Registered number
06503436
Ravenslade Limited
Unaudited Filleted Accounts
30 September 2024
Ravenslade Limited
Registered number: 06503436
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,826 6,430
Current assets
Debtors 4 103,270 85,657
Cash at bank and in hand 9,943 18,701
113,213 104,358
Creditors: amounts falling due within one year 5 (89,821) (80,069)
Net current assets 23,392 24,289
Total assets less current liabilities 28,218 30,719
Provisions for liabilities (1,094) (1,259)
Net assets 27,124 29,460
Capital and reserves
Called up share capital 114 114
Share premium 6,236 6,236
Revaluation reserve 6 100 100
Profit and loss account 20,674 23,010
Shareholders' funds 27,124 29,460
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P Bennett
Director
Approved by the board on 5 January 2025
Ravenslade Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
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).The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
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 rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 20% on cost
Computer equipment 33% on cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 48,698
Additions 1,927
Disposals (8,372)
At 30 September 2024 42,253
Depreciation
At 1 October 2023 42,268
Charge for the year 3,531
On disposals (8,372)
At 30 September 2024 37,427
Net book value
At 30 September 2024 4,826
At 30 September 2023 6,430
4 Debtors 2024 2023
£ £
Trade debtors 32,889 46,366
Other debtors 70,381 39,291
103,270 85,657
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 47,100 46,447
Taxation and social security costs 40,975 31,488
Other creditors 1,746 2,134
89,821 80,069
6 Revaluation reserve 2024 2023
£ £
At 1 October 2023 100 100
At 30 September 2024 100 100
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 10,667 26,667
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Interest free loan, repayable on demand 12,841 611 (12,903) 549
12,841 611 (12,903) 549
9 Other information
Ravenslade Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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