REGISTERED NUMBER: 08225684 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Remedy Tech Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Lacey

B Lacey

R Lacey

D G R Butler

F E Orchard

REGISTERED OFFICE:

Unit 4

Willowbridge Way

Whitwood

West Yorkshire

WF10 5NP

REGISTERED NUMBER:

08225684 (England and Wales)

ACCOUNTANTS:

SMH Reed Smith Ltd

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

S75 3SP

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

302,108

174,520

Investments

6

6

6

302,114

174,526

CURRENT ASSETS

Inventories

206,319

155,880

Debtors

7

2,243,187

2,490,145

Cash at bank

275,742

332,928

2,725,248

2,978,953

CREDITORS

Amounts falling due within one year

8

2,047,397

2,001,745

NET CURRENT ASSETS

677,851

977,208

TOTAL ASSETS LESS CURRENT LIABILITIES

979,965

1,151,734

CREDITORS

Amounts falling due after more than one year

9

(308,685

)

(267,181

)

PROVISIONS FOR LIABILITIES

(45,660

)

(7,207

)

NET ASSETS

625,620

877,346

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

625,616

877,342

SHAREHOLDERS' FUNDS

625,620

877,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

R Lacey - Director

B Lacey - Director

R Lacey - Director

1.	STATUTORY INFORMATION

Remedy Tech Centre 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Remedy Tech Centre Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Inventories 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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2023 - 52 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

131,881

AMORTISATION

At 1 January 2024

and 31 December 2024

131,881

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

143,688

187,900

28,466

360,054

Additions

189,703

-

-

189,703

At 31 December 2024

333,391

187,900

28,466

549,757

DEPRECIATION

At 1 January 2024

140,219

19,867

25,448

185,534

Charge for year

26,700

33,795

1,620

62,115

At 31 December 2024

166,919

53,662

27,068

247,649

NET BOOK VALUE

At 31 December 2024

166,472

134,238

1,398

302,108

At 31 December 2023

3,469

168,033

3,018

174,520

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

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

-

176,000

176,000

Additions

183,060

-

183,060

At 31 December 2024

183,060

176,000

359,060

DEPRECIATION

At 1 January 2024

-

11,733

11,733

Charge for year

23,649

32,854

56,503

At 31 December 2024

23,649

44,587

68,236

NET BOOK VALUE

At 31 December 2024

159,411

131,413

290,824

At 31 December 2023

-

164,267

164,267

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

6

NET BOOK VALUE

At 31 December 2024

6

At 31 December 2023

6

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

481,555

416,112

Amounts owed by associates

1,373,279

1,535,863

Directors' current accounts

99,931

76,681

Section 455 tax

153,425

154,463

Prepayments and other debtors

134,997

307,026

2,243,187

2,490,145

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

50,007

50,000

Hire purchase contracts

45,932

12,977

Trade creditors

96,023

104,805

Amounts owed to associates

1,048,597

1,079,498

Taxation and social security

614,436

551,638

Other creditors

192,402

202,827

2,047,397

2,001,745

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

70,833

120,833

Hire purchase contracts

237,852

146,348

308,685

267,181

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

283,784

159,325

11.	OTHER FINANCIAL COMMITMENTS

Commitments under operating leases

At 31 December 2024 the company had future minimum lease payments under non cancellable operating leases as follows:

2024

2023

£

£

Not later than 1 year

55,500

45,000

Later than 1 year and not later than 5 years

231,250

33,750

Later than 5 years

-

-

286,750

78,750

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

R Lacey

Balance outstanding at start of year

76,681

76,314

Amounts advanced

23,250

367

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

99,931

76,681

R M Lankester

Balance outstanding at start of year

-

159,343

Amounts repaid

-

(159,343

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

13.	RELATED PARTY DISCLOSURES