Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03933803 Professor Rosemary Raffety Mr Nigel Raffety Mr Nigel Raffety iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03933803 2023-07-31 03933803 2024-07-31 03933803 2023-08-01 2024-07-31 03933803 frs-core:CurrentFinancialInstruments 2024-07-31 03933803 frs-core:ComputerEquipment 2023-08-01 2024-07-31 03933803 frs-core:FurnitureFittings 2023-08-01 2024-07-31 03933803 frs-core:LandBuildings 2024-07-31 03933803 frs-core:LandBuildings 2023-08-01 2024-07-31 03933803 frs-core:LandBuildings 2023-07-31 03933803 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 03933803 frs-core:PlantMachinery 2024-07-31 03933803 frs-core:PlantMachinery 2023-08-01 2024-07-31 03933803 frs-core:PlantMachinery 2023-07-31 03933803 frs-core:ShareCapital 2024-07-31 03933803 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03933803 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03933803 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03933803 frs-bus:SmallEntities 2023-08-01 2024-07-31 03933803 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03933803 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03933803 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 03933803 frs-bus:OrdinaryShareClass1 2024-07-31 03933803 frs-bus:Director1 2023-08-01 2024-07-31 03933803 frs-bus:Director2 2023-08-01 2024-07-31 03933803 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 03933803 frs-countries:EnglandWales 2023-08-01 2024-07-31 03933803 2022-07-31 03933803 2023-07-31 03933803 2022-08-01 2023-07-31 03933803 frs-core:CurrentFinancialInstruments 2023-07-31 03933803 frs-core:ShareCapital 2023-07-31 03933803 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 03933803 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31
Registered number: 03933803
Raffety Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03933803
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 924 1,093
924 1,093
CURRENT ASSETS
Stocks 5 386,536 429,998
Debtors 6 347 -
Cash at bank and in hand 11,675 497
398,558 430,495
Creditors: Amounts Falling Due Within One Year 7 (462,466 ) (467,597 )
NET CURRENT ASSETS (LIABILITIES) (63,908 ) (37,102 )
TOTAL ASSETS LESS CURRENT LIABILITIES (62,984 ) (36,009 )
NET LIABILITIES (62,984 ) (36,009 )
CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Profit and Loss Account (72,984 ) (46,009 )
SHAREHOLDERS' FUNDS (62,984) (36,009)
Page 1
Page 2
For the year ending 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nigel Raffety
Director
19/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Raffety Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03933803 . The registered office is Unit 2, 2 Thayers Farm Road, Beckenham, Kent, BR3 4LZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 15% on cost
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
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.

Taxation assets and liabilities are not discounted.

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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 August 2023 25,087 27,032 52,119
As at 31 July 2024 25,087 27,032 52,119
Depreciation
As at 1 August 2023 25,087 25,939 51,026
Provided during the period - 169 169
As at 31 July 2024 25,087 26,108 51,195
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2024 - 924 924
As at 1 August 2023 - 1,093 1,093
5. Stocks
2024 2023
£ £
Finished goods 386,536 429,998
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 347 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9 (52 )
Other creditors 462,457 467,363
Taxation and social security - 286
462,466 467,597
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10,000 Ordinary Shares of £ 1.00 each 10,000 10,000
Page 4