REGISTERED NUMBER: 06074908 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

RF ELECTRICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Fallon

REGISTERED OFFICE:

22 The Courtyard Gorsey Lane

Coleshill

Birmingham

B46 1JA

REGISTERED NUMBER:

06074908 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Tangible assets

4

346,529

302,356

CURRENT ASSETS

Debtors

5

1,739,469

1,402,651

Cash at bank

393,743

757,833

2,133,212

2,160,484

CREDITORS

Amounts falling due within one year

6

353,518

567,841

NET CURRENT ASSETS

1,779,694

1,592,643

TOTAL ASSETS LESS CURRENT LIABILITIES

2,126,223

1,894,999

CREDITORS

Amounts falling due after more than one year

7

-

(11,369

)

PROVISIONS FOR LIABILITIES

(13,982

)

(17,689

)

NET ASSETS

2,112,241

1,865,941

CAPITAL AND RESERVES

Called up share capital

101

101

Revaluation reserve

8

59,000

-

Retained earnings

2,053,140

1,865,840

2,112,241

1,865,941

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 December 2025 and were signed by:

R Fallon - Director

1.	STATUTORY INFORMATION

RF Electrics 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 as modified by the revaluation of certain assets.

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.

Freehold property

-

not depreciated

Plant and machinery

-

20% on reducing balance

Other

-

33% per annum of cost

Motor vehicles

-

25% reducing balance

Computer equipment

-

20% on reducing balance

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

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 10 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Other

£

£

£

COST OR VALUATION

At 1 June 2024

231,602

23,200

4,750

Additions

-

-

-

Revaluations

59,000

-

-

At 31 May 2025

290,602

23,200

4,750

DEPRECIATION

At 1 June 2024

-

5,005

2,221

Charge for year

-

2,729

1,567

At 31 May 2025

-

7,734

3,788

NET BOOK VALUE

At 31 May 2025

290,602

15,466

962

At 31 May 2024

231,602

18,195

2,529

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 June 2024

74,304

23,258

357,114

Additions

-

647

647

Revaluations

-

-

59,000

At 31 May 2025

74,304

23,905

416,761

DEPRECIATION

At 1 June 2024

38,268

9,264

54,758

Charge for year

9,009

2,169

15,474

At 31 May 2025

47,277

11,433

70,232

NET BOOK VALUE

At 31 May 2025

27,027

12,472

346,529

At 31 May 2024

36,036

13,994

302,356

Cost or valuation at 31 May 2025 is represented by:

Freehold

Plant and

property

machinery

Other

£

£

£

Valuation in 2025

59,000

-

-

Cost

231,602

23,200

4,750

290,602

23,200

4,750

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2025

-

-

59,000

Cost

74,304

23,905

357,761

74,304

23,905

416,761

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

743,418

568,905

Amounts owed by participating interests

710,809

241,788

Other debtors

285,242

591,958

1,739,469

1,402,651

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,369

10,226

Trade creditors

187,389

202,770

Taxation and social security

146,789

345,679

Other creditors

7,971

9,166

353,518

567,841

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

11,369

8.

RESERVES

Revaluation

reserve

£

Revaluation reserve

59,000

At 31 May 2025

59,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

R Fallon

Balance outstanding at start of year

438,940

-

Amounts advanced

316,342

561,867

Amounts repaid

(475,782

)

(122,927

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

279,500

438,940