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REGISTERED NUMBER: SC117171 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

Raynor Holdings Limited

Raynor Holdings Limited (Registered number: SC117171)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Raynor Holdings Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr R M Kelly
Miss C Kelly





SECRETARY: Miss C Kelly





REGISTERED OFFICE: Craigmill House
Bridgefoot
Dundee
DD3 0PH





REGISTERED NUMBER: SC117171 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Raynor Holdings Limited (Registered number: SC117171)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,630,015 1,631,963
Investments 5 975,347 975,347
2,605,362 2,607,310

CURRENT ASSETS
Stocks 165,888 165,888
Debtors 6 37,368 30,691
Cash in hand 82 48
203,338 196,627
CREDITORS
Amounts falling due within one year 7 1,028,854 1,019,148
NET CURRENT LIABILITIES (825,516 ) (822,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,779,846

1,784,789

ACCRUALS AND DEFERRED INCOME 38,242 37,329
NET ASSETS 1,741,604 1,747,460

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 1,721,604 1,727,460
SHAREHOLDERS' FUNDS 1,741,604 1,747,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Raynor Holdings Limited (Registered number: SC117171)

BALANCE SHEET - continued
31 JANUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2023 and were signed on its behalf by:




Mr R M Kelly - Director



Miss C Kelly - Director


Raynor Holdings Limited (Registered number: SC117171)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Raynor Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% on cost
Fixtures and fittings - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Raynor Holdings Limited (Registered number: SC117171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 February 2022
and 31 January 2023 1,616,621 37,726 28,859 1,683,206
DEPRECIATION
At 1 February 2022 - 22,632 28,611 51,243
Charge for year - 1,886 62 1,948
At 31 January 2023 - 24,518 28,673 53,191
NET BOOK VALUE
At 31 January 2023 1,616,621 13,208 186 1,630,015
At 31 January 2022 1,616,621 15,094 248 1,631,963

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 975,347
NET BOOK VALUE
At 31 January 2023 975,347
At 31 January 2022 975,347

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,743 20,416
Amounts owed by group undertakings 6,850 6,850
Sundry Debtors 3,775 3,425
37,368 30,691

Raynor Holdings Limited (Registered number: SC117171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 381,111 365,025
Trade creditors 31,671 39,369
Amounts owed to group undertakings 521,809 518,667
Tax 15,471 14,777
Social security and other taxes 6,174 5,523
VAT 11,021 10,653
Other creditors 10,504 11,629
Directors' loan accounts 51,093 53,505
1,028,854 1,019,148

Standard Security over Commercial and Industrial Buildings at Block 1A Dunsinane Avenue, Dundee was held. Guarantee for £350,000 granted by Raynor Holdings Limited in favour of the Bank for obligations of Raynor Building Services Limited & Raynor Roofing Limited dated 23rd February 1994 was held.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr R M Kelly
Balance outstanding at start of year (7,127 ) (26,562 )
Amounts advanced 57,410 19,435
Amounts repaid (60,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,717 ) (7,127 )

Miss C Kelly
Balance outstanding at start of year (46,378 ) (46,378 )
Amounts advanced 65,002 -
Amounts repaid (60,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (41,376 ) (46,378 )