REGISTERED NUMBER: 03019412 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

RTC Insulation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Tippey

J M Tippey

K Tippey

C Beresford

SECRETARY:

B Tippey

REGISTERED OFFICE:

28 Prescott Street

Halifax

West Yorkshire

HX1 2LG

REGISTERED NUMBER:

03019412 (England and Wales)

ACCOUNTANTS:

Lindley Adams Limited Chartered Accountants

28 Prescott Street

Halifax

West Yorkshire

HX1 2LG

FIXED ASSETS

Tangible assets

5

233,597

125,520

CURRENT ASSETS

Stocks

3,039

2,922

Debtors

6

712,870

799,234

Cash at bank

358,184

250,561

1,074,093

1,052,717

CREDITORS

Amounts falling due within one year

7

327,630

416,388

NET CURRENT ASSETS

746,463

636,329

TOTAL ASSETS LESS CURRENT LIABILITIES

980,060

761,849

CREDITORS

Amounts falling due after more than one year

8

(194,841

)

(95,582

)

PROVISIONS FOR LIABILITIES

(24,020

)

(27,980

)

NET ASSETS

761,199

638,287

CAPITAL AND RESERVES

Called up share capital

205

205

Retained earnings

760,994

638,082

SHAREHOLDERS' FUNDS

761,199

638,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

R M Tippey - Director

1.	STATUTORY INFORMATION

RTC Insulation 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

6,215

12,168

175,678

43,069

237,130

Additions

-

-

287,054

6,624

293,678

Disposals

-

-

(161,524

)

-

(161,524

)

At 30 September 2025

6,215

12,168

301,208

49,693

369,284

DEPRECIATION

At 1 October 2024

6,149

8,965

64,189

32,307

111,610

Charge for year

17

800

30,983

9,244

41,044

Eliminated on disposal

-

-

(16,967

)

-

(16,967

)

At 30 September 2025

6,166

9,765

78,205

41,551

135,687

NET BOOK VALUE

At 30 September 2025

49

2,403

223,003

8,142

233,597

At 30 September 2024

66

3,203

111,489

10,762

125,520

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

Motor

vehicles

£

COST

At 1 October 2024

132,940

Additions

284,055

Disposals

(152,525

)

At 30 September 2025

264,470

DEPRECIATION

At 1 October 2024

33,235

Charge for year

27,980

Eliminated on disposal

(10,738

)

At 30 September 2025

50,477

NET BOOK VALUE

At 30 September 2025

213,993

At 30 September 2024

99,705

6.

DEBTORS

30.9.25

30.9.24

£

£

Amounts falling due within one year:

Trade debtors

459,246

524,302

Other debtors

6,302

-

Directors' loan accounts

200,056

234,547

Prepayments

12,209

6,174

677,813

765,023

Amounts falling due after more than one year:

Refundable corporation tax

35,057

34,211

Aggregate amounts

712,870

799,234

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

1,623

3,168

Hire purchase contracts (see note 9)

28,208

14,918

Trade creditors

165,122

176,505

Tax

90,461

144,711

Social security and other taxes

9,048

9,264

VAT

17,324

20,636

other creditors

3,370

35,511

Accrued expenses

12,474

11,675

327,630

416,388

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts (see note 9)

194,841

95,582

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.9.25

30.9.24

£

£

Gross obligations repayable:

Within one year

43,463

23,124

Between one and five years

221,888

108,801

265,351

131,925

Finance charges repayable:

Within one year

15,255

8,206

Between one and five years

27,047

13,219

42,302

21,425

Net obligations repayable:

Within one year

28,208

14,918

Between one and five years

194,841

95,582

223,049

110,500

Non-cancellable

operating leases

30.9.25

30.9.24

£

£

Within one year

19,900

19,899

Between one and five years

9,949

29,849

29,849

49,748

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Hire purchase contracts

223,049

110,500

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

R M Tippey and K Tippey

Balance outstanding at start of year

234,547

155,424

Amounts advanced

100,316

147,636

Amounts repaid

(134,807

)

(68,513

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

200,056

234,547

All loans are repayable on demand. Interest is charged at 2.25% /3.75% pa