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REGISTERED NUMBER: 04098881 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 January 2023

for

Raybloc (X-ray Protection) Limited

Raybloc (X-ray Protection) Limited (Registered number: 04098881)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Raybloc (X-ray Protection) Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: S J Haydon
L J Haydon
C W Haydon





REGISTERED OFFICE: 32 Bilston Lane
Willenhall
West Midlands
WV13 2QD





REGISTERED NUMBER: 04098881 (England and Wales)





ACCOUNTANTS: Appleby Mall Limited
Chartered Accountants
86 Tettenhall Road
Wolverhampton
West Midlands
WV1 4TF

Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Abridged Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 648,982 521,901
648,982 521,901

CURRENT ASSETS
Stocks 159,362 172,747
Debtors 924,810 575,330
Cash at bank and in hand 318,717 225,534
1,402,889 973,611
CREDITORS
Amounts falling due within one year 838,950 674,799
NET CURRENT ASSETS 563,939 298,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,212,921

820,713

CREDITORS
Amounts falling due after more than one
year

6

(87,092

)

(149,464

)

PROVISIONS FOR LIABILITIES 8 (48,845 ) (41,225 )
NET ASSETS 1,076,984 630,024

CAPITAL AND RESERVES
Called up share capital 9 50 50
Revaluation reserve 10 31,313 33,818
Capital redemption reserve 50 50
Retained earnings 1,045,571 596,106
SHAREHOLDERS' FUNDS 1,076,984 630,024

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.

Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 October 2023 and were signed on its behalf by:





S J Haydon - Director


Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Raybloc (X-ray Protection) Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software and website costs are being amortised evenly over their estimated useful life of three years.

Intangible assets

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 2% on cost

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.


Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and operating lease agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022
and 31 January 2023 5,310
AMORTISATION
At 1 February 2022
and 31 January 2023 5,310
NET BOOK VALUE

At 31 January 2023 -
At 31 January 2022 -

Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 February 2022 851,881
Additions 233,061
Disposals (108,396 )
At 31 January 2023 976,546
DEPRECIATION
At 1 February 2022 329,980
Charge for year 44,951
Eliminated on disposal (47,367 )
At 31 January 2023 327,564
NET BOOK VALUE
At 31 January 2023 648,982
At 31 January 2022 521,901

Cost or valuation at 31 January 2023 is represented by:

Totals
£   
Valuation in 2006 72,097
Valuation in 2012 (91,348 )
Valuation in 2018 61,002
Cost 934,795
976,546

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 283,249 283,249

Value of land in freehold land and buildings 283,249 283,249

Freehold land and buildings were valued on an open market basis on 25 May 2017 by Fraser Wood (Midlands) Limited .

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 28,184 -

Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 8,700 104,632
Bank loan 75,229 56,254
83,929 160,886

The bank loan is secured on the company's property. Hire purchase contracts are secured over the assets to which they relate.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 48,845 41,225

Deferred
tax
£   
Balance at 1 February 2022 41,225
Accelerated capital allowances 5,115
Property revaluation 2,505
Balance at 31 January 2023 48,845

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50

10. RESERVES
Revaluation
reserve
£   
At 1 February 2022 33,818
Deferred tax (2,505 )

At 31 January 2023 31,313

11. ULTIMATE CONTROLLING PARTY

The controlling party is Raybloc Limited.