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Registered number: 2589520

Rakemaster Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Malcolm Roussak & Co
Chartered Accountants
52 Bury Old Road
Whitefield
Manchester
M45 6TL

Rakemaster Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
A Hinds
P Duffy
SECRETARY
P Duffy
REGISTERED OFFICE
Unit 2 Palatine Industrial Estate
Causeway Avenue
Warrington
Cheshire
WA4 6QQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 2589520
ACCOUNTANTS
Malcolm Roussak & Co
Chartered Accountants
52 Bury Old Road
Whitefield
Manchester
M45 6TL

Rakemaster Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Rakemaster Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets327,99631,099
CURRENT ASSETS
Stock13,8809,935
Debtors538,36040,210
Cash at bank and in hand143,583128,894
195,823179,039
CREDITORS: Amounts falling due within one year670,04956,647
NET CURRENT ASSETS125,774122,392
TOTAL ASSETS LESS CURRENT LIABILITIES153,770153,491
CREDITORS: Amounts falling due after more than one year723,33343,333
PROVISIONS FOR LIABILITIES AND CHARGES85,3195,909
NET ASSETS125,118104,249
CAPITAL AND RESERVES
Called up share capital9500500
Profit and loss account124,618103,749
SHAREHOLDERS' FUNDS125,118104,249
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/07/2023 and signed on their behalf by
.............................
A Hinds
Director

Rakemaster Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees33

Rakemaster Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/04/2022153,51617,804171,320
Additions2,500-2,500
At 31/03/2023156,01617,804173,820
Depreciation
At 01/04/2022128,05012,171140,221
For the year4,1951,4085,603
At 31/03/2023132,24513,579145,824
Net Book Amounts
At 31/03/202323,7714,22527,996
At 31/03/202225,4665,63331,099
4. STOCK 20232022
££
Stock comprises:
Stock13,8809,935
13,8809,935
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors35,47538,360
Prepayments2,8851,850
38,36040,210
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax16,84215,004
VAT13,37610,997
PAYE control565832
Directors current account6969
Bank Loan10,000-
Trade creditors28,57329,175
Accruals624570
70,04956,647

Rakemaster Limited

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr-10,000
Loans >1yr23,33333,333
23,33343,333
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation5,3195,909
5,3195,909
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
500 Ordinary shares of £1.00 each500500
500500