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REGISTERED NUMBER: 07437506 (England and Wales)

























Unaudited Financial Statements for the Year Ended 30 November 2023

for

MJ Ravenscroft Ltd

MJ Ravenscroft Ltd (Registered number: 07437506)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


MJ Ravenscroft Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M Ravenscroft
Dr S Ravenscroft





REGISTERED OFFICE: 2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER





REGISTERED NUMBER: 07437506 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

MJ Ravenscroft Ltd (Registered number: 07437506)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 136,500 156,000
Tangible assets 5 47,902 1,107
Investments 6 500 500
184,902 157,607

CURRENT ASSETS
Debtors 7 722,931 555,448
Cash at bank 9,498 13,779
732,429 569,227
CREDITORS
Amounts falling due within one year 8 166,727 107,247
NET CURRENT ASSETS 565,702 461,980
TOTAL ASSETS LESS CURRENT LIABILITIES 750,604 619,587

CREDITORS
Amounts falling due after more than one
year

9

(59,255

)

(29,376

)

PROVISIONS FOR LIABILITIES (11,975 ) (277 )
NET ASSETS 679,374 589,934

MJ Ravenscroft Ltd (Registered number: 07437506)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 679,274 589,834
SHAREHOLDERS' FUNDS 679,374 589,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





M Ravenscroft - Director


MJ Ravenscroft Ltd (Registered number: 07437506)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

MJ Ravenscroft Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

MJ Ravenscroft Ltd (Registered number: 07437506)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 390,000
AMORTISATION
At 1 December 2022 234,000
Charge for year 19,500
At 30 November 2023 253,500
NET BOOK VALUE
At 30 November 2023 136,500
At 30 November 2022 156,000

MJ Ravenscroft Ltd (Registered number: 07437506)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 5,475
Additions 58,129
At 30 November 2023 63,604
DEPRECIATION
At 1 December 2022 4,368
Charge for year 11,334
At 30 November 2023 15,702
NET BOOK VALUE
At 30 November 2023 47,902
At 30 November 2022 1,107

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 58,129
At 30 November 2023 58,129
DEPRECIATION
Charge for year 10,899
At 30 November 2023 10,899
NET BOOK VALUE
At 30 November 2023 47,230

MJ Ravenscroft Ltd (Registered number: 07437506)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 500
NET BOOK VALUE
At 30 November 2023 500
At 30 November 2022 500

7. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 29,298 39,726
Other debtors 543,846 419,261
573,144 458,987

Amounts falling due after more than one year:
Other debtors 149,787 96,461

Aggregate amounts 722,931 555,448

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,810 -
Taxation and social security 140,911 90,641
Other creditors 9,006 6,606
166,727 107,247

MJ Ravenscroft Ltd (Registered number: 07437506)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 18,124 29,376
Hire purchase contracts 41,131 -
59,255 29,376

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loan 47,941 -

The above loan is secured against the Motor Vehicle held within the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
M Ravenscroft
Balance outstanding at start of year 384,561 318,700
Amounts advanced 316,705 283,402
Amounts repaid (157,420 ) (217,541 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 543,846 384,561

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Ravenscroft.