Company registration number 10724970 (England and Wales)
RAW PERFORMANCE GROUP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
RAW PERFORMANCE GROUP LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
RAW PERFORMANCE GROUP LTD
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Intangible assets
3
11,076
11,300
Tangible assets
4
20,226
15,143
Investment property
5
180
180
31,482
26,623
Current assets
Stocks
8,642
8,642
Debtors
6
100,202
74,944
Cash at bank and in hand
284
31,179
109,128
114,765
Creditors: amounts falling due within one year
7
(57,901)
(97,820)
Net current assets
51,227
16,945
Total assets less current liabilities
82,709
43,568
Creditors: amounts falling due after more than one year
8
(35,000)
(41,000)
Provisions for liabilities
(3,306)
(2,223)
Net assets
44,403
345
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
44,399
341
Total equity
44,403
345

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

RAW PERFORMANCE GROUP LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2022
31 December 2022
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 27 November 2023
Mr M Flint
Director
Company Registration No. 10724970
RAW PERFORMANCE GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
1
Accounting policies
Company information

Raw Performance Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Loft, Hill End Farm, Langley, Hitchin, Hertfordshire, England, SG4 7PT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Cryptocurrency
- 0% straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
- 20% straight line
Plant and equipment
- 25% reducing balance
Computers
- 33% straight line
RAW PERFORMANCE GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 4 -
1.6
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
2
2
RAW PERFORMANCE GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 5 -
3
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 January 2022
22,600
-
0
22,600
Additions
-
2,036
2,036
At 31 December 2022
22,600
2,036
24,636
Amortisation and impairment
At 1 January 2022
11,300
-
0
11,300
Amortisation charged for the year
2,260
-
0
2,260
At 31 December 2022
13,560
-
0
13,560
Carrying amount
At 31 December 2022
9,040
2,036
11,076
At 31 December 2021
11,300
-
0
11,300
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2022
1,840
35,078
36,918
Additions
6,000
5,816
11,816
At 31 December 2022
7,840
40,894
48,734
Depreciation and impairment
At 1 January 2022
1,251
20,524
21,775
Depreciation charged in the year
1,568
5,165
6,733
At 31 December 2022
2,819
25,689
28,508
Carrying amount
At 31 December 2022
5,021
15,205
20,226
At 31 December 2021
589
14,554
15,143
5
Investment property
2022
£
Fair value
At 1 January 2022 and 31 December 2022
180
RAW PERFORMANCE GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 6 -
6
Debtors
2022
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
16,204
16,204
Other debtors
83,998
58,740
100,202
74,944
7
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
6,000
6,000
Corporation tax
25,757
15,480
Other taxation and social security
-
0
518
Other creditors
26,144
75,822
57,901
97,820
8
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
35,000
41,000
2022-12-312022-01-01false27 November 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr M Flint107249702022-01-012022-12-31107249702022-12-31107249702021-12-3110724970core:NetGoodwill2022-12-3110724970core:IntangibleAssetsOtherThanGoodwill2022-12-3110724970core:NetGoodwill2021-12-3110724970core:IntangibleAssetsOtherThanGoodwill2021-12-3110724970core:LandBuildings2022-12-3110724970core:OtherPropertyPlantEquipment2022-12-3110724970core:LandBuildings2021-12-3110724970core:OtherPropertyPlantEquipment2021-12-3110724970core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3110724970core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3110724970core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3110724970core:Non-currentFinancialInstrumentscore:AfterOneYear2021-12-3110724970core:CurrentFinancialInstruments2022-12-3110724970core:CurrentFinancialInstruments2021-12-3110724970core:ShareCapital2022-12-3110724970core:ShareCapital2021-12-3110724970core:RetainedEarningsAccumulatedLosses2022-12-3110724970core:RetainedEarningsAccumulatedLosses2021-12-3110724970bus:Director12022-01-012022-12-3110724970core:Goodwill2022-01-012022-12-3110724970core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3110724970core:ComputerSoftware2022-01-012022-12-3110724970core:LeaseholdImprovements2022-01-012022-12-3110724970core:PlantMachinery2022-01-012022-12-3110724970core:ComputerEquipment2022-01-012022-12-31107249702021-01-012021-12-3110724970core:NetGoodwill2021-12-3110724970core:IntangibleAssetsOtherThanGoodwill2021-12-31107249702021-12-3110724970core:NetGoodwill2022-01-012022-12-3110724970core:LandBuildings2021-12-3110724970core:OtherPropertyPlantEquipment2021-12-3110724970core:LandBuildings2022-01-012022-12-3110724970core:OtherPropertyPlantEquipment2022-01-012022-12-3110724970core:WithinOneYear2022-12-3110724970core:WithinOneYear2021-12-3110724970core:Non-currentFinancialInstruments2022-12-3110724970core:Non-currentFinancialInstruments2021-12-3110724970bus:PrivateLimitedCompanyLtd2022-01-012022-12-3110724970bus:SmallCompaniesRegimeForAccounts2022-01-012022-12-3110724970bus:FRS1022022-01-012022-12-3110724970bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3110724970bus:FullAccounts2022-01-012022-12-31xbrli:purexbrli:sharesiso4217:GBP