£
Trade debtors	204,515		154,710
Other debtors	138,878		117,237
	343,393		271,947

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,920		10,741
Trade creditors	27,429		91,611
Taxation and social security	99,802		21,491
Other creditors	28,330		43,572
	166,481		167,415

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	747		10,926

There are no amounts included above in respect of which any security has been given by the small entity.

9. Related party transactions

Transactions with the entity's director

At 1 April 2024 the balance owed by the directors was £nil. During the year, the company made advances to the directors of £40,518 and received payments of £392, leaving a balance due from the directors of £40,126.

The Directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.