1 February 2021 false No description of principal activity Taxfiler 2022.8.3 12394678business:PrivateLimitedCompanyLtd2021-02-012022-01-31 123946782021-01-31 123946782021-02-012022-01-31 12394678business:AuditExempt-NoAccountantsReport2021-02-012022-01-31 12394678business:FullAccounts2021-02-012022-01-31 123946782022-01-31 12394678business:Director12021-02-012022-01-31 12394678business:Director22021-02-012022-01-31 12394678business:CompanySecretary12021-02-012022-01-31 12394678business:RegisteredOffice2021-02-012022-01-31 123946782021-01-31 12394678core:WithinOneYear2022-01-31 12394678core:WithinOneYear2021-01-31 12394678core:RetainedEarningsAccumulatedLosses2022-01-31 12394678core:RetainedEarningsAccumulatedLosses2021-01-31 12394678business:SmallEntities2021-02-012022-01-31 12394678countries:EnglandWales2021-02-012022-01-31 12394678core:FurnitureFittings2021-02-012022-01-31 12394678core:ComputerEquipment2021-02-012022-01-31 12394678core:FurnitureFittings2021-01-31 12394678core:ComputerEquipment2021-01-31 12394678core:FurnitureFittings2022-01-31 12394678core:ComputerEquipment2022-01-31 12394678core:WithinOneYear2021-02-012022-01-31 123946782020-01-092021-01-31 iso4217:GBP xbrli:pure
Company Registration No. 12394678 (England and Wales)
Raycast Technologies Ltd. Unaudited accounts for the year ended 31 January 2022
Raycast Technologies Ltd. Unaudited accounts Contents
Page
- 2 -
Raycast Technologies Ltd. Company Information for the year ended 31 January 2022
Directors
Thomas Paul Mann Petr Nikolaev
Secretary
Oakwood Corporate Secretary Limited
Company Number
12394678 (England and Wales)
Registered Office
3rd Floor 1 Ashley Road Altrincham Cheshire WA14 2DT United Kingdom
Accountants
The Accountancy Cloud 12-18 Hoxton Street London N1 6NG UK
- 3 -
Raycast Technologies Ltd. Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,646 
22,000 
Current assets
Debtors
29,467 
- 
Cash at bank and in hand
203,762 
71,624 
233,229 
71,624 
Creditors: amounts falling due within one year
(2,206,758)
(589,719)
Net current liabilities
(1,973,529)
(518,095)
Net liabilities
(1,916,883)
(496,095)
Capital and reserves
Profit and loss account
(1,916,883)
(496,095)
Shareholders' funds
(1,916,883)
(496,095)
For the year ending 31 January 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 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 1 September 2022 and were signed on its behalf by
Thomas Paul Mann Director Company Registration No. 12394678
- 4 -
Raycast Technologies Ltd. Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
Raycast Technologies Ltd. is a private company, limited by shares, registered in England and Wales, registration number 12394678. The registered office is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT, 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.
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.
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:
Fixtures & fittings
4 years straight line
Computer equipment
3 years straight line
Research and development tax credit
During the financial year, Raycast Technologies Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2021
2,968 
24,502 
27,470 
Additions
2,794 
44,715 
47,509 
At 31 January 2022
5,762 
69,217 
74,979 
Depreciation
At 1 February 2021
570 
4,900 
5,470 
Charge for the year
948 
11,915 
12,863 
At 31 January 2022
1,518 
16,815 
18,333 
Net book value
At 31 January 2022
4,244 
52,402 
56,646 
At 31 January 2021
2,398 
19,602 
22,000 
- 5 -
Raycast Technologies Ltd. Notes to the Accounts for the year ended 31 January 2022
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Accrued income and prepayments
29,467 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
4,215 
428 
Amounts owed to group undertakings and other participating interests
2,201,259 
588,505 
Other creditors
1,284 
786 
2,206,758 
589,719 
Raycast Technologies Limited is 100% owned by Raycast Technologies Inc. At the year end, Raycast Technologies Limited owed its parent £2,201,259. The amount owed is interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 6 (2021: 5).
- 6 -