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REGISTERED NUMBER: 01156037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

RASTRUM LIMITED

RASTRUM LIMITED (REGISTERED NUMBER: 01156037)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RASTRUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R W H Benge
R J Chapman





REGISTERED OFFICE: Rye Wharf
Harbour Road
Rye
East Sussex
TN31 7TE





REGISTERED NUMBER: 01156037 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
South Stour Road
Mersham
Ashford
Kent
TN25 7HS

RASTRUM LIMITED (REGISTERED NUMBER: 01156037)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,611,122 7,400,956

CURRENT ASSETS
Stocks 8,430 13,348
Debtors 5 323,216 284,551
Cash at bank and in hand 553,199 344,811
884,845 642,710
CREDITORS
Amounts falling due within one year 6 866,935 555,073
NET CURRENT ASSETS 17,910 87,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,629,032

7,488,593

CREDITORS
Amounts falling due after more than one year 7 (464,240 ) (641,032 )

PROVISIONS FOR LIABILITIES 9 (299,247 ) (257,794 )
NET ASSETS 6,865,545 6,589,767

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,865,543 6,589,765
6,865,545 6,589,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RASTRUM LIMITED (REGISTERED NUMBER: 01156037)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





R W H Benge - Director


RASTRUM LIMITED (REGISTERED NUMBER: 01156037)

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


1. STATUTORY INFORMATION

Rastrum Limited 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on cost and 15% on reducing balance

No depreciation charge has been made on freehold buildings on the grounds that it would be immaterial because the estimated residual value of the freehold buildings is not materially different from the carrying amount of the asset. Any permanent diminution in the value of such freehold buildings is charged to the profit and loss account as appropriate.

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.


RASTRUM LIMITED (REGISTERED NUMBER: 01156037)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

RASTRUM LIMITED (REGISTERED NUMBER: 01156037)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 6,018,895 2,260,332 8,279,227
Additions 373,691 87,853 461,544
Disposals - (52,973 ) (52,973 )
At 31 March 2024 6,392,586 2,295,212 8,687,798
DEPRECIATION
At 1 April 2023 - 878,271 878,271
Charge for year - 219,104 219,104
Eliminated on disposal - (20,699 ) (20,699 )
At 31 March 2024 - 1,076,676 1,076,676
NET BOOK VALUE
At 31 March 2024 6,392,586 1,218,536 7,611,122
At 31 March 2023 6,018,895 1,382,061 7,400,956

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 1,410,096
Disposals (52,973 )
At 31 March 2024 1,357,123
DEPRECIATION
At 1 April 2023 374,802
Charge for year 153,681
Eliminated on disposal (20,699 )
At 31 March 2024 507,784
NET BOOK VALUE
At 31 March 2024 849,339
At 31 March 2023 1,035,294

RASTRUM LIMITED (REGISTERED NUMBER: 01156037)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 251,689 247,194
Other debtors 71,527 37,357
323,216 284,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,482 1,726
Hire purchase contracts 174,346 176,712
Trade creditors 350,017 117,409
Taxation and social security 191,505 116,461
Other creditors 149,585 142,765
866,935 555,073

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 464,240 641,032

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 25,491

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 638,586 817,744

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 299,247 257,794

RASTRUM LIMITED (REGISTERED NUMBER: 01156037)

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


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 257,794
Provided during year 41,453
Balance at 31 March 2024 299,247