2023-05-01 08481070 2024-04-30 08481070 2023-05-01 2024-04-30 08481070 2023-04-30 08481070 2022-05-01 2023-04-30 08481070 uk-core:WithinOneYear 2023-04-30 08481070 uk-core:WithinOneYear 2024-04-30 08481070 uk-core:ShareCapital 2024-04-30 08481070 uk-core:ShareCapital 2023-04-30 08481070 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 08481070 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 08481070 uk-bus:Director1 2023-05-01 2024-04-30 08481070 uk-core:OfficeEquipment 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure 08481070 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08481070 uk-bus:FRS102 2023-05-01 2024-04-30 08481070 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 08481070 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Michael Ragg Architecture & Design Limited
Registered Number:08481070
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Michael Ragg Architecture & Design Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08481070
As at 30 April 2024
Michael Ragg Architecture & Design Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
3,768
2,925
2
3,768
2,925
Current assets
Inventories
455
-
3
Trade and other receivables
1,492
363
4
8,305
Cash and cash equivalents
9,072
9,435
10,252
Trade and other payables: amounts falling due within one
year
(3,054)
(3,726)
5
7,198
5,709
Net current assets
Total assets less current liabilities
9,477
10,123
9,477
Net assets
10,123
Capital and reserves
Called up share capital
100
100
Retained earnings
9,377
10,023
9,477
10,123
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr M. Ragg Director
These financial statements were approved and authorised for issue by the Board on 01 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Michael Ragg Architecture & Design Limited
Notes to the Financial Statements
Statutory Information
Michael Ragg Architecture & Design Limited is a private limited company, limited by shares, domiciled in
England and Wales, registration number 08481070.
Registered address:
45 Lindley Street
York
YO24 4JG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Office Equipment
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.
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5
For the year ended 30 April 2024
Michael Ragg Architecture & Design Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Office
Equipment
£
Cost or
valuation
At 01 May 2023
7,453
1,785
Additions
At 30 April 2024
9,238
Provision for depreciation and impairment
At 01 May 2023
4,528
Charge for year
942
At 30 April 2024
5,470
At 30 April 2024
Net book value
3,768
At 30 April 2023
2,925
3. Inventories
2023
2024
£
£
Stocks
-
455
4. Trade and other receivables
2023
2024
£
£
Trade debtors
-
1,129
Other debtors
363
363
1,492
363
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
2,231
2,118
Other creditors
1,495
936
3,726
3,054
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6
For the year ended 30 April 2024
Michael Ragg Architecture & Design Limited
Notes to the Financial Statements Continued
6. Related party transactions
The director is also a shareholder of the company. Dividends paid to Mr M. Ragg, as director and shareholder
of the company, during the year (with the previous year shown in brackets) were £11,000 (£10,000)
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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