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Company Registration No. 11876632 (England and Wales)
Retrofit & Coordination Ltd Unaudited accounts for the year ended 31 March 2026
Retrofit & Coordination Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Retrofit & Coordination Ltd Company Information for the year ended 31 March 2026
Directors
Phillip John Ray Nicola Jane Ray
Secretary
Phillip John Ray
Company Number
11876632 (England and Wales)
Registered Office
13 The Close Norwich Norfolk NR1 4DS England
Accountants
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS
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Retrofit & Coordination Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
47,115
43,105
Current assets
Inventories
27,415
-
Debtors
5
41,397
196,559
Cash at bank and in hand
(15,119)
(20,282)
53,693
176,277
Creditors: amounts falling due within one year
6
(59,863)
(163,189)
Net current (liabilities)/assets
(6,170)
13,088
Total assets less current liabilities
40,945
56,193
Creditors: amounts falling due after more than one year
7
(5,220)
(7,084)
Provisions for liabilities
Deferred tax
(8,952)
(10,769)
Net assets
26,773
38,340
Capital and reserves
Called up share capital
1
1
Profit and loss account
26,772
38,339
Shareholders' funds
26,773
38,340
For the year ending 31 March 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2026 and were signed on its behalf by
Phillip John Ray Director Company Registration No. 11876632
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Retrofit & Coordination Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Retrofit & Coordination Ltd is a private company, limited by shares, registered in England and Wales, registration number 11876632. The registered office is 13 The Close, Norwich, Norfolk, NR1 4DS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% RBM
Computer equipment
33% SLM
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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Retrofit & Coordination Ltd Notes to the Accounts for the year ended 31 March 2026
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
77,000
1,783
78,783
Additions
13,500
2,665
16,165
At 31 March 2026
90,500
4,448
94,948
Depreciation
At 1 April 2025
34,696
982
35,678
Charge for the year
10,919
1,236
12,155
At 31 March 2026
45,615
2,218
47,833
Net book value
At 31 March 2026
44,885
2,230
47,115
At 31 March 2025
42,304
801
43,105
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
41,397
196,559
- 6 -
Retrofit & Coordination Ltd Notes to the Accounts for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
6,073
17,477
VAT
3,491
3,962
Trade creditors
15,833
101,698
Taxes and social security
6,797
15,673
Other creditors
8,275
-
Loans from directors
19,394
24,379
59,863
163,189
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
5,220
7,084
8
Average number of employees
During the year the average number of employees was 6 (2025: 5).
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