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REGISTERED NUMBER: 08465980 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

RUN RAGGETT LTD

RUN RAGGETT LTD (REGISTERED NUMBER: 08465980)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RUN RAGGETT LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: P Raggett
Mrs J E Raggett





REGISTERED OFFICE: Nethersole
Back Lane
Farnham
England
GU10 4LW





REGISTERED NUMBER: 08465980 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

RUN RAGGETT LTD (REGISTERED NUMBER: 08465980)

STATEMENT OF FINANCIAL POSITION
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 8,782 10,147

CURRENT ASSETS
Debtors 4 1,174 556
Cash at bank and in hand 4,238 3,129
5,412 3,685
CREDITORS
Amounts falling due within one year 5 11,293 10,691
NET CURRENT LIABILITIES (5,881 ) (7,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,901

3,141

CREDITORS
Amounts falling due after more than one
year

6

-

(498

)

PROVISIONS FOR LIABILITIES (2,195 ) (1,648 )
NET ASSETS 706 995

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 606 895
SHAREHOLDERS' FUNDS 706 995

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.

RUN RAGGETT LTD (REGISTERED NUMBER: 08465980)

STATEMENT OF FINANCIAL POSITION - 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 28 November 2024 and were signed on its behalf by:





P Raggett - Director


RUN RAGGETT LTD (REGISTERED NUMBER: 08465980)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

RUN RAGGETT LTD (REGISTERED NUMBER: 08465980)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 17,103 25,796 3,427 46,326
Additions - - 1,296 1,296
At 31 March 2024 17,103 25,796 4,723 47,622
DEPRECIATION
At 1 April 2023 13,084 19,675 3,420 36,179
Charge for year 803 1,530 328 2,661
At 31 March 2024 13,887 21,205 3,748 38,840
NET BOOK VALUE
At 31 March 2024 3,216 4,591 975 8,782
At 31 March 2023 4,019 6,121 7 10,147

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 723 35
Other debtors 451 521
1,174 556

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 5,296 5,090
Other creditors 5,997 5,601
11,293 10,691

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 498

7. ULTIMATE CONTROLLING PARTY

Mr & Mrs Raggett are the ultimate controlling party by virtue of their shareholding.