Company Registration No. 11141471 (England and Wales)
Rg Baits (2018) Ltd
Unaudited accounts
for the period from 31 January 2025 to 31 December 2025
Rg Baits (2018) Ltd
Unaudited accounts
Contents
Rg Baits (2018) Ltd
Company Information
for the period from 31 January 2025 to 31 December 2025
Directors
Greg Myles
Mark Stephen Pitchers
Jamie Andrew Jackson
Company Number
11141471 (England and Wales)
Registered Office
Unit 2a Fallow Road
Staveley
Chesterfield
S43 3BF
England
Accountants
Jacobs & Company
152 Coles Green Road
London
NW2 7HD
Rg Baits (2018) Ltd
Statement of financial position
as at 31 December 2025
Tangible assets
35,300
12,304
Cash at bank and in hand
19,580
166,152
Creditors: amounts falling due within one year
(249,766)
(34,707)
Net current (liabilities)/assets
(125,255)
166,559
Total assets less current liabilities
(89,955)
178,863
Creditors: amounts falling due after more than one year
-
(150,000)
Provisions for liabilities
Net (liabilities)/assets
(98,780)
28,863
Called up share capital
100
100
Profit and loss account
(98,880)
28,763
Shareholders' funds
(98,780)
28,863
For the period ending 31 December 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 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 9 September 2026 and were signed on its behalf by
Jamie Andrew Jackson
Director
Company Registration No. 11141471
Rg Baits (2018) Ltd
Notes to the Accounts
for the period from 31 January 2025 to 31 December 2025
Rg Baits (2018) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11141471. The registered office is Unit 2a Fallow Road, Staveley, Chesterfield, S43 3BF, 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.
These financial statements for the period from 31 January 2025 to 31 December 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 31 January 2024.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Plant & machinery
3 years straight line
Motor vehicles
5 years straight line
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.
Rg Baits (2018) Ltd
Notes to the Accounts
for the period from 31 January 2025 to 31 December 2025
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 31 January 2025
33,681
-
33,681
Additions
36,956
21,999
58,955
At 31 December 2025
70,637
21,999
92,636
At 31 January 2025
21,377
-
21,377
Charge for the period
34,995
964
35,959
At 31 December 2025
56,372
964
57,336
At 31 December 2025
14,265
21,035
35,300
At 30 January 2025
12,304
-
12,304
5
Debtors
31/12/2025
30/01/2025
Amounts falling due within one year
Trade debtors
10,503
1,195
Amounts due from group undertakings etc.
15,536
-
Accrued income and prepayments
3,300
-
Rg Baits (2018) Ltd
Notes to the Accounts
for the period from 31 January 2025 to 31 December 2025
6
Creditors: amounts falling due within one year
31/12/2025
30/01/2025
Bank loans and overdrafts
-
9,021
Trade creditors
5,173
2,118
Amounts owed to group undertakings and other participating interests
172,916
-
Taxes and social security
10,673
4,487
Other creditors
3,560
8,352
Loans from directors
34,046
2,074
7
Creditors: amounts falling due after more than one year
31/12/2025
30/01/2025
8
Share capital
31/12/2025
30/01/2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
31/12/2025
30/01/2025
At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
22,694
-
Later than one year and not later than five years
33,096
-
The company's immediate and ultimate parent undertaking is Capital UK Holdings Limited, a company incorporated in England and Wales, which owns 70% of the issued share capital of the company.
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Average number of employees
During the period the average number of employees was 9 (30/01/2025: 5).