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REGISTERED NUMBER: 02861910 (England and Wales)















Ramel Power Systems Limited

Financial Statements

for the Year Ended 31 December 2023






Ramel Power Systems Limited (Registered number: 02861910)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ramel Power Systems Limited

Company Information
for the year ended 31 December 2023







Director: J N Cross





Secretary: K Tymoszewska





Registered office: CBW LLP - Floor 3
66 Prescot Street
London
E1 8NN





Registered number: 02861910 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Ramel Power Systems Limited (Registered number: 02861910)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
Current assets
Debtors 4 190,485 88,834
Cash at bank 13,073 13,601
203,558 102,435
Creditors
Amounts falling due within one year 5 185,397 87,518
Net current assets 18,161 14,917
Total assets less current liabilities 18,161 14,917

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 6 17,161 13,917
18,161 14,917

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 February 2024 and were signed by:





J N Cross - Director


Ramel Power Systems Limited (Registered number: 02861910)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Ramel Power Systems Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. Employees and directors

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

4. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 190,485 88,825
VAT - 9
190,485 88,834

Ramel Power Systems Limited (Registered number: 02861910)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 171,436 79,942
Tax 3,107 3,542
Directors' current accounts 6,854 34
Accrued expenses 4,000 4,000
185,397 87,518

6. Reserves
Retained
earnings
£

At 1 January 2023 13,917
Profit for the year 13,244
Dividends (10,000 )
At 31 December 2023 17,161

7. Director's advances, credits and guarantees

Dividends totalling £10,000 (2022 £20,000) were paid in the year in respect of shares held by the company shareholders.

At the year end, the company owed £6,820 (2022: £34) to the director of the company.