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REGISTERED NUMBER: 04021026 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

RAEVAN SUPPLIES LIMITED

RAEVAN SUPPLIES LIMITED (REGISTERED NUMBER: 04021026)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAEVAN SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: D J Rae





SECRETARY: Mrs A R Rae





REGISTERED OFFICE: 29 Town Road
Cliffe Woods
Rochester
Kent
ME3 8JH





REGISTERED NUMBER: 04021026 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

RAEVAN SUPPLIES LIMITED (REGISTERED NUMBER: 04021026)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,047 128,061

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 5 64,844 75,742
Cash at bank 132,282 135,068
209,126 222,810
CREDITORS
Amounts falling due within one year 6 113,666 113,440
NET CURRENT ASSETS 95,460 109,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,507

237,431

CREDITORS
Amounts falling due after more than one
year

7

(115,018

)

(126,083

)

PROVISIONS FOR LIABILITIES (13,861 ) (19,636 )
NET ASSETS 62,628 91,712

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 62,528 91,612
SHAREHOLDERS' FUNDS 62,628 91,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RAEVAN SUPPLIES LIMITED (REGISTERED NUMBER: 04021026)

BALANCE SHEET - continued
30 JUNE 2024


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 director and authorised for issue on 27 August 2024 and were signed by:





D J Rae - Director


RAEVAN SUPPLIES LIMITED (REGISTERED NUMBER: 04021026)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Raevan Supplies Limited 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.

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

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 - 25% per annum on reducing balance
Fixtures and fittings - 25% per annum on reducing balance
Motor vehicles - 25% per annum on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RAEVAN SUPPLIES LIMITED (REGISTERED NUMBER: 04021026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 325 3,960 181,280 185,565
DEPRECIATION
At 1 July 2023 281 3,781 53,442 57,504
Charge for year 11 44 31,959 32,014
At 30 June 2024 292 3,825 85,401 89,518
NET BOOK VALUE
At 30 June 2024 33 135 95,879 96,047
At 30 June 2023 44 179 127,838 128,061

RAEVAN SUPPLIES LIMITED (REGISTERED NUMBER: 04021026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 181,280
DEPRECIATION
At 1 July 2023 53,442
Charge for year 31,959
At 30 June 2024 85,401
NET BOOK VALUE
At 30 June 2024 95,879
At 30 June 2023 127,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,449 75,432
Other debtors 395 310
64,844 75,742

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,529 27,995
Trade creditors 16,692 19,673
Taxation and social security 67,216 59,441
Other creditors 10,229 6,331
113,666 113,440

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 115,018 126,083

RAEVAN SUPPLIES LIMITED (REGISTERED NUMBER: 04021026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 July 2023 91,612
Profit for the year 102,916
Dividends (132,000 )
At 30 June 2024 62,528

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owe D J Rae £85 (2023: £1,064).
During the year dividends of £66,000 were paid to D J Rae.

11. RELATED PARTY DISCLOSURES

During the year dividends fo £66,000 were paid to A R Rae.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Rae.