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Company Registration No. 8161572 (England and Wales)
Raven Global limited Unaudited accounts for the year ended 31 July 2023
Raven Global limited Unaudited accounts Contents
Page
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Raven Global limited Company Information for the year ended 31 July 2023
Director
Audrius Varnas
Company Number
8161572 (England and Wales)
Registered Office
Unit 5 Tasker Street West Bromwich B70 0AU United Kingdom
Accountants
Konsus LTD 1st Floor 107 George lane South Woodford ESSEX E18 1AN
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Raven Global limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
77,340 
52,981 
Current assets
Inventories
133,159 
46,696 
Debtors
35,125 
8,201 
Cash at bank and in hand
217,543 
334,444 
385,827 
389,341 
Creditors: amounts falling due within one year
(141,684)
(129,416)
Net current assets
244,143 
259,925 
Total assets less current liabilities
321,483 
312,906 
Creditors: amounts falling due after more than one year
(33,334)
(42,874)
Net assets
288,149 
270,032 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
288,148 
270,031 
Shareholders' funds
288,149 
270,032 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 April 2024 and were signed on its behalf by
Audrius Varnas Director Company Registration No. 8161572
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Raven Global limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Raven Global limited is a private company, limited by shares, registered in England and Wales, registration number 8161572. The registered office is Unit 5, Tasker Street, West Bromwich, B70 0AU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer equipment
25 % reducing balance
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
85,000 
- 
12,763 
14,093 
111,856 
Additions
- 
38,950 
- 
- 
38,950 
At 31 July 2023
85,000 
38,950 
12,763 
14,093 
150,806 
Depreciation
At 1 August 2022
40,359 
- 
5,676 
12,840 
58,875 
Charge for the year
10,579 
1,948 
1,073 
991 
14,591 
At 31 July 2023
50,938 
1,948 
6,749 
13,831 
73,466 
Net book value
At 31 July 2023
34,062 
37,002 
6,014 
262 
77,340 
At 31 July 2022
44,641 
- 
7,087 
1,253 
52,981 
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Raven Global limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
218 
19 
Trade debtors
24,334 
8,182 
Other debtors
10,573 
- 
35,125 
8,201 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
25,724 
22,468 
Trade creditors
98,103 
79,110 
Taxes and social security
17,857 
27,838 
141,684 
129,416 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,833 
40,833 
Other creditors
2,501 
2,041 
33,334 
42,874 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 20 (2022: 20).
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