Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01false77falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12110519 2023-02-01 2024-01-31 12110519 2022-02-01 2023-01-31 12110519 2024-01-31 12110519 2023-01-31 12110519 c:Director1 2023-02-01 2024-01-31 12110519 d:PlantMachinery 2023-02-01 2024-01-31 12110519 d:FurnitureFittings 2023-02-01 2024-01-31 12110519 d:ComputerEquipment 2023-02-01 2024-01-31 12110519 d:ComputerEquipment 2024-01-31 12110519 d:ComputerEquipment 2023-01-31 12110519 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12110519 d:Goodwill 2023-02-01 2024-01-31 12110519 d:Goodwill 2024-01-31 12110519 d:Goodwill 2023-01-31 12110519 d:CurrentFinancialInstruments 2024-01-31 12110519 d:CurrentFinancialInstruments 2023-01-31 12110519 d:Non-currentFinancialInstruments 2024-01-31 12110519 d:Non-currentFinancialInstruments 2023-01-31 12110519 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12110519 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12110519 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 12110519 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12110519 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 12110519 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 12110519 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 12110519 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 12110519 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 12110519 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 12110519 d:ShareCapital 2024-01-31 12110519 d:ShareCapital 2023-01-31 12110519 d:RetainedEarningsAccumulatedLosses 2024-01-31 12110519 d:RetainedEarningsAccumulatedLosses 2023-01-31 12110519 c:FRS102 2023-02-01 2024-01-31 12110519 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12110519 c:FullAccounts 2023-02-01 2024-01-31 12110519 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12110519 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-01-31 12110519 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12110519










RAZ ENTERPRISES LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
RAZ ENTERPRISES LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RAZ ENTERPRISES LTD
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Raz Enterprises Ltd for the year ended 31 January 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Raz Enterprises Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Raz Enterprises Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Raz Enterprises Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Raz Enterprises Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Raz Enterprises Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Raz Enterprises Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning
 

21 January 2025
Page 1

 
RAZ ENTERPRISES LTD
REGISTERED NUMBER: 12110519

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
198,598
231,698

Tangible assets
 5 
-
208

  
198,598
231,906

Current assets
  

Stocks
 6 
34,568
36,192

Debtors: amounts falling due within one year
 7 
95,129
116,048

Cash at bank and in hand
 8 
63,248
61,894

  
192,945
214,134

Creditors: amounts falling due within one year
 9 
(187,530)
(246,815)

Net current assets/(liabilities)
  
 
 
5,415
 
 
(32,681)

Total assets less current liabilities
  
204,013
199,225

Creditors: amounts falling due after more than one year
 10 
(113,911)
(120,716)

  

Net assets
  
90,102
78,509


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
90,002
78,409

  
90,102
78,509


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2025.

Page 2

 
RAZ ENTERPRISES LTD
REGISTERED NUMBER: 12110519

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024






Mazhar Ali
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
RAZ ENTERPRISES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Raz Enterprises Ltd is a company domiciled in England and Wales, registration number 12110519.  The registered office address is 28 Hampden Road, High Wycombe, HP16 6SX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
RAZ ENTERPRISES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 5

 
RAZ ENTERPRISES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Fixtures and fittings
-
20%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 6

 
RAZ ENTERPRISES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Administration
7
7

Page 7

 
RAZ ENTERPRISES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
330,998



At 31 January 2024

330,998



Amortisation


At 1 February 2023
99,300


Charge for the year on owned assets
33,100



At 31 January 2024

132,400



Net book value



At 31 January 2024
198,598



At 31 January 2023
231,698



Page 8

 
RAZ ENTERPRISES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 February 2023
1,358



At 31 January 2024

1,358



Depreciation


At 1 February 2023
1,150


Charge for the year on owned assets
208



At 31 January 2024

1,358



Net book value



At 31 January 2024
-



At 31 January 2023
208


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
34,568
36,192

34,568
36,192



7.


Debtors

2024
2023
£
£


Trade debtors
88,736
102,781

Other debtors
6,393
13,267

95,129
116,048


Page 9

 
RAZ ENTERPRISES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
63,248
61,894

63,248
61,894



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,284
8,284

Trade creditors
70,654
77,642

Corporation tax
34,995
27,844

Other taxation and social security
150
-

Other creditors
23,842
86,659

Accruals and deferred income
49,605
46,386

187,530
246,815



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
113,911
120,716

113,911
120,716


The following liabilities were secured:

2024
2023
£
£



Bank loan
122,195
129,000

122,195
129,000

Details of security provided:

The bank loan is secured by a fixed and a floating charge over the assets of the company.

Page 10

 
RAZ ENTERPRISES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,284
8,284


8,284
8,284

Amounts falling due 1-2 years

Bank loans
8,284
8,284


8,284
8,284

Amounts falling due 2-5 years

Bank loans
24,852
24,852


24,852
24,852

Amounts falling due after more than 5 years

Bank loans
80,775
87,580

80,775
87,580

122,195
129,000



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,059 (2023: £2,063).


13.


Related party transactions

At the balance sheet date, the company owed Mr Ali £12,657 (2023:£77,697) and is included in other creditors due within one year.


14.


Controlling party

The ultimate controlling party is Mr Mazhar Ali.


Page 11