RAMAGE YOUNG DESIGN LTD

Company Registration Number:
SC462410 (Scotland)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

RAMAGE YOUNG DESIGN LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

RAMAGE YOUNG DESIGN LTD

Company Information

for the Period Ended 31 October 2023




Registered office: 9000 Academy Park
51 Gower Street
Glasgow
GB-SCT
G51 1PR
Company Registration Number: SC462410 (Scotland)

RAMAGE YOUNG DESIGN LTD

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 13,184 10,422
Total fixed assets: 13,184 10,422
Current assets
Stocks: 102,596 131,584
Debtors: 827,198 769,973
Cash at bank and in hand: 80,150 87,501
Total current assets: 1,009,944 989,058
Creditors: amounts falling due within one year: ( 481,891 ) ( 480,802 )
Net current assets (liabilities): 528,053 508,256
Total assets less current liabilities: 541,237 518,678
Total net assets (liabilities): 541,237 518,678

The notes form part of these financial statements

RAMAGE YOUNG DESIGN LTD

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 541,137 518,578
Shareholders funds: 541,237 518,678

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their 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 this accounting period 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.

This report was approved by the board of directors on 30 August 2024
And Signed On Behalf Of The Board By:

Name: John Ramage
Status: Director

The notes form part of these financial statements

RAMAGE YOUNG DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The Turnover included within the Profit and Loss Account represents amounts invoiced during the period, exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the asset, less its estimated residual value over the useful economic life of the asset as follows:-
    Office Equipment: 50% Straight Line
    Computer Equipment: 50% Straight Line

RAMAGE YOUNG DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 24 24

RAMAGE YOUNG DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

RAMAGE YOUNG DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible Assets

Total
Cost £
At 01 November 2022 77,875
Additions 20,381
Disposals (8,308)
Revaluations -
Transfers -
At 31 October 2023 89,948
Depreciation
At 01 November 2022 67,453
Charge for year 17,619
On disposals (8,308)
Other adjustments -
At 31 October 2023 76,764
Net book value
At 31 October 2023 13,184
At 31 October 2022 10,422