Company No: 02120758 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

James Joseph Screen

SECRETARY

Elizabeth Screen

REGISTERED OFFICE	Unit 5 Rosse Close
	Washington
	NE37 1ET
	United Kingdom

COMPANY NUMBER

02120758 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	127,437		159,882
		127,437		159,882
Current assets
Stocks		3,673		3,673
Debtors	5	186,249		153,049
Cash at bank and in hand		223,054		162,397
		412,976		319,119
Creditors: amounts falling due within one year	6	( 250,310)		( 244,561)
Net current assets		162,666		74,558
Total assets less current liabilities		290,103		234,440
Creditors: amounts falling due after more than one year	7	0		( 29,728)
Net assets		290,103		204,712
Capital and reserves
Called-up share capital		1,001		1,001
Profit and loss account		289,102		203,711
Total shareholders' funds		290,103		204,712

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Runitem Limited (registered number: 02120758) were approved and authorised for issue by the Director on 19 May 2026. They were signed on its behalf by:

James Joseph Screen Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Runitem Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 5 Rosse Close, Washington, NE37 1ET, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Runitem Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the provision of drains, plumbing and heating services stated net of discounts and value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company and is at the point of the services being completed.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term employee benefits are recognised as an expense in the period in which they are incurred.

Taxation

Current tax
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognitionof income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted

Intangible assets

Franchise licence fee costs have been capitalised and are amortised on a straight line basis over the term of the licence of 12 years.

Goodwill	1 - 12 years straight line
Other intangible assets	1 - 5 years straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Plant and machinery etc.

3 - 7 years straight line

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit and loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks

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

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases.

Assets held under finance leases are recognised initially at the fair value of the leased asset (or, if lower, the present value of minimum lease payments) at the inception of the lease. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss. Assets held under finance leases are included in tangible fixed assets and depreciated and assessed for impairment losses in the same way as owned assets.

Rentals payable under operating leases are charges to profit or loss on a straight line basis over the term of the lease

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	20		20

3. Intangible assets

	Goodwill		Other intangible assets		Total
	£		£		£
Cost
At 01 January 2025	60,000		50,000		110,000
At 31 December 2025	60,000		50,000		110,000
Accumulated amortisation
At 01 January 2025	60,000		50,000		110,000
At 31 December 2025	60,000		50,000		110,000
Net book value
At 31 December 2025	0		0		0
At 31 December 2024	0		0		0

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	650,967		650,967
Additions	42,418		42,418
Disposals	( 63,348)		( 63,348)
At 31 December 2025	630,037		630,037
Accumulated depreciation
At 01 January 2025	491,085		491,085
Charge for the financial year	63,286		63,286
Disposals	( 51,771)		( 51,771)
At 31 December 2025	502,600		502,600
Net book value
At 31 December 2025	127,437		127,437
At 31 December 2024	159,882		159,882

5. Debtors

	2025		2024
	£		£
Trade debtors	139,913		117,986
Other debtors	46,336		35,063
	186,249		153,049

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,959		10,000
Trade creditors	75,993		85,289
Taxation and social security	110,026		70,128
Obligations under finance leases and hire purchase contracts	13,307		26,889
Other creditors	40,025		52,255
	250,310		244,561

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		10,755
Obligations under finance leases and hire purchase contracts	0		18,973
	0		29,728

8. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Finance leases entered into	0		44,963

The finance leases are secured against the items of plant and machinery to which they relate and have a carrying amount of £XXXXXX (2024: £44,963).