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REGISTERED NUMBER: 04098881 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 January 2024

for

Raybloc (X-ray Protection) Limited

Raybloc (X-ray Protection) Limited (Registered number: 04098881)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Raybloc (X-ray Protection) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: L J Haydon
C W Haydon
S J Haydon





REGISTERED OFFICE: 32 Bilston Lane
Willenhall
West Midlands
WV13 2QD





REGISTERED NUMBER: 04098881 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,921,536 648,982
1,921,536 648,982

CURRENT ASSETS
Stocks 157,260 159,362
Debtors 6 1,140,110 924,810
Cash at bank and in hand 226,207 318,717
1,523,577 1,402,889
CREDITORS
Amounts falling due within one year 7 988,484 838,950
NET CURRENT ASSETS 535,093 563,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,456,629

1,212,921

CREDITORS
Amounts falling due after more than one
year

8

(1,017,072

)

(87,092

)

PROVISIONS FOR LIABILITIES (175,500 ) (48,845 )
NET ASSETS 1,264,057 1,076,984

CAPITAL AND RESERVES
Called up share capital 50 50
Revaluation reserve 9 31,313 31,313
Capital redemption reserve 9 50 50
Retained earnings 9 1,232,644 1,045,571
1,264,057 1,076,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





C W Haydon - Director


Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Raybloc (X-ray Protection) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 5,310
AMORTISATION
At 1 February 2023
and 31 January 2024 5,310
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 555,912 275,383 60,952
Additions 1,225,355 153,360 43,073
Disposals - (179,004 ) (60,062 )
At 31 January 2024 1,781,267 249,739 43,963
DEPRECIATION
At 1 February 2023 23,088 216,525 50,016
Charge for year 33,607 47,128 8,705
Eliminated on disposal - (155,286 ) (49,566 )
At 31 January 2024 56,695 108,367 9,155
NET BOOK VALUE
At 31 January 2024 1,724,572 141,372 34,808
At 31 January 2023 532,824 58,858 10,936

Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 3,935 80,364 976,546
Additions - 28,152 1,449,940
Disposals (3,935 ) (79,392 ) (322,393 )
At 31 January 2024 - 29,124 2,104,093
DEPRECIATION
At 1 February 2023 3,639 34,296 327,564
Charge for year - 6,895 96,335
Eliminated on disposal (3,639 ) (32,851 ) (241,342 )
At 31 January 2024 - 8,340 182,557
NET BOOK VALUE
At 31 January 2024 - 20,784 1,921,536
At 31 January 2023 296 46,068 648,982

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 827,400 722,803
Other debtors 312,710 202,007
1,140,110 924,810

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 74,693 22,054
Hire purchase contracts 55,903 8,700
Trade creditors 690,544 562,266
Amounts owed to group undertakings 34,435 5,000
Taxation and social security 60,085 181,330
Other creditors 72,824 59,600
988,484 838,950

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 814,699 87,092
Hire purchase contracts 202,373 -
1,017,072 87,092

Raybloc (X-ray Protection) Limited (Registered number: 04098881)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 February 2023 1,045,571 31,313 50 1,076,934
Profit for the year 528,362 528,362
Dividends (341,289 ) (341,289 )
At 31 January 2024 1,232,644 31,313 50 1,264,007