Registered number
10608118
Ray Goudy Ltd
Filleted Accounts
31 March 2024
Ray Goudy Ltd
Registered number: 10608118
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,974,064 1,980,655
Current assets
Stocks 55,889 77,182
Debtors 4 220,799 283,838
Cash at bank and in hand 958,066 857,331
1,234,754 1,218,351
Creditors: amounts falling due within one year 5 (1,625,836) (1,680,135)
Net current liabilities (391,082) (461,784)
Total assets less current liabilities 1,582,982 1,518,871
Provisions for liabilities (65,202) (73,887)
Net assets 1,517,780 1,444,984
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,517,680 1,444,884
Shareholders' funds 1,517,780 1,444,984
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Goudy
Director
Approved by the board on 10 August 2024
Ray Goudy Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 15 years
Plant and machinery 15% reducing balance
Motor vehicles and trailers 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 17
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles and trailers Total
£ £ £ £
Cost
At 1 April 2023 1,549,254 83,860 1,135,886 2,769,000
Additions 63,560 19,307 39,420 122,287
Disposals - (7,272) (64,385) (71,657)
At 31 March 2024 1,612,814 95,895 1,110,921 2,819,630
Depreciation
At 1 April 2023 2,774 38,381 747,190 788,345
Charge for the year 555 9,241 104,112 113,908
On disposals - (4,019) (52,668) (56,687)
At 31 March 2024 3,329 43,603 798,634 845,566
Net book value
At 31 March 2024 1,609,485 52,292 312,287 1,974,064
At 31 March 2023 1,546,480 45,479 388,696 1,980,655
4 Debtors 2024 2023
£ £
Trade debtors 220,020 280,646
Other debtors 779 3,192
220,799 283,838
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 191,619 97,307
Taxation and social security costs 47,837 99,747
Other creditors 1,386,380 1,483,081
1,625,836 1,680,135
6 Other information
Ray Goudy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Plot 1 Tomo Industrial Estate
Tomo Road
Stowmarket
Suffolk
IP14 5AY
Ray Goudy Ltd 10608118 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 M Goudy No description of principal activity 10608118 2022-04-01 2023-03-31 10608118 core:WithinOneYear 2023-03-31 10608118 core:ShareCapital 2023-03-31 10608118 core:RetainedEarningsAccumulatedLosses 2023-03-31 10608118 2023-04-01 2024-03-31 10608118 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10608118 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10608118 bus:Director40 2023-04-01 2024-03-31 10608118 core:LandBuildings 2023-04-01 2024-03-31 10608118 core:PlantMachinery 2023-04-01 2024-03-31 10608118 core:Vehicles 2023-04-01 2024-03-31 10608118 countries:England 2023-04-01 2024-03-31 10608118 bus:FRS102 2023-04-01 2024-03-31 10608118 bus:FilletedAccounts 2023-04-01 2024-03-31 10608118 2024-03-31 10608118 core:WithinOneYear 2024-03-31 10608118 core:ShareCapital 2024-03-31 10608118 core:RetainedEarningsAccumulatedLosses 2024-03-31 10608118 core:LandBuildings 2024-03-31 10608118 core:PlantMachinery 2024-03-31 10608118 core:Vehicles 2024-03-31 10608118 2023-03-31 10608118 core:LandBuildings 2023-03-31 10608118 core:PlantMachinery 2023-03-31 10608118 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure