RAYNER SMITH LIMITED

Company Registration Number:
11714992 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

RAYNER SMITH LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

RAYNER SMITH LIMITED

Company Information

for the Period Ended 31 December 2024




Registered office: Fairbank House
5-7 Moorfield Close
Yeadon
Leeds
England
LS19 7YA
Company Registration Number: 11714992 (England and Wales)

RAYNER SMITH LIMITED

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 6,383 11,207
Total fixed assets: 6,383 11,207
Current assets
Stocks: 487,912 705,050
Debtors: 564,097 494,463
Cash at bank and in hand: 36,461 17,025
Total current assets: 1,088,470 1,216,538
Creditors: amounts falling due within one year: ( 281,452 ) ( 497,564 )
Net current assets (liabilities): 807,018 718,974
Total assets less current liabilities: 813,401 730,181
Creditors: amounts falling due after more than one year: ( 117,340 ) ( 659,791 )
Total net assets (liabilities): 696,061 70,390

The notes form part of these financial statements

RAYNER SMITH LIMITED

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 584,568 100
Profit and loss account: 111,493 70,290
Shareholders funds: 696,061 70,390

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 February 2025
And Signed On Behalf Of The Board By:

Name: O Rayner
Status: Director

The notes form part of these financial statements

RAYNER SMITH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    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 rendering of services.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated deprecation depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over the expected useful lives on the following basis:
    Leasehold: 3 years straight line method
    Plant & Machinery 18% reducing balance method
    Fixtures & Fittings: 18% Reducing Balance method

RAYNER SMITH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 5 5

RAYNER SMITH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

RAYNER SMITH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 27,610
Additions 162
Disposals -
Revaluations -
Transfers -
At 31 December 2024 27,772
Depreciation
At 01 January 2024 16,403
Charge for year 4,986
On disposals -
Other adjustments -
At 31 December 2024 21,389
Net book value
At 31 December 2024 6,383
At 31 December 2023 11,207