Registered number
10608118
Ray Goudy Ltd
Filleted Accounts
31 March 2022
Ray Goudy Ltd
Registered number: 10608118
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 2,011,817 1,898,633
Current assets
Stocks 73,145 77,401
Debtors 4 367,155 351,951
Cash at bank and in hand 550,099 483,380
990,399 912,732
Creditors: amounts falling due within one year 5 (1,668,427) (1,682,426)
Net current liabilities (678,028) (769,694)
Net assets 1,333,789 1,128,939
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,333,689 1,128,839
Shareholders' funds 1,333,789 1,128,939
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Goudy
Director
Approved by the board on 12 September 2022
Ray Goudy Ltd
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 15 years
Plant and machinery 15% reducing balance
Motor vehicles and trailers 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 21 20
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles and trailers Total
£ £ £ £
Cost
At 1 April 2021 1,416,364 94,246 891,379 2,401,989
Additions 80,454 11,598 184,990 277,042
Disposals - - (1,239) (1,239)
At 31 March 2022 1,496,818 105,844 1,075,130 2,677,792
Depreciation
At 1 April 2021 1,665 34,110 467,581 503,356
Charge for the year 555 10,790 152,124 163,469
On disposals - - (850) (850)
At 31 March 2022 2,220 44,900 618,855 665,975
Net book value
At 31 March 2022 1,494,598 60,944 456,275 2,011,817
At 31 March 2021 1,414,699 60,136 423,798 1,898,633
4 Debtors 2022 2021
£ £
Trade debtors 363,377 346,984
Other debtors 3,778 4,967
367,155 351,951
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 124,707 109,153
Taxation and social security costs 64,718 70,486
Other creditors 1,479,002 1,502,787
1,668,427 1,682,426
6 Other information
Ray Goudy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Plot 1 Tomo Industrial Estate
Tomo Road
Stowmarket
Suffolk
IP14 5AY
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