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REGISTERED NUMBER: 08986391 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Raf Trading Limited

Raf Trading Limited (Registered number: 08986391)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Raf Trading Limited

Company Information
for the year ended 30 April 2024







DIRECTOR: R Frean





REGISTERED OFFICE: Old Gun Court
North Street
Dorking
Surrey
RH4 1DE





REGISTERED NUMBER: 08986391 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE

Raf Trading Limited (Registered number: 08986391)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,750 10,505

CURRENT ASSETS
Stocks 77,511 86,671
Debtors 5 58,750 40,978
Cash at bank and in hand 83,332 61,361
219,593 189,010
CREDITORS
Amounts falling due within one year 6 96,759 82,779
NET CURRENT ASSETS 122,834 106,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,584

116,736

CREDITORS
Amounts falling due after more than one
year

7

(30,833

)

(60,833

)

PROVISIONS FOR LIABILITIES (2,188 ) (1,996 )
NET ASSETS 98,563 53,907

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 98,463 53,807
SHAREHOLDERS' FUNDS 98,563 53,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Raf Trading Limited (Registered number: 08986391)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2024 and were signed by:





R Frean - Director


Raf Trading Limited (Registered number: 08986391)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Raf Trading 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.

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.

The financial statements have been prepared on a going concern basis on the understanding that the Director has agreed to provide such financial support as may be required, in order that the company meets its financial obligations as they fall due in the foreseeable future.

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 etc - 25% on cost

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 Statement of Income and Retained Earnings, 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.

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.

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 7 (2023 - 5 ) .

Raf Trading Limited (Registered number: 08986391)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 93,257
Additions 4,686
At 30 April 2024 97,943
DEPRECIATION
At 1 May 2023 82,752
Charge for year 6,441
At 30 April 2024 89,193
NET BOOK VALUE
At 30 April 2024 8,750
At 30 April 2023 10,505

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 55,265 38,078
Other debtors 3,485 2,900
58,750 40,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 21,754 27,404
Tax 13,713 3,053
Social security and other taxes 1,438 4,201
Pensions creditor 334 326
VAT 20,371 9,221
Other creditors 1,972 6,974
Directors' current accounts 25,177 20,100
Accrued expenses 2,000 1,500
96,759 82,779

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Director's long term loan 20,000 40,000
Other loans - 2-5 years 10,833 20,833
30,833 60,833

Raf Trading Limited (Registered number: 08986391)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 12,100 -

9. OTHER FINANCIAL COMMITMENTS

The company has lease commitments at 30 April 2023 totalling £12,600.