REGISTERED NUMBER: 08009617 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RETROPOWER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Nathaniel Seviour

Callum Seviour

REGISTERED OFFICE:

Unit 1, Oaklands Farm

Higham Lane

Wykin Village

Hinckley

Leicestershire

LE10 3EF

REGISTERED NUMBER:

08009617 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants

25 Station Road

Hinckley

Leicestershire

LE10 1AP

FIXED ASSETS

Tangible assets

4

127,240

118,066

CURRENT ASSETS

Stocks

35,000

27,290

Debtors

5

285,463

237,637

Cash at bank

38,889

46,735

359,352

311,662

CREDITORS

Amounts falling due within one year

6

161,023

155,428

NET CURRENT ASSETS

198,329

156,234

TOTAL ASSETS LESS CURRENT LIABILITIES

325,569

274,300

CREDITORS

Amounts falling due after more than one year

7

57,721

-

NET ASSETS

267,848

274,300

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

267,846

274,298

SHAREHOLDERS' FUNDS

267,848

274,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 December 2025 and were signed on its behalf by:

Callum Seviour - Director

Nathaniel Seviour - Director

1.	STATUTORY INFORMATION

Retropower 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.

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.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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 21 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

5,624

174,860

3,500

16,273

200,257

Additions

150

18,807

-

8,073

27,030

At 31 March 2025

5,774

193,667

3,500

24,346

227,287

DEPRECIATION

At 1 April 2024

2,084

67,330

2,583

10,194

82,191

Charge for year

369

12,634

183

4,670

17,856

At 31 March 2025

2,453

79,964

2,766

14,864

100,047

NET BOOK VALUE

At 31 March 2025

3,321

113,703

734

9,482

127,240

At 31 March 2024

3,540

107,530

917

6,079

118,066

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

148,391

192,074

Other debtors

85,518

33,160

Directors' current accounts

13,665

-

Prepayments

37,889

12,403

285,463

237,637

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

23,590

-

Trade creditors

73,661

71,995

Corporation tax

2,082

(31

)

Social security and other taxes

19,355

16,616

VAT

35,192

53,453

Other creditors

3,850

5,195

Directors' current accounts

1,468

6,450

Accruals and deferred income

1,825

1,750

161,023

155,428

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

24,860

-

Bank loans - 2-5 years

32,861

-

57,721

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.	RELATED PARTY DISCLOSURES

During the year, the Company entered into the following material transactions with related parties:

- The Den Automotive Limited, a Company which shares directors, was provided with a £100,000 start up loan. The transaction was not at arm's length.

At the year end, the following balance was outstanding and is included in other debtors:-

- The Den Automotive Limited, £85,518 (2024: £nil).