IRIS Accounts Production v24.3.2.46 05766768 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model 21888 7027 7027 21888 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057667682023-04-30057667682024-04-30057667682023-05-012024-04-30057667682022-04-30057667682022-05-012023-04-30057667682023-04-3005766768ns15:EnglandWales2023-05-012024-04-3005766768ns14:PoundSterling2023-05-012024-04-3005766768ns10:Director12023-05-012024-04-3005766768ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005766768ns10:SmallEntities2023-05-012024-04-3005766768ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005766768ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005766768ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005766768ns10:FullAccounts2023-05-012024-04-300576676842ns10:Director22022-04-300576676842ns10:Director22023-05-012024-04-300576676842ns10:Director22022-05-012023-04-3005766768ns10:Director22023-05-012024-04-3005766768ns10:RegisteredOffice2023-05-012024-04-3005766768ns5:CurrentFinancialInstruments2024-04-3005766768ns5:CurrentFinancialInstruments2023-04-3005766768ns5:ShareCapital2024-04-3005766768ns5:ShareCapital2023-04-3005766768ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3005766768ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3005766768ns5:RetainedEarningsAccumulatedLosses2024-04-3005766768ns5:RetainedEarningsAccumulatedLosses2023-04-3005766768ns5:PlantMachinery2023-05-012024-04-3005766768ns5:FurnitureFittings2023-05-012024-04-3005766768ns5:MotorVehicles2023-05-012024-04-3005766768ns5:PlantMachinery2023-04-3005766768ns5:FurnitureFittings2023-04-3005766768ns5:MotorVehicles2023-04-3005766768ns5:PlantMachinery2024-04-3005766768ns5:FurnitureFittings2024-04-3005766768ns5:MotorVehicles2024-04-3005766768ns5:PlantMachinery2023-04-3005766768ns5:FurnitureFittings2023-04-3005766768ns5:MotorVehicles2023-04-3005766768ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3005766768ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3005766768ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-30057667681ns10:Director12023-04-30057667681ns10:Director12022-04-30057667681ns10:Director12023-05-012024-04-30057667681ns10:Director12022-05-012023-04-30057667681ns10:Director12024-04-30057667681ns10:Director12023-04-30
REGISTERED NUMBER: 05766768 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

DAVE RAYNER COMMERCIALS LIMITED

DAVE RAYNER COMMERCIALS LIMITED (REGISTERED NUMBER: 05766768)






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


DAVE RAYNER COMMERCIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D P Rayner
Mrs L Rayner





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 05766768 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

DAVE RAYNER COMMERCIALS LIMITED (REGISTERED NUMBER: 05766768)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,400 56,284
Investment property 5 2,010,000 1,994,533
2,098,400 2,050,817

CURRENT ASSETS
Stocks 2,536 2,415
Debtors 6 352,480 287,314
Cash at bank 264,272 101,157
619,288 390,886
CREDITORS
Amounts falling due within one year 7 271,745 168,983
NET CURRENT ASSETS 347,543 221,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,445,943

2,272,720

PROVISIONS FOR LIABILITIES 9,200 14,100
NET ASSETS 2,436,743 2,258,620

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 73,382 74,439
Retained earnings 2,362,361 2,183,181
SHAREHOLDERS' FUNDS 2,436,743 2,258,620

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 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.

DAVE RAYNER COMMERCIALS LIMITED (REGISTERED NUMBER: 05766768)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





D P Rayner - Director


DAVE RAYNER COMMERCIALS LIMITED (REGISTERED NUMBER: 05766768)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Dave Rayner Commercials 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 as modified by the revaluation of certain assets.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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.
Equipment and tools - 25% on reducing balance
Computer equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


DAVE RAYNER COMMERCIALS LIMITED (REGISTERED NUMBER: 05766768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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.

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 - 8 ) .

4. TANGIBLE FIXED ASSETS
Equipment Computer Motor
and tools equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2023 55,671 13,373 66,841 135,885
Additions 53,818 875 - 54,693
At 30 April 2024 109,489 14,248 66,841 190,578
DEPRECIATION
At 1 May 2023 49,645 11,840 18,116 79,601
Charge for year 9,819 577 12,181 22,577
At 30 April 2024 59,464 12,417 30,297 102,178
NET BOOK VALUE
At 30 April 2024 50,025 1,831 36,544 88,400
At 30 April 2023 6,026 1,533 48,725 56,284

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,994,533
Additions 14,398
Revaluations 1,069
At 30 April 2024 2,010,000
NET BOOK VALUE
At 30 April 2024 2,010,000
At 30 April 2023 1,994,533

DAVE RAYNER COMMERCIALS LIMITED (REGISTERED NUMBER: 05766768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. INVESTMENT PROPERTY - continued

The directors consider that the investment property should be held at fair value.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 2,010,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 169,964 158,057
Other debtors 182,516 129,257
352,480 287,314

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 45,417 35,839
Taxation and social security 161,826 99,626
Other creditors 64,502 33,518
271,745 168,983

8. RESERVES
Fair
value
reserve
£   
At 1 May 2023 74,439
Reclassification (1,057 )

At 30 April 2024 73,382

9. CAPITAL COMMITMENTS
30.4.24 30.4.23
£    £   
Contracted but not provided for in the
financial statements 31,952 -

DAVE RAYNER COMMERCIALS LIMITED (REGISTERED NUMBER: 05766768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
D P Rayner and Mrs L Rayner
Balance outstanding at start of year - 21,888
Amounts advanced 7,027 -
Amounts repaid (7,027 ) (21,888 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -