Retainagroup Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Retainagroup Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03164074 . The registered office is Unit 5 St. Johns Court Foster Road, Ashford Business Park, Ashford, Kent, TN24 0SJ.

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

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. Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2.3. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.4. 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.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Other intangible assets - 3 years straight line

2.6. 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:

Leasehold	Held at revalued amount
Plant & Machinery	3-10 years straight line
Motor Vehicles	4 years straight line
Fixtures, fittings and equipment	3-10 years straight line
Office Equipment	3-5 years straight line

2.7. Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

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Retainagroup Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.8. 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.

2.9. 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.

2.10. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 31 (2024: 33)

4. Prior Period Adjustment

During the preparation of the accounts for the year ended 30 April 2025, errors have been identified relating to various balances in the financial statements for the year ended 30 April 2024. The comparative figures showing the year ended 30 April 2024 in the financial statements have been restated to reflect these adjustments. Both the balance sheet and profit and loss account have been affected. The net impact of the adjustments on the financial statements is a reduction in the profit and loss account of £42,063.

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Retainagroup Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

5. Intangible Assets

	Other
	£
Cost
As at 1 May 2024	-
Additions	14,768

As at 30 April 2025	14,768

Amortisation
As at 1 May 2024	-
Provided during the period	4,100

As at 30 April 2025	4,100

Net Book Value
As at 30 April 2025	10,668

As at 1 May 2024	-

6. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures, fittings and equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 May 2024	521,000	1,168,919	27,034	547,897	2,264,850
Additions	-	-	-	39,181	39,181

As at 30 April 2025	521,000	1,168,919	27,034	587,078	2,304,031

Depreciation
As at 1 May 2024	-	1,052,484	27,034	509,164	1,588,682
Provided during the period	-	27,885	-	16,352	44,237

As at 30 April 2025	-	1,080,369	27,034	525,516	1,632,919

Net Book Value
As at 30 April 2025	521,000	88,550	-	61,562	671,112

As at 1 May 2024	521,000	116,435	-	38,733	676,168

A valuation of the land and buildings was performed on 26 April 2024 by TN Davis Chartered Surveyors on a market value basis in the sum of £521,000. The previous valuation of £482,000 was performed on 25 March 2021 by TN Davis Chartered Surveyors on the same basis.

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Retainagroup Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Investments

	Subsidiaries
	£
Cost
As at 1 May 2024	1,249,173

As at 30 April 2025	1,249,173

Provision
As at 1 May 2024	1,241,776

As at 30 April 2025	1,241,776

Net Book Value
As at 30 April 2025	7,397

As at 1 May 2024	7,397

8. Stocks

	2025	2024 as restated
	£	£
Materials	138,371	95,595

9. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	399,523	410,801
Other debtors	116,241	103,602

	515,764	514,403

10. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	37,718	85,138
Other creditors	12,192	12,069
Taxation and social security	44,860	35,369

	94,770	132,576

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024 as restated
	£	£
Accelerated capital allowances	34,813	35,481
Revaluation of property, plant and equipment	30,693	30,693
Tax losses carried forward	(7,835 )	(13,796 )

	57,671	52,378

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Retainagroup Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

12. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	37,186	37,186

13. Other Commitments

The total amount of financial commitments not included in the balance sheet is £110,250 (2024 - £159,250). The financial commitments being the rental of premises occupied by the company.

14. Reserves

Capital redemption reserve

This is a statutory, non-distributable reserve into which amounts have been transferred following the purchase of the company's own shares out of distributable profits.

Revaluation reserve

The revaluation reserve relates to the uplift in the valuation of leasehold property less the associated deferred tax provision.

Profit and loss account

This reserve comprises all current and prior year retained profits and losses after deducting distributions made to the company's shareholders, transfers to the revaluation reserve and the purchase of own share capital.

15. Controlling Parties

The company's ultimate controlling party is W S B Rowe by virtue of her majority shareholding in the company.

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		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		10,668		-
Tangible Assets	6		671,112		676,168
Investments	7		7,397		7,397

			689,177		683,565
CURRENT ASSETS
Stocks	8	138,371		95,595
Debtors	9	515,764		514,403
Cash at bank and in hand		387,315		495,234

		1,041,450		1,105,232
Creditors: Amounts Falling Due Within One Year	10	(94,770 )		(132,576 )

NET CURRENT ASSETS (LIABILITIES)			946,680		972,656

TOTAL ASSETS LESS CURRENT LIABILITIES			1,635,857		1,656,221

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(57,671 )		(52,378 )

NET ASSETS			1,578,186		1,603,843

CAPITAL AND RESERVES
Called up share capital	12		37,186		37,186
Revaluation reserve	14		92,080		92,080
Capital redemption reserve			3,245		3,245
Profit and Loss Account			1,445,675		1,471,332

SHAREHOLDERS' FUNDS			1,578,186		1,603,843