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REGISTERED NUMBER: 11649265 (England and Wales)















RANTON TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






RANTON TRADING LIMITED (REGISTERED NUMBER: 11649265)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RANTON TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: C E Nowell





REGISTERED OFFICE: Old Smithy Cottage
Ranton
Stafford
Staffordshire
ST18 9JU





REGISTERED NUMBER: 11649265 (England and Wales)

RANTON TRADING LIMITED (REGISTERED NUMBER: 11649265)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,610 7,220
Tangible assets 5 50,028 305
53,638 7,525

CURRENT ASSETS
Stocks 6 40,061 40,061
Debtors 7 30,139 2,300
Cash at bank 84,344 273,311
154,544 315,672
CREDITORS
Amounts falling due within one year 8 (133,194 ) (143,595 )
NET CURRENT ASSETS 21,350 172,077
TOTAL ASSETS LESS CURRENT LIABILITIES 74,988 179,602

CREDITORS
Amounts falling due after more than one
year

9

(136,515

)

(143,398

)

PROVISIONS FOR LIABILITIES - (1,881 )
NET (LIABILITIES)/ASSETS (61,527 ) 34,323

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (61,627 ) 34,223
SHAREHOLDERS' FUNDS (61,527 ) 34,323

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

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

RANTON TRADING LIMITED (REGISTERED NUMBER: 11649265)

BALANCE SHEET - continued
31 MAY 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2024 and were signed by:





C E Nowell - Director


RANTON TRADING LIMITED (REGISTERED NUMBER: 11649265)

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


1. STATUTORY INFORMATION

Ranton Trading 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the supply and fitting of Kitchens is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the work performed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible assets are stated at cost (or deemed at cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Government grants
Government grants in respect of Covid-19 received as compensation for expenses or loses already incurred or for the purpose of giving immediate financial support to the company with no future related costs recognised as income in the period in which the grant becomes receivable using the accruals model.

RANTON TRADING LIMITED (REGISTERED NUMBER: 11649265)

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


2. ACCOUNTING POLICIES - continued

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

RANTON TRADING LIMITED (REGISTERED NUMBER: 11649265)

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


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 June 2022
and 31 May 2023 18,050
AMORTISATION
At 1 June 2022 10,830
Amortisation for year 3,610
At 31 May 2023 14,440
NET BOOK VALUE
At 31 May 2023 3,610
At 31 May 2022 7,220

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 654 - 1,526 2,180
Additions - 65,679 1,149 66,828
At 31 May 2023 654 65,679 2,675 69,008
DEPRECIATION
At 1 June 2022 490 - 1,385 1,875
Charge for year 164 16,420 521 17,105
At 31 May 2023 654 16,420 1,906 18,980
NET BOOK VALUE
At 31 May 2023 - 49,259 769 50,028
At 31 May 2022 164 - 141 305

6. STOCKS
2023 2022
£    £   
Work-in-progress 40,061 40,061

RANTON TRADING LIMITED (REGISTERED NUMBER: 11649265)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,040 -
Other debtors 2,300 2,300
Social security and other taxes 202 -
Tax 11,597 -
30,139 2,300

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,748 9,748
Trade creditors 28,653 14,945
Tax - 11,597
Social security and other taxes - 4,305
VAT 10,442 15,634
Other creditors 4,856 4,913
Accruals and deferred income 79,495 82,453
133,194 143,595

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 19,497 19,497
Bank loans - 2-5 years 2,185 11,879
Directors' loan accounts 114,833 112,022
136,515 143,398

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Share capital 1 1 100 100

11. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £71,302 (2022 £84,365).

12. GOING CONCERN

There was a net deficiency of assets of £61,627 at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.