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REGISTERED NUMBER: 07901796 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

RAS EXTRACTION LTD.

RAS EXTRACTION LTD. (REGISTERED NUMBER: 07901796)

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


RAS EXTRACTION LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr R A Stanton





SECRETARY: Mrs D Stanton





REGISTERED OFFICE: 33 Fieldgate Crescent
Birstall
Leicester
LE4 3JE





REGISTERED NUMBER: 07901796 (England and Wales)

RAS EXTRACTION LTD. (REGISTERED NUMBER: 07901796)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,342 4,613

CURRENT ASSETS
Stocks 5 39,000 24,750
Debtors 6 65,211 42,828
Cash at bank 1 1
104,212 67,579
CREDITORS
Amounts falling due within one year 7 89,194 47,217
NET CURRENT ASSETS 15,018 20,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,360

24,975

CREDITORS
Amounts falling due after more than one year 8 (9,000 ) (15,000 )

PROVISIONS FOR LIABILITIES 9 (1,086 ) (1,114 )
NET ASSETS 9,274 8,861

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10 9,273 8,860
9,274 8,861

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 director acknowledges his 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.

RAS EXTRACTION LTD. (REGISTERED NUMBER: 07901796)

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 director and authorised for issue on 22 October 2024 and were signed by:





Mr R A Stanton - Director


RAS EXTRACTION LTD. (REGISTERED NUMBER: 07901796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Ras Extraction Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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
Revenue comprises the fair value for the provision of services excluding value added taxes and represents net invoice value less estimated rebates and settlement discounts.

The company provides services to customers under standard terms and conditions. In all cases revenue is recognised upon completion and when the risks and rewards of ownership are transferred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 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.

RAS EXTRACTION LTD. (REGISTERED NUMBER: 07901796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 17,666 15,500 33,166
Additions 1,033 - 1,033
At 31 January 2024 18,699 15,500 34,199
DEPRECIATION
At 1 February 2023 15,129 13,424 28,553
Charge for year 785 519 1,304
At 31 January 2024 15,914 13,943 29,857
NET BOOK VALUE
At 31 January 2024 2,785 1,557 4,342
At 31 January 2023 2,537 2,076 4,613

5. STOCKS
2024 2023
£    £   
Stocks 39,000 24,750

RAS EXTRACTION LTD. (REGISTERED NUMBER: 07901796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,185 28,219
Other debtors 5,026 14,609
65,211 42,828

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,931 12,514
Trade creditors 35,020 1,174
Taxation and social security 23,127 26,684
Other creditors 10,116 6,845
89,194 47,217

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,000 15,000

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,086 1,114

Deferred
tax
£   
Balance at 1 February 2023 1,114
Provided during year (28 )
Balance at 31 January 2024 1,086

RAS EXTRACTION LTD. (REGISTERED NUMBER: 07901796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


10. RESERVES
Retained
earnings
£   

At 1 February 2023 8,860
Profit for the year 71,913
Dividends (71,500 )
At 31 January 2024 9,273

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr R A Stanton
Balance outstanding at start of year 14,023 (504 )
Amounts advanced 95,155 85,546
Amounts repaid (109,626 ) (71,019 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (448 ) 14,023