2021-10-01 12228509 2022-03-31 12228509 2021-10-01 2022-03-31 12228509 2021-09-30 12228509 2020-10-01 2021-09-30 12228509 uk-core:WithinOneYear 2021-09-30 12228509 uk-core:WithinOneYear 2022-03-31 12228509 uk-core:AfterOneYear 2021-09-30 12228509 uk-core:AfterOneYear 2022-03-31 12228509 uk-core:ShareCapital 2022-03-31 12228509 uk-core:ShareCapital 2021-09-30 12228509 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 12228509 uk-core:RetainedEarningsAccumulatedLosses 2021-09-30 12228509 uk-bus:Director1 2021-10-01 2022-03-31 12228509 uk-core:MotorVehicles 2021-10-01 2022-03-31 12228509 uk-core:WithinOneYear 2022-03-31 12228509 uk-core:WithinOneYear 2021-09-30 12228509 uk-core:WithinOneYear 2021-10-01 2022-03-31 12228509 uk-core:AfterOneYear uk-core:Secured 2022-03-31 12228509 uk-core:AfterOneYear uk-core:Secured 2021-09-30 iso4217:GBP xbrli:pure 12228509 uk-bus:AuditExemptWithAccountantsReport 2021-10-01 2022-03-31 12228509 uk-bus:FRS102 2021-10-01 2022-03-31 12228509 uk-bus:FullAccounts 2021-10-01 2022-03-31 12228509 uk-bus:PrivateLimitedCompanyLtd 2021-10-01 2022-03-31
RANN MECHANICAL SERVICES LTD
Registered Number:12228509
For the period ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the period ended 31 March 2022
RANN MECHANICAL SERVICES LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
12228509
As at 31 March 2022
RANN MECHANICAL SERVICES LTD
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
5,146
6,333
2
5,146
6,333
Current assets
Trade and other receivables
89,104
90,022
3
18,761
Cash and cash equivalents
2,336
92,358
107,865
Trade and other payables: amounts falling due within one
year
(58,604)
(52,335)
4
49,261
40,023
Net current assets
Total assets less current liabilities
45,169
55,594
Trade and other payables: amounts falling due after more
than one year
(29,400)
(25,535)
5
(978)
(1,204)
Provisions for liabilities
18,656
Net assets
24,990
Capital and reserves
Called up share capital
2
2
Retained earnings
18,654
24,988
18,656
24,990
Shareholders' funds
For the period ended 31 March 2022 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 of its financial statements for the period ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Mark Rann Director
These financial statements were approved and authorised for issue by the Board on 11 August 2022 and were signed by:
The notes form part of these financial statements
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4
For the period ended 31 March 2022
RANN MECHANICAL SERVICES LTD
Notes to the Financial Statements
Statutory Information
RANN MECHANICAL SERVICES LTD is a private limited company, limited by shares, domiciled in England and
Wales, registration number 12228509.
Registered address:
126 Banstead Road
Caterham On The Hill
Surrey
CR3 5QF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'', including the disclosure and
presentation requirements of Section 1A, and the Companies Act 2006. These financial statements have been
prepared under the historical cost convention.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Motor Vehicles
Government grants
Government grants received towards revenue expenditure are credited to the income statement as the related expenditure is incurred.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease. Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.
Going concern
The business was been affected by the COVID19 pandemic and the directors have took advantage of the
government support available. The directors are satisfied that the company is in a position to meet its liabilities as
they fall due for the foreseeable future. The financial statements have therefore been prepared on a going concern
basis.
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5
For the period ended 31 March 2022
RANN MECHANICAL SERVICES LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Motor Vehicles
£
Cost or
valuation
At 01 October 2021
9,500
At 31 March 2022
9,500
Provision for depreciation and impairment
At 01 October 2021
3,167
Charge for period
1,187
At 31 March 2022
4,354
At 31 March 2022
Net book value
5,146
At 30 September 2021
6,333
3. Trade and other receivables
2021
2022
£
£
Trade debtors
23,667
13,604
Other debtors
66,355
75,500
89,104
90,022
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
5,938
5,358
Taxation and social security
9,691
16,061
Other creditors
36,706
37,185
52,335
58,604
The hire purchase obligations are repayable over 4 yearsand secured on the related assets. Interest is charged at 9.9% per annum. The company recedived a Bounce Back loan of £30,000 on 5 August 2020. The loan is unsecured and repayable over 6 years. Interest is charged at 2.5% per annum and interest for the first year was paid by the UK Government.
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6
For the period ended 31 March 2022
RANN MECHANICAL SERVICES LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
22,071
24,642
Other creditors
3,464
4,758
25,535
29,400
6. Average number of persons employed
During the period the average number of employees was 2 (2021 : 2).
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