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Company Registration No. 6269193 (England and Wales)
Ratcliffs Limited Unaudited accounts for the year ended 30 June 2023
Ratcliffs Limited Unaudited accounts Contents
Page
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Ratcliffs Limited Company Information for the year ended 30 June 2023
Directors
Steven Dayman Elaine Dayman
Secretary
Elaine Dayman
Company Number
6269193 (England and Wales)
Registered Office
38 Hanney Hay Road Hammerwich Staffordshire WS7 4QZ
Accountants
Victoria Miles Accountants Stafford Education and Enterprise Park Weston Road Stafford Staffordshire ST18 0BF
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ratcliffs Limited for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ratcliffs Limited for the year ended 30 June 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Ratcliffs Limited, as a body, in accordance with the terms of our engagement letter dated 15 August 2022. Our work has been undertaken solely to prepare for your approval the accounts of Ratcliffs Limited and state those matters that we have agreed to state to the Board of Directors of Ratcliffs Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ratcliffs Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ratcliffs Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ratcliffs Limited. You consider that Ratcliffs Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ratcliffs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Victoria Miles Accountants Chartered Certified Accountants Stafford Education and Enterprise Park Weston Road Stafford Staffordshire ST18 0BF 26 February 2024
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Ratcliffs Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,957 
22,243 
Current assets
Debtors
24,836 
26,551 
Cash at bank and in hand
2,278 
528 
27,114 
27,079 
Creditors: amounts falling due within one year
(15,631)
(24,696)
Net current assets
11,483 
2,383 
Total assets less current liabilities
29,440 
24,626 
Creditors: amounts falling due after more than one year
(3,478)
(10,478)
Provisions for liabilities
Deferred tax
(3,412)
- 
Net assets
22,550 
14,148 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
22,450 
14,048 
Shareholders' funds
22,550 
14,148 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by
Steven Dayman Director Company Registration No. 6269193
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Ratcliffs Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Ratcliffs Limited is a private company, limited by shares, registered in England and Wales, registration number 6269193. The registered office is 38 Hanney Hay Road, Hammerwich, Staffordshire, WS7 4QZ.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
22,200 
60,041 
82,241 
Additions
871 
- 
871 
At 30 June 2023
23,071 
60,041 
83,112 
Depreciation
At 1 July 2022
16,862 
43,136 
59,998 
Charge for the year
931 
4,226 
5,157 
At 30 June 2023
17,793 
47,362 
65,155 
Net book value
At 30 June 2023
5,278 
12,679 
17,957 
At 30 June 2022
5,338 
16,905 
22,243 
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Ratcliffs Limited Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,290 
26,551 
Other debtors
546 
- 
24,836 
26,551 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,854 
6,493 
Taxes and social security
8,904 
16,151 
Other creditors
478 
285 
Loans from directors
395 
1,767 
15,631 
24,696 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,478 
10,478 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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