Registered number
09085966
Rampworx Sales Limited
Unaudited Filleted Accounts
31 August 2023
Rampworx Sales Limited
Registered number: 09085966
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 389 2,493
Current assets
Stocks 13,370 18,979
Debtors 5 1,623 1,470
Cash at bank and in hand 10,660 11,447
25,653 31,896
Creditors: amounts falling due within one year 6 (74,734) (50,723)
Net current liabilities (49,081) (18,827)
Net liabilities (48,692) (16,334)
Capital and reserves
Called up share capital 100 100
Profit and loss account (48,792) (16,434)
Shareholder's funds (48,692) (16,334)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Robinson
Director
Approved by the board on 11 July 2024
Rampworx Sales Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements over 5 years
Plant and machinery over 5 years
Fixtures and fittings over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Website
Cost
At 1 September 2022 7,812
At 31 August 2023 7,812
Amortisation
At 1 September 2022 7,812
At 31 August 2023 7,812
Net book value
At 31 August 2023 -
Website costs are being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2022 8,930 24,079 33,009
At 31 August 2023 8,930 24,079 33,009
Depreciation
At 1 September 2022 7,739 22,777 30,516
Charge for the year 1,191 913 2,104
At 31 August 2023 8,930 23,690 32,620
Net book value
At 31 August 2023 - 389 389
At 31 August 2022 1,191 1,302 2,493
5 Debtors 2023 2022
£ £
Other debtors 1,623 1,470
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,530 3,934
Amounts owed to group undertakings and undertakings in which the company has a participating interest 66,931 39,390
Taxation and social security costs 1,251 1,346
Other creditors 3,022 6,053
74,734 50,723
7 Controlling party
The company's ultimate controlling party is Rampworx Youth Village 2000, company number 4409268 and registered charity number 1097748, by virtue of its 100% shareholding of the issued share capital in the company.
8 Other information
Rampworx Sales Limited is a private company limited by shares and incorporated in England. Its registered office is:
1-3 Leckwith Road
Netherton
Liverpool
Merseyside
L30 6UE
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