Acorah Software Products - Accounts Production 19.1.200 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 07941830 Mrs Alison Bridger Mr Nigel Bridger Mr Thomas Bridger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07941830 2024-05-31 07941830 2025-05-31 07941830 2024-06-01 2025-05-31 07941830 frs-core:CurrentFinancialInstruments 2025-05-31 07941830 frs-core:Non-currentFinancialInstruments 2025-05-31 07941830 frs-core:ComputerEquipment 2025-05-31 07941830 frs-core:ComputerEquipment 2024-06-01 2025-05-31 07941830 frs-core:ComputerEquipment 2024-05-31 07941830 frs-core:FurnitureFittings 2025-05-31 07941830 frs-core:FurnitureFittings 2024-06-01 2025-05-31 07941830 frs-core:FurnitureFittings 2024-05-31 07941830 frs-core:MotorVehicles 2025-05-31 07941830 frs-core:MotorVehicles 2024-06-01 2025-05-31 07941830 frs-core:MotorVehicles 2024-05-31 07941830 frs-core:PlantMachinery 2025-05-31 07941830 frs-core:PlantMachinery 2024-06-01 2025-05-31 07941830 frs-core:PlantMachinery 2024-05-31 07941830 frs-core:ShareCapital 2025-05-31 07941830 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 07941830 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 07941830 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 07941830 frs-bus:SmallEntities 2024-06-01 2025-05-31 07941830 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 07941830 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 07941830 frs-bus:Director1 2024-06-01 2025-05-31 07941830 frs-bus:Director2 2024-06-01 2025-05-31 07941830 frs-bus:Director3 2024-06-01 2025-05-31 07941830 frs-countries:EnglandWales 2024-06-01 2025-05-31 07941830 2023-05-31 07941830 2024-05-31 07941830 2023-06-01 2024-05-31 07941830 frs-core:CurrentFinancialInstruments 2024-05-31 07941830 frs-core:Non-currentFinancialInstruments 2024-05-31 07941830 frs-core:ShareCapital 2024-05-31 07941830 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 07941830
Retro Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Chadwick Accountants & Bookkeepers Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07941830
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 99,772 119,817
99,772 119,817
CURRENT ASSETS
Stocks 5 306,805 363,420
Debtors 6 15,213 59,513
322,018 422,933
Creditors: Amounts Falling Due Within One Year 7 (558,831 ) (379,158 )
NET CURRENT ASSETS (LIABILITIES) (236,813 ) 43,775
TOTAL ASSETS LESS CURRENT LIABILITIES (137,041 ) 163,592
Creditors: Amounts Falling Due After More Than One Year 8 - (104,167 )
NET (LIABILITIES)/ASSETS (137,041 ) 59,425
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (137,043 ) 59,423
SHAREHOLDERS' FUNDS (137,041) 59,425
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Alison Bridger
Director
28/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Retro Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07941830 . The registered office is UNIT 1, NORTON FARM HARVINGTON LANE, NORTON, EVESHAM, WORCESTERSHIRE, WR11 4TN.
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. 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.
2.3. 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:
Plant & Machinery 15% RB
Motor Vehicles 20% RB
Fixtures & Fittings 15% RB
Computer Equipment 15% RB
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2024 63,741 125,166 9,600 1,748 200,255
Additions 611 - 1,376 966 2,953
Disposals (12,631 ) - (236 ) - (12,867 )
As at 31 May 2025 51,721 125,166 10,740 2,714 190,341
Depreciation
As at 1 June 2024 29,817 47,527 2,315 779 80,438
Provided during the period (7,451 ) 16,036 1,220 326 10,131
As at 31 May 2025 22,366 63,563 3,535 1,105 90,569
Net Book Value
As at 31 May 2025 29,355 61,603 7,205 1,609 99,772
As at 1 June 2024 33,924 77,639 7,285 969 119,817
5. Stocks
2025 2024
£ £
Stock 163,000 153,000
Finished goods - 114,000
Work in progress 143,805 96,420
306,805 363,420
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 10,181 50,544
Other debtors 5,032 8,969
15,213 59,513
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 31,757 39,490
Bank loans and overdrafts 13,186 16,890
Other loans 117,953 117,000
Amounts owed to group undertakings 31,313 50,253
Other creditors 321,200 92,294
Taxation and social security 43,422 63,231
558,831 379,158
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans - 104,167
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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