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
Raw Pearls Limited
Company Information
for the year ended 31 January 2024
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
Raw Pearls Limited
Statement of financial position
as at 31 January 2024
Intangible assets
34,375
46,875
Tangible assets
34,550
39,745
Inventories
207,865
179,867
Cash at bank and in hand
347,379
291,799
Creditors: amounts falling due within one year
(107,617)
(113,582)
Net current assets
527,758
426,982
Net assets
596,683
513,602
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
Raw Pearls Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
Raw Pearls Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Other
At 1 February 2023
250,000
At 31 January 2024
250,000
At 1 February 2023
203,125
Charge for the year
12,500
At 31 January 2024
215,625
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
At 31 January 2024
23,500
38,543
62,043
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
At 31 January 2024
18,408
16,142
34,550
At 31 January 2023
23,108
16,637
39,745
Amounts falling due within one year
Trade debtors
77,433
68,720
Accrued income and prepayments
2,698
178
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
-
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
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).