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Registered number: 08778225
THE RAG AND BONE MAN LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2023
Kent Coast Accounts Ltd
AAT Licenced Accountants
39 Brooke Avenue
Margate
Kent
CT9 5NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08778225
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 401 451
Tangible Assets 5 13,759 17,841
14,160 18,292
CURRENT ASSETS
Stocks 6 3,540 3,540
Debtors 7 8,250 18,497
Cash at bank and in hand 6,778 13,445
18,568 35,482
Creditors: Amounts Falling Due Within One Year 8 (9,858 ) (13,667 )
NET CURRENT ASSETS (LIABILITIES) 8,710 21,815
TOTAL ASSETS LESS CURRENT LIABILITIES 22,870 40,107
PROVISIONS FOR LIABILITIES
Deferred Taxation - (3,390 )
NET ASSETS 22,870 36,717
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 21,870 35,717
SHAREHOLDERS' FUNDS 22,870 36,717
Page 1
Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Elizabeth Firbank
Director
30th July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
THE RAG AND BONE MAN LIMITED Registered number 08778225 is a limited by shares company incorporated in England & Wales. The Registered Office is 1 Warwick Road, Cliftonville, Margate, Kent, CT9 2JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%, straight line
Motor Vehicles 20% to 25%, stright line
Office Equipment 4 years, straight line
Computer Equipment 20%, straight line
Assets considered to fully lose their value in the first year of acquisition are fully depreciated at purchase.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Intangible Assets
Other
£
Cost
As at 1 December 2022 500
As at 30 November 2023 500
Amortisation
As at 1 December 2022 49
Provided during the period 50
As at 30 November 2023 99
Net Book Value
As at 30 November 2023 401
As at 1 December 2022 451
5. Tangible Assets
Plant & Machinery Motor Vehicles Office Equipment Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 10,057 14,495 - 1,623 26,175
Additions - - 773 - 773
As at 30 November 2023 10,057 14,495 773 1,623 26,948
Depreciation
As at 1 December 2022 4,712 3,082 - 540 8,334
Provided during the period 1,569 2,899 74 313 4,855
As at 30 November 2023 6,281 5,981 74 853 13,189
Net Book Value
As at 30 November 2023 3,776 8,514 699 770 13,759
As at 1 December 2022 5,345 11,413 - 1,083 17,841
6. Stocks
2023 2022
£ £
Stock 3,540 3,540
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,680 17,170
Prepayments and accrued income 570 1,327
8,250 18,497
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,344 301
Corporation tax 3,947 5,609
Other taxes and social security 865 976
VAT 591 3,434
Accruals and deferred income 1,045 1,077
Directors' loan accounts 2,066 2,270
9,858 13,667
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5