Acorah Software Products - Accounts Production 15.0.600 false true false 5 October 2022 31 March 2024 31 March 2024 14398671 Mrs Sumaiyya Atcha Mr Faizal Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14398671 2022-10-04 14398671 2024-03-31 14398671 2022-10-05 2024-03-31 14398671 frs-core:CurrentFinancialInstruments 2024-03-31 14398671 frs-core:FurnitureFittings 2024-03-31 14398671 frs-core:FurnitureFittings 2022-10-05 2024-03-31 14398671 frs-core:FurnitureFittings 2022-10-04 14398671 frs-core:PlantMachinery 2024-03-31 14398671 frs-core:PlantMachinery 2022-10-05 2024-03-31 14398671 frs-core:PlantMachinery 2022-10-04 14398671 frs-core:ShareCapital 2024-03-31 14398671 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14398671 frs-bus:PrivateLimitedCompanyLtd 2022-10-05 2024-03-31 14398671 frs-bus:FilletedAccounts 2022-10-05 2024-03-31 14398671 frs-bus:SmallEntities 2022-10-05 2024-03-31 14398671 frs-bus:AuditExempt-NoAccountantsReport 2022-10-05 2024-03-31 14398671 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-05 2024-03-31 14398671 frs-bus:Director1 2022-10-05 2024-03-31 14398671 frs-bus:Director2 2022-10-05 2024-03-31 14398671 frs-countries:EnglandWales 2022-10-05 2024-03-31
Registered number: 14398671
Rayalay Ltd
Unaudited Financial Statements
For the Period 5 October 2022 to 31 March 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14398671
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 6,448
6,448
CURRENT ASSETS
Stocks 5 74,678
Debtors 6 183,807
Cash at bank and in hand 102,659
361,144
Creditors: Amounts Falling Due Within One Year 7 (276,791 )
NET CURRENT ASSETS (LIABILITIES) 84,353
TOTAL ASSETS LESS CURRENT LIABILITIES 90,801
NET ASSETS 90,801
CAPITAL AND RESERVES
Called up share capital 100
Profit and Loss Account 90,701
SHAREHOLDERS' FUNDS 90,801
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Faizal Patel
Director
25th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rayalay Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14398671 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 9
9
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 5 October 2022 - - -
Additions 2,826 4,037 6,863
As at 31 March 2024 2,826 4,037 6,863
Depreciation
As at 5 October 2022 - - -
Provided during the period 92 323 415
As at 31 March 2024 92 323 415
Net Book Value
As at 31 March 2024 2,734 3,714 6,448
As at 5 October 2022 - - -
5. Stocks
31 March 2024
£
Finished goods 74,678
6. Debtors
31 March 2024
£
Due within one year
Trade debtors 157,587
Other debtors 26,220
183,807
7. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 215,455
Other creditors 3,281
Taxation and social security 58,055
276,791
Page 4