2022-09-012023-08-312023-08-31false12813296RAZOR DEVELOPMENTS (NG) LTD2024-03-2643310iso4217:GBPxbrli:pure128132962022-09-01128132962023-08-31128132962022-09-012023-08-31128132962021-09-01128132962022-08-31128132962021-09-012022-08-3112813296bus:SmallEntities2022-09-012023-08-3112813296bus:AuditExempt-NoAccountantsReport2022-09-012023-08-3112813296bus:FullAccounts2022-09-012023-08-3112813296bus:PrivateLimitedCompanyLtd2022-09-012023-08-3112813296core:WithinOneYear2023-08-3112813296core:AfterOneYear2023-08-3112813296core:WithinOneYear2022-08-3112813296core:AfterOneYear2022-08-3112813296core:ShareCapital2023-08-3112813296core:SharePremium2023-08-3112813296core:RevaluationReserve2023-08-3112813296core:OtherReservesSubtotal2023-08-3112813296core:RetainedEarningsAccumulatedLosses2023-08-3112813296core:ShareCapital2022-08-3112813296core:SharePremium2022-08-3112813296core:RevaluationReserve2022-08-3112813296core:OtherReservesSubtotal2022-08-3112813296core:RetainedEarningsAccumulatedLosses2022-08-3112813296core:LandBuildings2023-08-3112813296core:PlantMachinery2023-08-3112813296core:Vehicles2023-08-3112813296core:FurnitureFittings2023-08-3112813296core:OfficeEquipment2023-08-3112813296core:NetGoodwill2023-08-3112813296core:IntangibleAssetsOtherThanGoodwill2023-08-3112813296core:ListedExchangeTraded2023-08-3112813296core:UnlistedNon-exchangeTraded2023-08-3112813296core:LandBuildings2022-08-3112813296core:PlantMachinery2022-08-3112813296core:Vehicles2022-08-3112813296core:FurnitureFittings2022-08-3112813296core:OfficeEquipment2022-08-3112813296core:NetGoodwill2022-08-3112813296core:IntangibleAssetsOtherThanGoodwill2022-08-3112813296core:ListedExchangeTraded2022-08-3112813296core:UnlistedNon-exchangeTraded2022-08-3112813296core:LandBuildings2022-09-012023-08-3112813296core:PlantMachinery2022-09-012023-08-3112813296core:Vehicles2022-09-012023-08-3112813296core:FurnitureFittings2022-09-012023-08-3112813296core:OfficeEquipment2022-09-012023-08-3112813296core:NetGoodwill2022-09-012023-08-3112813296core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3112813296core:ListedExchangeTraded2022-09-012023-08-3112813296core:UnlistedNon-exchangeTraded2022-09-012023-08-3112813296core:MoreThanFiveYears2022-09-012023-08-3112813296core:Non-currentFinancialInstruments2023-08-3112813296core:Non-currentFinancialInstruments2022-08-3112813296dpl:CostSales2022-09-012023-08-3112813296dpl:DistributionCosts2022-09-012023-08-3112813296core:LandBuildings2022-09-012023-08-3112813296core:PlantMachinery2022-09-012023-08-3112813296core:Vehicles2022-09-012023-08-3112813296core:FurnitureFittings2022-09-012023-08-3112813296core:OfficeEquipment2022-09-012023-08-3112813296dpl:AdministrativeExpenses2022-09-012023-08-3112813296core:NetGoodwill2022-09-012023-08-3112813296core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3112813296dpl:GroupUndertakings2022-09-012023-08-3112813296dpl:ParticipatingInterests2022-09-012023-08-3112813296dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3112813296core:ListedExchangeTraded2022-09-012023-08-3112813296dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3112813296core:UnlistedNon-exchangeTraded2022-09-012023-08-3112813296dpl:CostSales2021-09-012022-08-3112813296dpl:DistributionCosts2021-09-012022-08-3112813296core:LandBuildings2021-09-012022-08-3112813296core:PlantMachinery2021-09-012022-08-3112813296core:Vehicles2021-09-012022-08-3112813296core:FurnitureFittings2021-09-012022-08-3112813296core:OfficeEquipment2021-09-012022-08-3112813296dpl:AdministrativeExpenses2021-09-012022-08-3112813296core:NetGoodwill2021-09-012022-08-3112813296core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3112813296dpl:GroupUndertakings2021-09-012022-08-3112813296dpl:ParticipatingInterests2021-09-012022-08-3112813296dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3112813296core:ListedExchangeTraded2021-09-012022-08-3112813296dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3112813296core:UnlistedNon-exchangeTraded2021-09-012022-08-3112813296core:NetGoodwill2023-08-3112813296core:IntangibleAssetsOtherThanGoodwill2023-08-3112813296core:LandBuildings2023-08-3112813296core:PlantMachinery2023-08-3112813296core:Vehicles2023-08-3112813296core:FurnitureFittings2023-08-3112813296core:OfficeEquipment2023-08-3112813296core:AfterOneYear2023-08-3112813296core:WithinOneYear2023-08-3112813296core:ListedExchangeTraded2023-08-3112813296core:UnlistedNon-exchangeTraded2023-08-3112813296core:ShareCapital2023-08-3112813296core:SharePremium2023-08-3112813296core:RevaluationReserve2023-08-3112813296core:OtherReservesSubtotal2023-08-3112813296core:RetainedEarningsAccumulatedLosses2023-08-3112813296core:NetGoodwill2022-08-3112813296core:IntangibleAssetsOtherThanGoodwill2022-08-3112813296core:LandBuildings2022-08-3112813296core:PlantMachinery2022-08-3112813296core:Vehicles2022-08-3112813296core:FurnitureFittings2022-08-3112813296core:OfficeEquipment2022-08-3112813296core:AfterOneYear2022-08-3112813296core:WithinOneYear2022-08-3112813296core:ListedExchangeTraded2022-08-3112813296core:UnlistedNon-exchangeTraded2022-08-3112813296core:ShareCapital2022-08-3112813296core:SharePremium2022-08-3112813296core:RevaluationReserve2022-08-3112813296core:OtherReservesSubtotal2022-08-3112813296core:RetainedEarningsAccumulatedLosses2022-08-3112813296core:NetGoodwill2021-09-0112813296core:IntangibleAssetsOtherThanGoodwill2021-09-0112813296core:LandBuildings2021-09-0112813296core:PlantMachinery2021-09-0112813296core:Vehicles2021-09-0112813296core:FurnitureFittings2021-09-0112813296core:OfficeEquipment2021-09-0112813296core:AfterOneYear2021-09-0112813296core:WithinOneYear2021-09-0112813296core:ListedExchangeTraded2021-09-0112813296core:UnlistedNon-exchangeTraded2021-09-0112813296core:ShareCapital2021-09-0112813296core:SharePremium2021-09-0112813296core:RevaluationReserve2021-09-0112813296core:OtherReservesSubtotal2021-09-0112813296core:RetainedEarningsAccumulatedLosses2021-09-0112813296core:AfterOneYear2022-09-012023-08-3112813296core:WithinOneYear2022-09-012023-08-3112813296core:Non-currentFinancialInstrumentscore:CostValuation2022-09-012023-08-3112813296core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-012023-08-3112813296core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-012023-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-012023-08-3112813296core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-012023-08-3112813296core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-012023-08-3112813296core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3112813296core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3112813296core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3112813296core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:CostValuation2022-08-3112813296core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-3112813296core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-3112813296core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-3112813296core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-3112813296core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-3112813296core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-3112813296bus:Director12022-09-012023-08-3112813296bus:Director22022-09-012023-08-31

