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Registered number: 08086515
Restrap Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Bainbridge & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08086515
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,946 4,946
Tangible Assets 5 131,625 225,414
136,571 230,360
CURRENT ASSETS
Stocks 6 360,508 349,398
Debtors 7 383,830 72,074
Cash at bank and in hand 304,809 735,328
1,049,147 1,156,800
Creditors: Amounts Falling Due Within One Year 8 (203,000 ) (306,030 )
NET CURRENT ASSETS (LIABILITIES) 846,147 850,770
TOTAL ASSETS LESS CURRENT LIABILITIES 982,718 1,081,130
Creditors: Amounts Falling Due After More Than One Year 9 - (26,511 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (56,000 )
NET ASSETS 982,718 998,619
CAPITAL AND RESERVES
Called up share capital 11 8 8
Profit and Loss Account 982,710 998,611
SHAREHOLDERS' FUNDS 982,718 998,619
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Nathan Hughes
Director
11/09/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Restrap Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08086515 . The registered office is Unit G1, 102 Kirkstall Road, Leeds, LS3 1JA.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Leasehold 20
Plant & Machinery 20
Motor Vehicles 25
Fixtures & Fittings 25
Computer Equipment 25
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 49 (2024: 43)
49 43
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 4,946
As at 31 December 2025 4,946
Net Book Value
As at 31 December 2025 4,946
As at 1 January 2025 4,946
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2025 52,809 417,577 29,529 12,452
Additions - 7,135 - -
Disposals - (67,289 ) - -
As at 31 December 2025 52,809 357,423 29,529 12,452
Depreciation
As at 1 January 2025 41,719 236,136 19,775 -
Provided during the period 2,218 24,257 2,439 3,113
As at 31 December 2025 43,937 260,393 22,214 3,113
Net Book Value
As at 31 December 2025 8,872 97,030 7,315 9,339
As at 1 January 2025 11,090 181,441 9,754 12,452
Computer Equipment Total
£ £
Cost
As at 1 January 2025 13,577 525,944
Additions 1,415 8,550
Disposals - (67,289 )
As at 31 December 2025 14,992 467,205
Depreciation
As at 1 January 2025 2,900 300,530
Provided during the period 3,023 35,050
As at 31 December 2025 5,923 335,580
Net Book Value
As at 31 December 2025 9,069 131,625
As at 1 January 2025 10,677 225,414
6. Stocks
2025 2024
£ £
Stock 360,508 349,398
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 23,616 58,899
Amounts owed by group undertakings 272,360 -
Other debtors 87,854 13,175
383,830 72,074
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,009 19,930
Trade creditors 107,862 98,386
Bank loans and overdrafts - 42,500
Other creditors 6,575 11,419
Taxation and social security 75,554 133,795
203,000 306,030
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 13,009
Other creditors - 13,502
- 26,511
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,009 19,930
Less: Finance charges allocated to future periods - (13,009 )
13,009 32,939
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 8 8
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Nathan Hughes (7,383 ) 48,000 10,000 - 30,707
The above loan is unsecured and repayable on demand.  Interest is charged at 2.25% pa
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