1 February 2023 false No description of principal activity Taxfiler 2024.5 04503422business:PrivateLimitedCompanyLtd2023-02-012024-01-31 045034222023-01-31 045034222023-02-012024-01-31 04503422business:AuditExemptWithAccountantsReport2023-02-012024-01-31 04503422business:FilletedAccounts2023-02-012024-01-31 045034222024-01-31 04503422business:Director12023-02-012024-01-31 04503422business:RegisteredOffice2023-02-012024-01-31 045034222023-01-31 04503422core:WithinOneYear2024-01-31 04503422core:WithinOneYear2023-01-31 04503422core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 04503422core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 04503422core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-01-31 04503422core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-01-31 04503422core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 04503422core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 04503422core:PreviouslyStatedAmount2024-01-31 04503422core:PreviouslyStatedAmount2023-01-31 04503422business:SmallEntities2023-02-012024-01-31 04503422countries:EnglandWales2023-02-012024-01-31 04503422core:MotorVehicles2023-02-012024-01-31 04503422core:FurnitureFittings2023-02-012024-01-31 04503422core:IntangibleAssetsOtherThanGoodwill2023-01-31 04503422core:IntangibleAssetsOtherThanGoodwill2024-01-31 04503422core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31 04503422core:MotorVehicles2023-01-31 04503422core:FurnitureFittings2023-01-31 04503422core:MotorVehicles2024-01-31 04503422core:FurnitureFittings2024-01-31 045034222022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 04503422 (England and Wales)
Raw Pearls Limited Unaudited accounts for the year ended 31 January 2024
Raw Pearls Limited Unaudited accounts Contents
Page
- 2 -
Raw Pearls Limited Company Information for the year ended 31 January 2024
Director
Miranda Raw
Company Number
04503422 (England and Wales)
Registered Office
2 Monks Dairy Workshops Isle Brewers TAUNTON Somerset TA3 6QL England
Accountants
Wessex Commercial Solutions Limited Yeovil Innovation Centre Barracks Close Yeovil BA22 8RN
- 3 -
Raw Pearls Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
34,375 
46,875 
Tangible assets
34,550 
39,745 
68,925 
86,620 
Current assets
Inventories
207,865 
179,867 
Debtors
80,131 
68,898 
Cash at bank and in hand
347,379 
291,799 
635,375 
540,564 
Creditors: amounts falling due within one year
(107,617)
(113,582)
Net current assets
527,758 
426,982 
Net assets
596,683 
513,602 
Capital and reserves
Called up share capital
100 
100 
Capital redemption reserve
900 
900 
Profit and loss account
595,683 
512,602 
Shareholders' funds
596,683 
513,602 
For the year ending 31 January 2024 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 director acknowledges her 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 and authorised for issue on 29 July 2024 and were signed on its behalf by
Miranda Raw Director Company Registration No. 04503422
- 4 -
Raw Pearls Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Raw Pearls Limited is a private company, limited by shares, registered in England and Wales, registration number 04503422. The registered office is 2 Monks Dairy Workshops, Isle Brewers , TAUNTON, Somerset, TA3 6QL, England.
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
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Motor vehicles
20% Straight line
Fixtures & fittings
25%-33% Straight line and 33% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Raw Pearls Limited Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
250,000 
At 31 January 2024
250,000 
Amortisation
At 1 February 2023
203,125 
Charge for the year
12,500 
At 31 January 2024
215,625 
Net book value
At 31 January 2024
34,375 
At 31 January 2023
46,875 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
23,500 
35,831 
59,331 
Additions
- 
2,712 
2,712 
At 31 January 2024
23,500 
38,543 
62,043 
Depreciation
At 1 February 2023
392 
19,194 
19,586 
Charge for the year
4,700 
3,207 
7,907 
At 31 January 2024
5,092 
22,401 
27,493 
Net book value
At 31 January 2024
18,408 
16,142 
34,550 
At 31 January 2023
23,108 
16,637 
39,745 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
77,433 
68,720 
Accrued income and prepayments
2,698 
178 
80,131 
68,898 
- 6 -
Raw Pearls Limited Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
558 
- 
VAT
21,500 
18,322 
Trade creditors
9,788 
16,063 
Taxes and social security
30,942 
30,130 
Other creditors
44,829 
30,552 
Loans from directors
- 
18,515 
107,617 
113,582 
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).
- 7 -