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REGISTERED NUMBER: 05183011 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

RAISED FLOOR SYSTEMS LIMITED

RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAISED FLOOR SYSTEMS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: J Hudson
M C Clements
A Clements
S Daly





SECRETARY: M C Clements





REGISTERED OFFICE: Units 3-4
Henlow Industrial Estate
Henlow
Bedfordshire
SG16 6DS





REGISTERED NUMBER: 05183011 (England and Wales)





ACCOUNTANTS: COLIN GRAY & CO. LIMITED
Chartered Accountants
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,772 36,436

CURRENT ASSETS
Stocks 20,000 27,500
Debtors 5 520,732 917,706
Cash at bank and in hand 205,928 12,349
746,660 957,555
CREDITORS
Amounts falling due within one year 6 459,260 677,355
NET CURRENT ASSETS 287,400 280,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,172

316,636

CREDITORS
Amounts falling due after more than one
year

7

(56,017

)

(89,104

)

PROVISIONS FOR LIABILITIES (3,947 ) (6,923 )
NET ASSETS 248,208 220,609

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 247,208 219,609
SHAREHOLDERS' FUNDS 248,208 220,609

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

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

The directors acknowledge their 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.

RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)

BALANCE SHEET - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





J Hudson - Director


RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Raised Floor 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 represents the value of work carried out, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

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.

Government grants
Grants relating to revenue are recognised as income in the period in which the related costs are incurred for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 87,709
Additions 919
At 31 July 2023 88,628
DEPRECIATION
At 1 August 2022 51,273
Charge for year 16,583
At 31 July 2023 67,856
NET BOOK VALUE
At 31 July 2023 20,772
At 31 July 2022 36,436

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 235,618 546,383
Other debtors 285,114 371,323
520,732 917,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 3,689 6,914
Trade creditors 313,985 492,175
Amounts owed to group undertakings 5,671 7,381
Taxation and social security 55,341 68,206
Other creditors 50,574 72,679
459,260 677,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 55,000 86,038
Hire purchase contracts 1,017 3,066
56,017 89,104

RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 4,706 9,980