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COMPANY REGISTRATION NUMBER: 03751290
RAI HAULAGE LTD
Filleted Unaudited Financial Statements
30 April 2024
RAI HAULAGE LTD
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
32,868
25,588
Current assets
Debtors
6
4,000
Cash at bank and in hand
1,863
18,768
-------
--------
5,863
18,768
Creditors: amounts falling due within one year
7
11,340
7,144
--------
--------
Net current (liabilities)/assets
( 5,477)
11,624
--------
--------
Total assets less current liabilities
27,391
37,212
Creditors: amounts falling due after more than one year
8
1,540
--------
--------
Net assets
25,851
37,212
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
25,751
37,112
--------
--------
Shareholders funds
25,851
37,212
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RAI HAULAGE LTD
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
I S RAI
Director
Company registration number: 03751290
RAI HAULAGE LTD
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 60, FURNIVAL AVENUE, SLOUGH, BERKS, SL2 1DW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
All assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 May 2023
68,500
633
69,133
Additions
14,495
14,495
--------
----
--------
At 30 April 2024
82,995
633
83,628
--------
----
--------
Depreciation
At 1 May 2023
43,104
441
43,545
Charge for the year
7,181
34
7,215
--------
----
--------
At 30 April 2024
50,285
475
50,760
--------
----
--------
Carrying amount
At 30 April 2024
32,710
158
32,868
--------
----
--------
At 30 April 2023
25,396
192
25,588
--------
----
--------
6. Debtors
2024
2023
£
£
Other debtors
4,000
-------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
2,149
Social security and other taxes
607
1,953
Other creditors
10,733
3,042
--------
-------
11,340
7,144
--------
-------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
1,540
-------
----
9. Director's advances, credits and guarantees
Directors loan account relates to directors current account.
10. Related party transactions
The company was under the control of Mr I S RAI throughout the current and previous year. Mr I S RAI is the managing director holding 70% share capital in the company.