Company Registration No. 04668555 (England and Wales)
Re-Tech UK Limited
Unaudited accounts
for the year ended 28 February 2018
Re-Tech UK Limited
Statement of financial position
as at
28 February 2018
Tangible assets
9,982
9,135
Cash at bank and in hand
5,584
19
Creditors: amounts falling due within one year
(37,190)
(41,553)
Net current assets
29,396
10,898
Called up share capital
2
2
Profit and loss account
39,376
20,031
Shareholders' funds
39,378
20,033
For the year ending 28 February 2018 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 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 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.
Approved by the Board on 28 November 2018.
Mr R Edwards
Director
Company Registration No. 04668555
Re-Tech UK Limited
Notes to the Accounts
for the year ended 28 February 2018
Re-Tech UK Limited is a private company, limited by shares, registered in England and Wales, registration number 04668555. The registered office is The Pavilion, Kingfisher Way, Huntingdon, Cambridgeshire, PE29 6FN, United Kingdom.
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.
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.
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.
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
25% Reducing Balance
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
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.
Re-Tech UK Limited
Notes to the Accounts
for the year ended 28 February 2018
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2017
26,609
-
26,609
Additions
1,603
2,350
3,953
At 28 February 2018
28,212
2,350
30,562
At 1 March 2017
17,474
-
17,474
Charge for the year
2,665
441
3,106
At 28 February 2018
20,139
441
20,580
At 28 February 2018
8,073
1,909
9,982
At 28 February 2017
9,135
-
9,135
Finished goods
4,987
11,207
Trade debtors
15,934
12,690
Other debtors
40,081
28,535
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
-
8,472
Trade creditors
14,453
10,697
Taxes and social security
18,805
15,712
Other creditors
3,932
6,672
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan advanced in the year, repayable on the 31st August 2018. Interest charged at 2.5% per annum.
26,148
34,702
26,148
34,702
26,148
34,702
26,148
34,702
Re-Tech UK Limited
Notes to the Accounts
for the year ended 28 February 2018
9
Average number of employees
During the year the average number of employees was 0 (2017: 0).