Company registration number 02567811 (England and Wales)
A RAYMOND LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
A RAYMOND LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
A RAYMOND LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
7,333
22,898
Current assets
Debtors
5
264,159
205,694
Cash at bank and in hand
304,809
640,256
568,968
845,950
Creditors: amounts falling due within one year
6
(83,714)
(222,944)
Net current assets
485,254
623,006
Net assets
492,587
645,904
Capital and reserves
Called up share capital
130,000
130,000
Profit and loss reserves
362,587
515,904
Total equity
492,587
645,904
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 19 September 2024 and are signed on its behalf by:
Mr A R A Raymond
Mr S A Fell
Director
Director
Company registration number 02567811 (England and Wales)
A RAYMOND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
A Raymond Limited is a private company limited by shares incorporated in England and Wales. The registered office and principal place of business is 1st Floor, Amethyst House, Fletchers Way, Wellesbourne, Warwick, CV35 9HD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements are prepared on the going concern basis. The directors are confident that the company's available cash resources are sufficient to cover any short term losses arising from reorganisation costs and it has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the accounts.
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
Turnover from consultancy services is recognised on completion of the service and turnover from recharged expenses is recognised in the period in which the costs are incurred.
1.4
Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation.
Depreciation is recognised so as to write off the cost of assets over their useful lives on the following bases:
Fixtures, fittings & equipment
25% Reducing balance
Motor vehicles
25% or 33% Reducing balance
1.5
Financial instruments
The company has elected to apply the recognition and measurement provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include loans to fellow group companies, debtors and cash and bank balances, are measured at transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are recognised at transaction price.
A RAYMOND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable or receivable and deferred tax.
Current tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Rentals payable under operating leases are charged to profit or loss on a straight line basis over the term of the lease.
1.9
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
1.10
The pricing of transactions between group companies, being principally consultancy services provided, is determined on the basis of market conditions.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
10
9
A RAYMOND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
108,461
Additions
7,912
Disposals
(85,750)
At 31 December 2023
30,623
Depreciation and impairment
At 1 January 2023
85,563
Depreciation charged in the year
2,132
Eliminated in respect of disposals
(64,405)
At 31 December 2023
23,290
Carrying amount
At 31 December 2023
7,333
At 31 December 2022
22,898
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
35,594
58,407
Amounts owed by group undertakings
86,791
85,173
Other debtors
47,988
23,073
170,373
166,653
Deferred tax asset
10,386
39,041
180,759
205,694
2023
2022
Amounts falling due after more than one year:
£
£
Other debtors
8,400
Deferred tax asset
75,000
83,400
Total debtors
264,159
205,694
A RAYMOND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,434
16,602
Amounts owed to group undertakings
14,708
6,822
Taxation and social security
17,854
19,124
Other creditors
46,718
180,396
83,714
222,944
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Andrew Perkins FCA FCCA
Statutory Auditor:
Dendy Neville Limited
Date of audit report:
20 September 2024
8
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2023
2022
£
£
146,780
62,537
The above operating lease commitments include £146,188 (2022 - £60,562) payable to July 2028 in relation to leasehold properties occupied by the company.
9
Parent company
The smallest group in which the results of the company are consolidated is that of which A Raymond et Cie SCS is the parent company. The consolidated financial statements of A Raymond et Cie SCS can be obtained from The Secretary, A Raymond et Cie SCS, 113 cours Berriat, BP 157, 38019 Grenoble, France.