RAM Utility Solutions Ltd 11897746 false 2023-03-31 2023-12-31 2023-12-31 The principal activity of the company is safety consultants in the construction industry. Digita Accounts Production Advanced 6.30.9574.0 true 11897746 2023-03-31 2023-12-31 11897746 2023-12-31 11897746 bus:Director1 1 2023-12-31 11897746 bus:Director2 1 2023-12-31 11897746 bus:Director3 1 2023-12-31 11897746 core:RetainedEarningsAccumulatedLosses 2023-12-31 11897746 core:ShareCapital 2023-12-31 11897746 core:CurrentFinancialInstruments 2023-12-31 11897746 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11897746 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 11897746 core:Goodwill 2023-12-31 11897746 core:FurnitureFittingsToolsEquipment 2023-12-31 11897746 core:LandBuildings 2023-12-31 11897746 core:MotorVehicles 2023-12-31 11897746 core:OtherPropertyPlantEquipment 2023-12-31 11897746 bus:SmallEntities 2023-03-31 2023-12-31 11897746 bus:AuditExemptWithAccountantsReport 2023-03-31 2023-12-31 11897746 bus:FullAccounts 2023-03-31 2023-12-31 11897746 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2023-12-31 11897746 bus:RegisteredOffice 2023-03-31 2023-12-31 11897746 bus:Director1 2023-03-31 2023-12-31 11897746 bus:Director1 1 2023-03-31 2023-12-31 11897746 bus:Director2 2023-03-31 2023-12-31 11897746 bus:Director2 1 2023-03-31 2023-12-31 11897746 bus:Director3 2023-03-31 2023-12-31 11897746 bus:Director3 1 2023-03-31 2023-12-31 11897746 bus:PrivateLimitedCompanyLtd 2023-03-31 2023-12-31 11897746 core:Goodwill 2023-03-31 2023-12-31 11897746 core:FurnitureFittingsToolsEquipment 2023-03-31 2023-12-31 11897746 core:LandBuildings 2023-03-31 2023-12-31 11897746 core:MotorCars 2023-03-31 2023-12-31 11897746 core:MotorVehicles 2023-03-31 2023-12-31 11897746 core:OfficeEquipment 2023-03-31 2023-12-31 11897746 core:OtherPropertyPlantEquipment 2023-03-31 2023-12-31 11897746 core:PlantMachinery 2023-03-31 2023-12-31 11897746 countries:EnglandWales 2023-03-31 2023-12-31 11897746 2023-03-30 11897746 bus:Director1 1 2023-03-30 11897746 bus:Director2 1 2023-03-30 11897746 bus:Director3 1 2023-03-30 11897746 core:Goodwill 2023-03-30 11897746 core:FurnitureFittingsToolsEquipment 2023-03-30 11897746 core:LandBuildings 2023-03-30 11897746 core:MotorVehicles 2023-03-30 11897746 core:OtherPropertyPlantEquipment 2023-03-30 11897746 2022-04-01 2023-03-30 11897746 2023-03-30 11897746 core:RetainedEarningsAccumulatedLosses 2023-03-30 11897746 core:ShareCapital 2023-03-30 11897746 core:CurrentFinancialInstruments 2023-03-30 11897746 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 11897746 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-30 11897746 core:Goodwill 2023-03-30 11897746 core:FurnitureFittingsToolsEquipment 2023-03-30 11897746 core:LandBuildings 2023-03-30 11897746 core:MotorVehicles 2023-03-30 11897746 core:OtherPropertyPlantEquipment 2023-03-30 iso4217:GBP xbrli:pure

Registration number: 11897746

RAM Utility Solutions Ltd

Unaudited Financial Statements

for the Period from 31 March 2023 to 31 December 2023

 

RAM Utility Solutions Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

RAM Utility Solutions Ltd

(Registration number: 11897746)
Balance Sheet as at 31 December 2023

Note

2023
£

2023
£

Fixed assets

 

Intangible assets

4

83,553

137,266

Tangible assets

5

1,065,858

228,646

 

1,149,411

365,912

Current assets

 

Debtors

6

531,088

214,124

Cash at bank and in hand

 

18,942

13,520

 

550,030

227,644

Creditors: Amounts falling due within one year

7

(927,541)

(439,725)

Net current liabilities

 

(377,511)

(212,081)

Total assets less current liabilities

 

771,900

153,831

Creditors: Amounts falling due after more than one year

7

(456,793)

(76,804)

Provisions for liabilities

(24,118)

(18,394)

Net assets

 

290,989

58,633

Capital and reserves

 

Called up share capital

150

150

Retained earnings

290,839

58,483

Shareholders' funds

 

290,989

58,633

 

RAM Utility Solutions Ltd

(Registration number: 11897746)
Balance Sheet as at 31 December 2023

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 January 2024 and signed on its behalf by:
 

.........................................
Mr MS Lowry
Director

.........................................
Mr PA Crane
Director

 

RAM Utility Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7- 9 Macon Court
Crewe
CW1 6EA
UK

The principal place of business is:
3 Pitt Street
Widnes
Cheshire
WA8 0TG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

RAM Utility Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

15% Reducing balance

Motor vehicles

15% Reducing balance

Office equipment

20% Reducing balance

Land and buildings

No depreciation

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 2 years

 

RAM Utility Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 31 December 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 33 (2023 - 35).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 31 March 2023

143,234

143,234

At 31 December 2023

143,234

143,234

Amortisation

At 31 March 2023

5,968

5,968

Amortisation charge

53,713

53,713

At 31 December 2023

59,681

59,681

Carrying amount

At 31 December 2023

83,553

83,553

At 30 March 2023

137,266

137,266

 

RAM Utility Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 31 December 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 31 March 2023

-

1,100

84,639

147,504

233,243

Revaluations

-

-

5,098

237,101

242,199

Additions

6,208

137

164,151

546,456

716,952

Disposals

-

-

(6,000)

-

(6,000)

At 31 December 2023

6,208

1,237

247,888

931,061

1,186,394

Depreciation

At 31 March 2023

-

18

1,058

3,521

4,597

Charge for the period

-

178

24,675

91,235

116,088

Eliminated on disposal

-

-

(149)

-

(149)

At 31 December 2023

-

196

25,584

94,756

120,536

Carrying amount

At 31 December 2023

6,208

1,041

222,304

836,305

1,065,858

At 30 March 2023

-

1,082

83,581

143,983

228,646

 

RAM Utility Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 31 December 2023

6

Debtors

Current

2023
£

2023
£

Trade debtors

398,808

208,449

Other debtors

132,280

5,675

 

531,088

214,124

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2023
£

Due within one year

 

Other borrowings

321,596

190,182

Trade creditors

 

105,315

51,793

Taxation and social security

 

202,338

35,191

Other creditors

 

298,292

162,559

 

927,541

439,725

Creditors: amounts falling due after more than one year

Note

2023
£

2023
£

Due after one year

 

Other borrowings

456,793

76,804

Other borrowings

Included in other borrowings are hire purchase liabilities. These liabilities are secured on the associated assets held by the company.

 

RAM Utility Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 31 December 2023

8

Related party transactions

2023

At 31 March 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mr MS Lowry

Director's Loan

-

44,200

(18,200)

26,000

         
       

Mr PA Crane

Director's Loan

-

42,537

(16,537)

26,000

         
       

Ms SJ Hatfield

Director's Loan

-

44,732

(18,732)

26,000