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REGISTERED NUMBER: 08005423 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

RATEL LIMITED

RATEL LIMITED (REGISTERED NUMBER: 08005423)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RATEL LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: J P Massarella





REGISTERED OFFICE: 20 Paradise Square
Sheffield
S1 1UA





REGISTERED NUMBER: 08005423 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
20 Paradise Square
Sheffield
S1 2DE

RATEL LIMITED (REGISTERED NUMBER: 08005423)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 234,260 257,887

CURRENT ASSETS
Stocks 9,700 9,700
Debtors 5 83,612 56,740
Cash at bank and in hand 253,557 294,799
346,869 361,239
CREDITORS
Amounts falling due within one year 6 402,049 411,973
NET CURRENT LIABILITIES (55,180 ) (50,734 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,080

207,153

CREDITORS
Amounts falling due after more than one
year

7

(113,302

)

(125,158

)

PROVISIONS FOR LIABILITIES (14,031 ) (17,009 )
NET ASSETS 51,747 64,986

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,647 64,886
51,747 64,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

RATEL LIMITED (REGISTERED NUMBER: 08005423)

BALANCE SHEET - continued
31 December 2022


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 29 March 2024 and were signed by:





J P Massarella - Director


RATEL LIMITED (REGISTERED NUMBER: 08005423)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Ratel 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over term of the lease
Plant and machinery etc - 10% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


RATEL LIMITED (REGISTERED NUMBER: 08005423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2021 - 23 ) .

RATEL LIMITED (REGISTERED NUMBER: 08005423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2022 18,440 393,402 411,842
Additions - 6,144 6,144
At 31 December 2022 18,440 399,546 417,986
DEPRECIATION
At 1 January 2022 7,705 146,250 153,955
Charge for year 1,844 27,927 29,771
At 31 December 2022 9,549 174,177 183,726
NET BOOK VALUE
At 31 December 2022 8,891 225,369 234,260
At 31 December 2021 10,735 247,152 257,887

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 83,612 56,740

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 13,636 13,636
Trade creditors 131,681 133,846
Taxation and social security 76,783 79,576
Other creditors 179,949 184,915
402,049 411,973

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 32,954 46,590
Other creditors 80,348 78,568
113,302 125,158

RATEL LIMITED (REGISTERED NUMBER: 08005423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Other loans 80,348 78,568

Other loans comprise of loans secured on the leasehold property and fixtures and fittings of the company.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J P Massarella.