2023-04-01 2024-03-31 false No description of principal activity Debitam - Tax and Accounts 1.0 13296969 bus:FullAccounts 2023-04-01 2024-03-31 13296969 bus:Micro-entities 2023-04-01 2024-03-31 13296969 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13296969 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13296969 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13296969 2023-04-01 2024-03-31 13296969 2024-03-31 13296969 bus:RegisteredOffice 2023-04-01 2024-03-31 13296969 core:WithinOneYear 2024-03-31 13296969 core:AfterOneYear 2024-03-31 13296969 2022-04-01 13296969 bus:Director1 2023-04-01 2024-03-31 13296969 bus:Director1 2024-03-31 13296969 bus:Director1 2022-04-01 2023-03-31 13296969 bus:Director2 2023-04-01 2024-03-31 13296969 bus:Director2 2024-03-31 13296969 bus:Director2 2022-04-01 2023-03-31 13296969 bus:Director3 2023-04-01 2024-03-31 13296969 bus:Director3 2024-03-31 13296969 bus:Director3 2022-04-01 2023-03-31 13296969 bus:CompanySecretary1 2023-04-01 2024-03-31 13296969 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 13296969 2022-04-01 2023-03-31 13296969 2023-03-31 13296969 core:WithinOneYear 2023-03-31 13296969 core:AfterOneYear 2023-03-31 13296969 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 13296969 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13296969 bus:OrdinaryShareClass1 2024-03-31 13296969 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 13296969 bus:OrdinaryShareClass1 2023-03-31 13296969 core:ComputerEquipment 2023-04-01 2024-03-31 13296969 core:ComputerEquipment 2024-03-31 13296969 core:ComputerEquipment 2023-03-31 13296969 core:OwnedOrFreeholdAssets core:PlantMachinery 2023-04-01 2024-03-31 13296969 core:OwnedOrFreeholdAssets core:PlantMachinery 2024-03-31 13296969 core:OwnedOrFreeholdAssets core:PlantMachinery 2023-03-31 13296969 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 13296969 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 13296969 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 13296969 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 13296969 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 13296969 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 13296969 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 13296969 core:Non-currentFinancialInstruments 2024-03-31 13296969 core:Non-currentFinancialInstruments 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13296969
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 March 2024

for

RAVAC DEVELOPMENT LIMITED

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 108,653  107,191 
Current assets 81,280  119,268 
Creditors: amount falling due within one year (228,560) (258,990)
Net current assets (147,280) (139,722)
Total assets less current liabilities (38,627) (32,531)
Net assets (38,627) (32,531)
 
Capital and reserves (38,627) (32,531)
 
  1. For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Ayodeji Razaq Ayo-Yusuf
Director

Date approved: 09 September 2024
1
Statutory Information
RAVAC DEVELOPMENT LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 13296969, registration address 238 Tyndale Crescent, Birmingham, B43 7HU, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or Valuation Freehold property   Computer Equipment   Total
  £   £   £
At 01 April 2023 107,191      107,191 
Additions   1,828    1,828 
Disposals    
At 31 March 2024 107,191    1,828    109,019 
Depreciation
At 01 April 2023    
Charge for year   366    366 
On disposals    
At 31 March 2024   366    366 
Net book values
Closing balance as at 31 March 2024 107,191    1,462    108,653 
Opening balance as at 01 April 2023 107,191      107,191 

3.

Average number of employees

Average number of employees during the year was 3  (2023: 2).
2