2022-04-01 12228509 2023-03-31 12228509 2022-04-01 2023-03-31 12228509 2022-03-31 12228509 2021-10-01 2022-03-31 12228509 uk-core:WithinOneYear 2022-03-31 12228509 uk-core:WithinOneYear 2023-03-31 12228509 uk-core:AfterOneYear 2022-03-31 12228509 uk-core:AfterOneYear 2023-03-31 12228509 uk-core:ShareCapital 2023-03-31 12228509 uk-core:ShareCapital 2022-03-31 12228509 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 12228509 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 12228509 uk-bus:Director1 2022-04-01 2023-03-31 12228509 uk-core:MotorVehicles 2022-04-01 2023-03-31 12228509 uk-core:WithinOneYear 2023-03-31 12228509 uk-core:WithinOneYear 2022-03-31 12228509 uk-core:WithinOneYear 2022-04-01 2023-03-31 12228509 uk-core:AfterOneYear uk-core:Secured 2023-03-31 12228509 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 12228509 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12228509 uk-bus:FRS102 2022-04-01 2023-03-31 12228509 uk-bus:FullAccounts 2022-04-01 2023-03-31 12228509 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
RANN MECHANICAL SERVICES LTD
Registered Number:12228509
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
RANN MECHANICAL SERVICES LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
12228509
As at 31 March 2023
RANN MECHANICAL SERVICES LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
2,771
5,146
2
2,771
5,146
Current assets
Trade and other receivables
90,022
58,462
3
2,336
Cash and cash equivalents
8,604
67,066
92,358
Trade and other payables: amounts falling due within one
year
(52,335)
(46,593)
4
40,023
20,473
Net current assets
Total assets less current liabilities
23,244
45,169
Trade and other payables: amounts falling due after more
than one year
(25,535)
(16,685)
5
(695)
(978)
Provisions for liabilities
5,864
Net assets
18,656
Capital and reserves
Called up share capital
2
2
Retained earnings
5,862
18,654
5,864
18,656
Shareholders' funds
For the year ended 31 March 2023 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 year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 21 November 2023 and were signed by:
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4
Registered Number :
12228509
For the year ended 31 March 2023
RANN MECHANICAL SERVICES LTD
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2023
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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6
For the year ended 31 March 2023
RANN MECHANICAL SERVICES LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Motor Vehicles
£
Cost or
valuation
At 01 April 2022
9,500
At 31 March 2023
9,500
Provision for depreciation and impairment
At 01 April 2022
4,354
Charge for year
2,375
At 31 March 2023
6,729
At 31 March 2023
Net book value
2,771
At 31 March 2022
5,146
3. Trade and other receivables
2022
2023
£
£
Trade debtors
10,552
23,667
Other debtors
47,910
66,355
90,022
58,462
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
6,134
5,938
Taxation and social security
15,016
9,691
Other creditors
25,443
36,706
46,593
52,335
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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For the year ended 31 March 2023
RANN MECHANICAL SERVICES LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
15,985
22,071
Other creditors
700
3,464
16,685
25,535
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2).
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