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REGISTERED NUMBER: 05433356








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

RAMTECH ENERGY SERVICES LIMITED

RAMTECH ENERGY SERVICES LIMITED (REGISTERED NUMBER: 05433356)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 July 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 7

RAMTECH ENERGY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 July 2023







DIRECTORS: Mr G R Widdows
Mr O Craske





REGISTERED OFFICE: Unit 17
Coln Park
Andoversford
Cheltenham
Gloucestershire
GL54 4HJ





REGISTERED NUMBER: 05433356





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

RAMTECH ENERGY SERVICES LIMITED (REGISTERED NUMBER: 05433356)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,971 25,294
Tangible assets 5 33,269 43,958
52,240 69,252

CURRENT ASSETS
Stocks 60,355 62,577
Debtors 6 54,609 25,367
Cash at bank and in hand 89,210 78,888
204,174 166,832
CREDITORS
Amounts falling due within one year 7 125,507 120,502
NET CURRENT ASSETS 78,667 46,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,907

115,582

CREDITORS
Amounts falling due after more than one year 8 (27,204 ) (41,928 )

PROVISIONS FOR LIABILITIES (8,297 ) (8,972 )
NET ASSETS 95,406 64,682

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 95,405 64,681
SHAREHOLDERS' FUNDS 95,406 64,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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

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 10 April 2024 and were signed on its behalf by:




Mr G R Widdows - Director


RAMTECH ENERGY SERVICES LIMITED (REGISTERED NUMBER: 05433356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 July 2023

1. STATUTORY INFORMATION

Ramtech Energy Services Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance and 20% on reducing balance
Computer equipment - 33% on cost

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

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.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

RAMTECH ENERGY SERVICES LIMITED (REGISTERED NUMBER: 05433356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 63,237
AMORTISATION
At 1 August 2022 37,943
Charge for year 6,323
At 31 July 2023 44,266
NET BOOK VALUE
At 31 July 2023 18,971
At 31 July 2022 25,294

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 8,141 11,804 94,242 10,813 125,000
Additions 719 - - - 719
At 31 July 2023 8,860 11,804 94,242 10,813 125,719
DEPRECIATION
At 1 August 2022 4,872 9,658 56,759 9,753 81,042
Charge for year 947 247 9,371 843 11,408
At 31 July 2023 5,819 9,905 66,130 10,596 92,450
NET BOOK VALUE
At 31 July 2023 3,041 1,899 28,112 217 33,269
At 31 July 2022 3,269 2,146 37,483 1,060 43,958

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 51,632
DEPRECIATION
At 1 August 2022 25,410
Charge for year 6,561
At 31 July 2023 31,971
NET BOOK VALUE
At 31 July 2023 19,661
At 31 July 2022 26,222

RAMTECH ENERGY SERVICES LIMITED (REGISTERED NUMBER: 05433356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,156 18,797
Prepayments 9,453 6,570
54,609 25,367

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 5,152 11,239
Trade creditors 9,063 5,174
Tax 21,346 14,381
Social security and other taxes 2,948 3,871
Pension creditor 817 543
VAT 18,096 12,210
Directors' current accounts 57,947 63,016
Accrued expenses 138 68
125,507 120,502

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 27,204 36,776
Hire purchase contracts (see note 9) - 5,152
27,204 41,928

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 5,152 11,239
Between one and five years - 5,152
5,152 16,391

Non-cancellable operating leases
2023 2022
£    £   
Within one year 17,500 17,500
Between one and five years - 17,500
17,500 35,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included with other creditors is a balance owed to the director, Mr G Widdows of £57,947 (2022 £63,016). This loan is interest free and has no repayment terms.

RAMTECH ENERGY SERVICES LIMITED (REGISTERED NUMBER: 05433356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 July 2023

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G R Widdows.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RAMTECH ENERGY SERVICES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ramtech Energy Services Limited for the year ended 31 July 2023 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ramtech Energy Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ramtech Energy Services Limited and state those matters that we have agreed to state to the Board of Directors of Ramtech Energy Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ramtech Energy Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ramtech Energy Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ramtech Energy Services Limited. You consider that Ramtech Energy Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ramtech Energy Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................