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Company Registration No. 11683275 (England and Wales)
Ramina Autos Ltd Unaudited accounts for the year ended 30 November 2023
Ramina Autos Ltd Unaudited accounts Contents
Page
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Ramina Autos Ltd Company Information for the year ended 30 November 2023
Director
Mr Adil Saddiq
Company Number
11683275 (England and Wales)
Registered Office
The Elsie Whiteley Innovation Centre C/O Pinnacle, Hopwood Lane Halifax HX1 5ER England
Accountants
Pinnacle Chartered Accountants & Tax Advisors The Elsie Whiteley Innovation Centre Hopwood Lane Halifax HX1 5ER
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Ramina Autos Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
10,000 
Tangible assets
360 
- 
10,360 
10,000 
Current assets
Inventories
6,470 
19,687 
Debtors
2,180 
- 
Cash at bank and in hand
2,417 
5,479 
11,067 
25,166 
Creditors: amounts falling due within one year
(45,753)
(53,181)
Net current liabilities
(34,686)
(28,015)
Total assets less current liabilities
(24,326)
(18,015)
Provisions for liabilities
Deferred tax
(68)
- 
Net liabilities
(24,394)
(18,015)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(24,404)
(18,025)
Shareholders' funds
(24,394)
(18,015)
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 28 August 2024 and were signed on its behalf by
Mr Adil Saddiq Director Company Registration No. 11683275
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Ramina Autos Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Ramina Autos Ltd is a private company, limited by shares, registered in England and Wales, registration number 11683275. The registered office is The Elsie Whiteley Innovation Centre, C/O Pinnacle, Hopwood Lane, Halifax, HX1 5ER, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 and rebates. 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:
Computer equipment
25% on cost
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Ramina Autos Ltd Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Total 
£ 
Cost
At 1 December 2022
10,000 
At 30 November 2023
10,000 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
10,000 
At 30 November 2022
10,000 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
729 
Additions
480 
Disposals
(729)
At 30 November 2023
480 
Depreciation
At 1 December 2022
729 
Charge for the year
120 
On disposals
(729)
At 30 November 2023
120 
Net book value
At 30 November 2023
360 
6
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
68 
- 
2023 
2022 
£ 
£ 
Provision at start of year
- 
34 
Charged/(credited) to the profit and loss account
68 
(34)
Provision at end of year
68 
- 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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Ramina Autos Ltd Notes to the Accounts for the year ended 30 November 2023
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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