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
Raven Global limited
Company Information
for the year ended 31 July 2023
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
Raven Global limited
Statement of financial position
as at 31 July 2023
Tangible assets
77,340
52,981
Inventories
133,159
46,696
Cash at bank and in hand
217,543
334,444
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
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
Raven Global limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
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
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
Raven Global limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
24,334
8,182
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
98,103
79,110
Taxes and social security
17,857
27,838
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
2,501
2,041
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).