RAZOR DEVELOPMENTS (NG) LTD

Registered Number
12813296
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

RAZOR DEVELOPMENTS (NG) LTD
Company Information
for the year from 1 September 2022 to 31 August 2023

Directors

NEWTON, Stephen Richard
SMITH, Robert Clive

Registered Address

79 Crosslands Meadow
Colwick
Nottingham
NG4 2DJ

Registered Number

12813296 (England and Wales)
RAZOR DEVELOPMENTS (NG) LTD
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets46,1598,426
6,1598,426
Current assets
Debtors2,8941,862
Cash at bank and on hand2,8695,895
5,7637,757
Creditors amounts falling due within one year6(63,182)(46,118)
Net current assets (liabilities)(57,419)(38,361)
Total assets less current liabilities(51,260)(29,935)
Creditors amounts falling due after one year7(3,333)(5,833)
Net assets(54,593)(35,768)
Capital and reserves
Called up share capital23
Profit and loss account(54,595)(35,771)
Shareholders' funds(54,593)(35,768)
The financial statements were approved and authorised for issue by the Board of Directors on 26 March 2024, and are signed on its behalf by:
NEWTON, Stephen Richard
Director
Registered Company No. 12813296
RAZOR DEVELOPMENTS (NG) LTD
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Fixtures and fittings20-
Vehicles25-
Office Equipment-3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20232022
Average number of employees during the year44
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 September 221,22812,5001,36515,093
At 31 August 231,22812,5001,36515,093
Depreciation and impairment
At 01 September 224415,4697576,667
Charge for year1571,7583522,267
At 31 August 235987,2271,1098,934
Net book value
At 31 August 236305,2732566,159
At 31 August 227877,0316088,426
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables2,766991
Other debtors-4
Prepayments and accrued income128867
Total2,8941,862
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables35,89020,537
Bank borrowings and overdrafts26,30922,697
Taxation and social security2322,133
Accrued liabilities and deferred income751751
Total63,18246,118
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts3,3335,833
Total3,3335,833