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Registered Number: 07207017
England and Wales

 

 

 

RAY COCHRANE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 1,737    1,797 
Tangible fixed assets 4 157,948    77,868 
159,685    79,665 
Current assets      
Stocks   90 
Debtors 507,820    602,838 
Cash at bank and in hand 103,999    92,196 
611,819    695,124 
Creditors: amount falling due within one year (147,042)   (177,496)
Net current assets 464,777    517,628 
 
Total assets less current liabilities 624,462    597,293 
Net assets 624,462    597,293 
 

Capital and reserves
     
Called up share capital 5 1,000    1,000 
Profit and loss account 623,462    596,293 
Shareholders' funds 624,462    597,293 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 27 December 2024 and were signed by:


-------------------------------
Xubin Yuan
Director
1
General Information
Ray Cochrane LimitedRay Cochrane Limited is a private company, limited by shares, registered in England and Wales, registration number 07207017, registration address 75 Baker Street, London, W1U 6TT.

Previous name of the Company is RAY COCHRANE BEAUTY SCHOOL LIMITED. 

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Fixtures and Fittings 20% Straight Line
Computer Equipment 33.33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 8 (2023 : 7).
3.

Intangible fixed assets

Cost Goodwill   Other   Total
  £   £   £
At 01 April 2023 6,500    6,902    13,402 
Additions    
Disposals    
At 31 March 2024 6,500    6,902    13,402 
Amortisation
At 01 April 2023 4,330    7,275    11,605 
Charge for year 433    (373)   60 
On disposals    
At 31 March 2024 4,763    6,902    11,665 
Net book values
At 31 March 2024 1,737      1,737 
At 31 March 2023 2,170    (373)   1,797 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2023 161,124      23,911    18,668    203,703 
Additions 16,007    49,999    55,028    4,531    125,565 
Disposals     (6,591)     (6,591)
At 31 March 2024 177,131    49,999    72,348    23,199    322,677 
Depreciation
At 01 April 2023 96,141      16,221    13,473    125,835 
Charge for year 18,285    8,335    8,252    4,205    39,077 
On disposals     (183)     (183)
At 31 March 2024 114,426    8,335    24,290    17,678    164,729 
Net book values
Closing balance as at 31 March 2024 62,705    41,664    48,058    5,521    157,948 
Opening balance as at 01 April 2023 64,983      7,690    5,195    77,868 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

2