Company Registration No. 12910505 (England and Wales)
RAEGAN LIMITED
Unaudited accounts
for the year ended 30 September 2024
RAEGAN LIMITED
Unaudited accounts
Contents
RAEGAN LIMITED
Company Information
for the year ended 30 September 2024
Directors
Mr Raymond Purvis
Mr Robert Arthur Nix
Mrs Linda Nix
Mr Raegan Purvis
Company Number
12910505 (England and Wales)
Registered Office
48 Ringrose Close
Newark
Nottinghamshire
NG24 2JL
England
Accountants
Peter Harvey T/A Saviour Accounting
5 Spring Drive
Fernwood, Newark
Nottinghamshire
NG24 3JS
RAEGAN LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
44,953
53,936
Cash at bank and in hand
602
1,467
Creditors: amounts falling due within one year
(2,399)
(3,024)
Net current liabilities
(1,797)
(1,557)
Total assets less current liabilities
43,156
52,379
Creditors: amounts falling due after more than one year
(98,517)
(98,517)
Net liabilities
(55,361)
(46,138)
Called up share capital
100
100
Profit and loss account
(55,461)
(46,238)
Shareholders' funds
(55,361)
(46,138)
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by
Mr Raymond Purvis
Director
Company Registration No. 12910505
RAEGAN LIMITED
Notes to the Accounts
for the year ended 30 September 2024
RAEGAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12910505. The registered office is 48 Ringrose Close, , Newark, Nottinghamshire, NG24 2JL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% Straight Line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
RAEGAN LIMITED
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Motor vehicles
At 30 September 2024
76,895
At 30 September 2024
31,942
At 30 September 2024
44,953
At 30 September 2023
53,936
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
2,399
2,399
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
98,517
98,517
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).