Registered Number:09757591 |
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
Ralakde Ltd
Statement of Financial Position
2023
2024
16,629
19,071
2
Property, plant and equipment |
400,701
402,712
3
417,330
421,783
190,000
180,000
4
Trade and other receivables |
60,769
63,128
5
38,691
Cash and cash equivalents |
343
243,471
289,460
Trade and other payables: amounts falling due within one year |
(243,736)
(202,567)
6
45,724
40,904
Net current assets
Total assets less current liabilities |
458,234
467,507
Trade and other payables: amounts falling due after more than |
one year |
(281,298)
(259,285)
7
(11,526)
(11,377)
Provisions for liabilities |
187,423
Net assets
174,832
1
1
187,422
174,831
187,423
174,832
Shareholders' funds
For the year ended 31 July 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 31 July 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. |
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For the year ended 31 July 2024
Ralakde Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 18 October 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 July 2024
Ralakde Ltd
Notes to the Financial Statements
Statutory Information
Ralakde Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 09757591. |
Unit 56 Winpenny Road
Parkhouse Ind. Estate
Newcastle under Lyme
Staffordshire
ST5 7RH
The presentation currency is £ sterling. |
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. |
Intangible assets
Other Intangible Assets The company has acquired trademarks and applications that will be written off over 10 years. The company has invested in software development for internal use that has been capitalised and written off over is useful economic life. |
Property, plant and equipment
Tangible fixed assets, 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: |
Land and buildings
Plant and machinery
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 July 2024
Ralakde Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
24,416
24,416
5,345
2,442
Charge for year
7,787
16,629
19,071
3. Property, plant and equipment |
441,211
16,592
57,414
10,000
357,205
12,500
-
12,500
-
-
10,000
69,914
16,592
453,711
357,205
Provision for depreciation and impairment |
38,499
12,910
23,089
2,500
-
Charge for year
14,511
927
11,708
1,876
-
53,010
13,837
34,797
4,376
-
357,205
5,624
35,117
2,755
400,701
357,205
7,500
34,325
3,682
402,712
2023
2024
180,000
190,000
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For the year ended 31 July 2024
Ralakde Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
55,273
46,393
7,855
14,376
60,769
63,128
6. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
11,513
11,513
55,806
16,750
-
96,000
Taxation and social security |
21,852
39,507
113,396
79,966
202,567
243,736
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
55,896
66,396
Bank loans and overdraft (secured) |
203,389
214,902
259,285
281,298
8. Related party transactions |
Included within other creditors is the directors loan account balance of £49,567 (2023 - £32,056). This loan is interest free |
and has no fixed date of repayment. |
9. Average number of persons employed |
During the year the average number of employees was 7 (2023 : 4)
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