2023-01-012023-12-312023-12-31false09989671RAISING ROBOTS LTD2024-09-2547990iso4217:GBPxbrli:pure099896712023-01-01099896712023-12-31099896712023-01-012023-12-31099896712022-01-01099896712022-12-31099896712022-01-012022-12-3109989671bus:SmallEntities2023-01-012023-12-3109989671bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3109989671bus:FullAccounts2023-01-012023-12-3109989671bus:PrivateLimitedCompanyLtd2023-01-012023-12-3109989671core:WithinOneYear2023-12-3109989671core:AfterOneYear2023-12-3109989671core:WithinOneYear2022-12-3109989671core:AfterOneYear2022-12-3109989671core:ShareCapital2023-12-3109989671core:SharePremium2023-12-3109989671core:RevaluationReserve2023-12-3109989671core:OtherReservesSubtotal2023-12-3109989671core:RetainedEarningsAccumulatedLosses2023-12-3109989671core:ShareCapital2022-12-3109989671core:SharePremium2022-12-3109989671core:RevaluationReserve2022-12-3109989671core:OtherReservesSubtotal2022-12-3109989671core:RetainedEarningsAccumulatedLosses2022-12-3109989671core:LandBuildings2023-12-3109989671core:PlantMachinery2023-12-3109989671core:Vehicles2023-12-3109989671core:FurnitureFittings2023-12-3109989671core:OfficeEquipment2023-12-3109989671core:NetGoodwill2023-12-3109989671core:IntangibleAssetsOtherThanGoodwill2023-12-3109989671core:ListedExchangeTraded2023-12-3109989671core:UnlistedNon-exchangeTraded2023-12-3109989671core:LandBuildings2022-12-3109989671core:PlantMachinery2022-12-3109989671core:Vehicles2022-12-3109989671core:FurnitureFittings2022-12-3109989671core:OfficeEquipment2022-12-3109989671core:NetGoodwill2022-12-3109989671core:IntangibleAssetsOtherThanGoodwill2022-12-3109989671core:ListedExchangeTraded2022-12-3109989671core:UnlistedNon-exchangeTraded2022-12-3109989671core:LandBuildings2023-01-012023-12-3109989671core:PlantMachinery2023-01-012023-12-3109989671core:Vehicles2023-01-012023-12-3109989671core:FurnitureFittings2023-01-012023-12-3109989671core:OfficeEquipment2023-01-012023-12-3109989671core:NetGoodwill2023-01-012023-12-3109989671core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109989671core:ListedExchangeTraded2023-01-012023-12-3109989671core:UnlistedNon-exchangeTraded2023-01-012023-12-3109989671core:MoreThanFiveYears2023-01-012023-12-3109989671core:Non-currentFinancialInstruments2023-12-3109989671core:Non-currentFinancialInstruments2022-12-3109989671dpl:CostSales2023-01-012023-12-3109989671dpl:DistributionCosts2023-01-012023-12-3109989671core:LandBuildings2023-01-012023-12-3109989671core:PlantMachinery2023-01-012023-12-3109989671core:Vehicles2023-01-012023-12-3109989671core:FurnitureFittings2023-01-012023-12-3109989671core:OfficeEquipment2023-01-012023-12-3109989671dpl:AdministrativeExpenses2023-01-012023-12-3109989671core:NetGoodwill2023-01-012023-12-3109989671core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109989671dpl:GroupUndertakings2023-01-012023-12-3109989671dpl:ParticipatingInterests2023-01-012023-12-3109989671dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3109989671core:ListedExchangeTraded2023-01-012023-12-3109989671dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3109989671core:UnlistedNon-exchangeTraded2023-01-012023-12-3109989671dpl:CostSales2022-01-012022-12-3109989671dpl:DistributionCosts2022-01-012022-12-3109989671core:LandBuildings2022-01-012022-12-3109989671core:PlantMachinery2022-01-012022-12-3109989671core:Vehicles2022-01-012022-12-3109989671core:FurnitureFittings2022-01-012022-12-3109989671core:OfficeEquipment2022-01-012022-12-3109989671dpl:AdministrativeExpenses2022-01-012022-12-3109989671core:NetGoodwill2022-01-012022-12-3109989671core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3109989671dpl:GroupUndertakings2022-01-012022-12-3109989671dpl:ParticipatingInterests2022-01-012022-12-3109989671dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3109989671core:ListedExchangeTraded2022-01-012022-12-3109989671dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3109989671core:UnlistedNon-exchangeTraded2022-01-012022-12-3109989671core:NetGoodwill2023-12-3109989671core:IntangibleAssetsOtherThanGoodwill2023-12-3109989671core:LandBuildings2023-12-3109989671core:PlantMachinery2023-12-3109989671core:Vehicles2023-12-3109989671core:FurnitureFittings2023-12-3109989671core:OfficeEquipment2023-12-3109989671core:AfterOneYear2023-12-3109989671core:WithinOneYear2023-12-3109989671core:ListedExchangeTraded2023-12-3109989671core:UnlistedNon-exchangeTraded2023-12-3109989671core:ShareCapital2023-12-3109989671core:SharePremium2023-12-3109989671core:RevaluationReserve2023-12-3109989671core:OtherReservesSubtotal2023-12-3109989671core:RetainedEarningsAccumulatedLosses2023-12-3109989671core:NetGoodwill2022-12-3109989671core:IntangibleAssetsOtherThanGoodwill2022-12-3109989671core:LandBuildings2022-12-3109989671core:PlantMachinery2022-12-3109989671core:Vehicles2022-12-3109989671core:FurnitureFittings2022-12-3109989671core:OfficeEquipment2022-12-3109989671core:AfterOneYear2022-12-3109989671core:WithinOneYear2022-12-3109989671core:ListedExc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RAISING ROBOTS LTD

Registered Number
09989671
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

RAISING ROBOTS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

John Laurence Pinkney
Sarah Pinkney

Registered Address

Argonaut Moreton Paddox
Moreton Morrell
Warwick
CV35 9BU

Registered Number

09989671 (England and Wales)
RAISING ROBOTS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3120,979125,704
120,979125,704
Current assets
Stocks4165,86187,639
Debtors5140,17451,692
Cash at bank and on hand450,355288,294
756,390427,625
Creditors amounts falling due within one year6(241,389)(46,830)
Net current assets (liabilities)515,001380,795
Total assets less current liabilities635,980506,499
Provisions for liabilities8(22,936)(23,834)
Net assets613,044482,665
Capital and reserves
Called up share capital22
Profit and loss account613,042482,663
Shareholders' funds613,044482,665
The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2024, and are signed on its behalf by:
John Laurence Pinkney
Director
Registered Company No. 09989671
RAISING ROBOTS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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 policy
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Vehicles25-
Office Equipment-25
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year23
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 January 231,166127,25114,232142,649
Additions--6,4706,470
Disposals--(1,020)(1,020)
At 31 December 231,166127,25119,682148,099
Depreciation and impairment
At 01 January 2317111,2755,49916,945
Charge for year1459,2591,79111,195
On disposals--(1,020)(1,020)
At 31 December 2331620,5346,27027,120
Net book value
At 31 December 23850106,71713,412120,979
At 31 December 22995115,9768,733125,704
4.Stocks

2023

2022

££
Payments on account, stocks165,86187,639
Total165,86187,639
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables134,90450,926
Other debtors5,270766
Total140,17451,692
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables26612,583
Taxation and social security61,84829,834
Other creditors24,9273,214
Accrued liabilities and deferred income154,3481,199
Total241,38946,830
7.Creditors: amounts due after one year
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)22,93623,834
Total22,93623,834