2023-05-052024-05-312024-05-31false14848312RAW INSPIRATION 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RAW INSPIRATION LTD

Registered Number
14848312
(England and Wales)

Unaudited Financial Statements for the Period ended
31 May 2024

RAW INSPIRATION LTD
Company Information
for the period from 5 May 2023 to 31 May 2024

Directors

Mr D J Wood
Mrs R A Wood

Registered Address

11 Minster Walk
Darlington
DL2 2AR

Registered Number

14848312 (England and Wales)
RAW INSPIRATION LTD
Statement of Financial Position
31 May 2024

Notes

2024

£

£

Fixed assets
Intangible assets3250
Tangible assets45,524
5,774
Current assets
Cash at bank and on hand13,390
13,390
Creditors amounts falling due within one year5(10,209)
Net current assets (liabilities)3,181
Total assets less current liabilities8,955
Net assets8,955
Capital and reserves
Called up share capital2
Profit and loss account8,953
Shareholders' funds8,955
The financial statements were approved and authorised for issue by the Board of Directors on 14 January 2025, and are signed on its behalf by:
Mr D J Wood
Director
Mrs R A Wood
Director

Registered Company No. 14848312
RAW INSPIRATION LTD
Notes to the Financial Statements
for the period ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings15-
Office Equipment-4
2.Average number of employees

2024
Average number of employees during the year2
3.Intangible assets

Total

£
Cost or valuation
Additions250
At 31 May 24250
Net book value
At 31 May 24250
At 04 May 23-
4.Tangible fixed assets

Total

£
Cost or valuation
Additions5,524
At 31 May 245,524
Net book value
At 31 May 245,524
At 04 May 23-
5.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables804
Taxation and social security303
Other creditors8,495
Accrued liabilities and deferred income607
Total10,209