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REGISTERED NUMBER: 05816582 (England and Wales)














Financial Statements

for the Year Ended 27 May 2024

for

Rawcliffes Foods Limited

Rawcliffes Foods Limited (Registered number: 05816582)

Contents of the Financial Statements
for the Year Ended 27 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rawcliffes Foods Limited

Company Information
for the Year Ended 27 May 2024







DIRECTORS: D P Rawcliffe
Mrs E K Oh





SECRETARY: Dr C Rawcliffe





REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: 05816582 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Rawcliffes Foods Limited (Registered number: 05816582)

Balance Sheet
27 May 2024

27.5.24 27.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,908 34,577

CURRENT ASSETS
Debtors 5 876,448 871,366
Cash at bank 6,627 -
883,075 871,366
CREDITORS
Amounts falling due within one year 6 1,202,775 1,378,747
NET CURRENT LIABILITIES (319,700 ) (507,381 )
TOTAL ASSETS LESS CURRENT LIABILITIES (288,792 ) (472,804 )

CREDITORS
Amounts falling due after more than one year 7 483,548 512,120
NET LIABILITIES (772,340 ) (984,924 )

CAPITAL AND RESERVES
Called up share capital 9 8,001 8,001
Retained earnings (780,341 ) (992,925 )
SHAREHOLDERS' FUNDS (772,340 ) (984,924 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Rawcliffes Foods Limited (Registered number: 05816582)

Balance Sheet - continued
27 May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





D P Rawcliffe - Director


Rawcliffes Foods Limited (Registered number: 05816582)

Notes to the Financial Statements
for the Year Ended 27 May 2024


1. STATUTORY INFORMATION

Rawcliffes Foods Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of goods sold during the year, net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer.

Tangible fixed assets
Fixed assets are recognised at historical cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property- 10% on reducing balance
Plant and machinery- 10% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Rawcliffes Foods Limited (Registered number: 05816582)

Notes to the Financial Statements - continued
for the Year Ended 27 May 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company meets its day to day working capital requirements from support from its director. No adjustments have been made to reflect the position if such support was withdrawn. This support is expected to continue for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 28 May 2023 53,386 21,650 11,815 86,851
Additions - - 432 432
At 27 May 2024 53,386 21,650 12,247 87,283
DEPRECIATION
At 28 May 2023 22,623 17,836 11,815 52,274
Charge for year 3,076 954 71 4,101
At 27 May 2024 25,699 18,790 11,886 56,375
NET BOOK VALUE
At 27 May 2024 27,687 2,860 361 30,908
At 27 May 2023 30,763 3,814 - 34,577

Rawcliffes Foods Limited (Registered number: 05816582)

Notes to the Financial Statements - continued
for the Year Ended 27 May 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 28 May 2023 32,001
Transfer to ownership (32,001 )
At 27 May 2024 -
DEPRECIATION
At 28 May 2023 11,005
Charge for year 2,099
Transfer to ownership (13,104 )
At 27 May 2024 -
NET BOOK VALUE
At 27 May 2024 -
At 27 May 2023 20,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.5.24 27.5.23
£    £   
Trade debtors 22,612 49,390
Rawcliffes Food (Holdings) Ltd 669,139 640,372
VAT - 3,391
Deferred tax asset 182,389 178,213
Prepayments and accrued income 2,308 -
876,448 871,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.5.24 27.5.23
£    £   
Bank loans and overdrafts 32,322 77,136
Other loans 33,216 32,516
Hire purchase contracts - 2,456
Trade creditors 321,503 426,512
Social security and other taxes 107,765 99,294
VAT 29,643 -
Other creditors 284,092 287,170
Directors' loan accounts 375,166 431,046
Accrued expenses 19,068 22,617
1,202,775 1,378,747

Rawcliffes Foods Limited (Registered number: 05816582)

Notes to the Financial Statements - continued
for the Year Ended 27 May 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
27.5.24 27.5.23
£    £   
Other loans - 2-5 years 483,548 512,120

8. SECURED DEBTS

The following secured debts are included within creditors:

27.5.24 27.5.23
£    £   
Close Factoring Account - 31,151

Fixed and floating charge over the undertaking and all property and assets present and future.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 27.5.24 27.5.23
value: £    £   
1 Ordinary £1 1 1

Allotted and issued:
Number: Class: Nominal 27.5.24 27.5.23
value: £    £   
800,000 "A" Shares £1 8,000 8,000

These shares were partially paid for at the rate of 1p per share.

10. GOING CONCERN

The director has considered the current and forecast financial position of the company. Having taken appropriate steps to consider the future trading he has concluded that with his continued support combined with that of their bankers and creditors that the company is a going concern.