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Company Registration No. 2659007 (England and Wales)
Rateglow Computing Limited Unaudited accounts for the year ended 31 March 2024
Rateglow Computing Limited Unaudited accounts Contents
Page
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Rateglow Computing Limited Company Information for the year ended 31 March 2024
Director
E W Butcher
Company Number
2659007 (England and Wales)
Registered Office
Swyn-Y-Dre Newlands Drive Leominster Herefordshire HR6 8PR England
Accountants
Armstrong Rogers & Co 45 Etnam Street Leominster Herefordshire HR6 8AE
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Rateglow Computing Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,734 
1,512 
Current assets
Debtors
104,202 
111,652 
Cash at bank and in hand
254 
590 
104,456 
112,242 
Creditors: amounts falling due within one year
(745)
(3,026)
Net current assets
103,711 
109,216 
Net assets
105,445 
110,728 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
105,443 
110,726 
Shareholders' funds
105,445 
110,728 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 February 2025 and were signed on its behalf by
E W Butcher Director Company Registration No. 2659007
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Rateglow Computing Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Rateglow Computing Limited is a private company, limited by shares, registered in England and Wales, registration number 2659007. The registered office is Swyn-Y-Dre, Newlands Drive, Leominster, Herefordshire, HR6 8PR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing balance basis
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Rateglow Computing Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
20,674 
Additions
800 
At 31 March 2024
21,474 
Depreciation
At 1 April 2023
19,162 
Charge for the year
578 
At 31 March 2024
19,740 
Net book value
At 31 March 2024
1,734 
At 31 March 2023
1,512 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
104,202 
111,652 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
2,491 
Accruals
745 
535 
745 
3,026 
7
Transactions with related parties
At 31 March 2024 E W Butcher, Esq owed £100,205 (2023: £111,130) in respect of his Director's Loan Account.
8
Controlling party
E W Butcher (Director) owns 100% of the issued share capital.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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