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Registration number: 07489934

Rampion Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Rampion Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 10

 

Rampion Limited

Company Information

Director

Mr Karan Kumar

Registered office

Denton Island
Newhaven
East Sussex
BN9 9BB

Accountants

Shoreline Accountants Ltd
25 Clinton Place
Seaford
East Sussex
BN25 1NP

 

Rampion Limited

(Registration number: 07489934)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

112,810

124,833

Tangible assets

5

7,741

13,379

 

120,551

138,212

Current assets

 

Debtors

6

114,469

111,524

Cash at bank and in hand

 

69,121

32,207

 

183,590

143,731

Creditors: Amounts falling due within one year

7

(178,625)

(187,264)

Net current assets/(liabilities)

 

4,965

(43,533)

Net assets

 

125,516

94,679

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

125,514

94,677

Shareholders' funds

 

125,516

94,679

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024
 

.........................................
Mr Karan Kumar
Director

 

Rampion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
Denton Island
Newhaven
East Sussex
BN9 9BB

The principal place of business is:
Denton Island
Newhaven
East Sussex
BN9 9BB

These financial statements were authorised for issue by the director on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Rampion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery etc

25% on a reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over useful life

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Rampion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 54 (2023 - 65).

 

Rampion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2023

250,448

250,448

At 31 January 2024

250,448

250,448

Amortisation

At 1 February 2023

125,615

125,615

Amortisation charge

12,023

12,023

At 31 January 2024

137,638

137,638

Carrying amount

At 31 January 2024

112,810

112,810

At 31 January 2023

124,833

124,833

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 February 2023

6,173

21,246

3,452

21,845

Additions

-

-

179

-

Disposals

-

-

-

(21,845)

At 31 January 2024

6,173

21,246

3,631

-

Depreciation

At 1 February 2023

2,592

17,561

914

18,900

Charge for the year

815

838

589

-

Eliminated on disposal

-

-

-

(18,900)

At 31 January 2024

3,407

18,399

1,503

-

Carrying amount

At 31 January 2024

2,766

2,847

2,128

-

At 31 January 2023

3,581

3,685

2,538

3,575

 

Rampion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Total
£

Cost or valuation

At 1 February 2023

52,716

Additions

179

Disposals

(21,845)

At 31 January 2024

31,050

Depreciation

At 1 February 2023

39,967

Charge for the year

2,242

Eliminated on disposal

(18,900)

At 31 January 2024

23,309

Carrying amount

At 31 January 2024

7,741

At 31 January 2023

13,379

 

Rampion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

43,563

67,329

Prepayments

7,612

1,675

Other debtors

63,294

42,520

 

114,469

111,524

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

137,626

145,476

Taxation and social security

41,031

41,762

Other creditors

(32)

26

178,625

187,264

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

9

Loans and borrowings

10

Dividends

2024

2023

£

£

Interim dividend of £43,618.50 (2023 - £121,289.00) per ordinary share

87,237

242,579

 

 

11

Related party transactions

 

Rampion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Transactions with the director

2024

At 1 February 2023
£

At 31 January 2024
£

2023

At 1 February 2022
£

Repayments by director
£

At 31 January 2023
£

Mr Gary Peter Johnson

27,350

(27,350)

-

Mrs Michelle Johnson

27,350

(27,350)

-

 

Rampion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

15,912

15,912