2023-09-012024-08-312024-08-31false12813296RAZOR DEVELOPMENTS (NG) LTD2025-02-26falseiso4217:GBPxbrli:pure128132962023-09-01128132962024-08-31128132962023-09-012024-08-31128132962022-09-01128132962023-08-31128132962022-09-012023-08-3112813296bus:SmallEntities2023-09-012024-08-3112813296bus:AuditExempt-NoAccountantsReport2023-09-012024-08-3112813296bus:FullAccounts2023-09-012024-08-3112813296bus:PrivateLimitedCompanyLtd2023-09-012024-08-3112813296core:WithinOneYear2024-08-3112813296core:AfterOneYear2024-08-3112813296core:WithinOneYear2023-08-3112813296core:AfterOneYear2023-08-3112813296core:ShareCapital2024-08-3112813296core:SharePremium2024-08-3112813296core:RevaluationReserve2024-08-3112813296core:OtherReservesSubtotal2024-08-3112813296core:RetainedEarningsAccumulatedLosses2024-08-3112813296core:ShareCapital2023-08-3112813296core:SharePremium2023-08-3112813296core:RevaluationReserve2023-08-3112813296core:OtherReservesSubtotal2023-08-3112813296core:RetainedEarningsAccumulatedLosses2023-08-3112813296core:LandBuildings2024-08-3112813296core:PlantMachinery2024-08-3112813296core:Vehicles2024-08-3112813296core:FurnitureFittings2024-08-3112813296core:OfficeEquipment2024-08-3112813296core:NetGoodwill2024-08-3112813296core:IntangibleAssetsOtherThanGoodwill2024-08-3112813296core:ListedExchangeTraded2024-08-3112813296core:UnlistedNon-exchangeTraded2024-08-3112813296core:LandBuildings2023-08-3112813296core:PlantMachinery2023-08-3112813296core:Vehicles2023-08-3112813296core:FurnitureFittings2023-08-3112813296core:OfficeEquipment2023-08-3112813296core:NetGoodwill2023-08-3112813296core:IntangibleAssetsOtherThanGoodwill2023-08-3112813296core:ListedExchangeTraded2023-08-3112813296core:UnlistedNon-exchangeTraded2023-08-3112813296core:LandBuildings2023-09-012024-08-3112813296core:PlantMachinery2023-09-012024-08-3112813296core:Vehicles2023-09-012024-08-3112813296core:FurnitureFittings2023-09-012024-08-3112813296core:OfficeEquipment2023-09-012024-08-3112813296core:NetGoodwill2023-09-012024-08-3112813296core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3112813296core:ListedExchangeTraded2023-09-012024-08-3112813296core:UnlistedNon-exchangeTraded2023-09-012024-08-3112813296core:MoreThanFiveYears2023-09-012024-08-3112813296core:Non-currentFinancialInstruments2024-08-3112813296core:Non-currentFinancialInstruments2023-08-3112813296dpl:CostSales2023-09-012024-08-3112813296dpl:DistributionCosts2023-09-012024-08-3112813296core:LandBuildings2023-09-012024-08-3112813296core:PlantMachinery2023-09-012024-08-3112813296core:Vehicles2023-09-012024-08-3112813296core:FurnitureFittings2023-09-012024-08-3112813296core:OfficeEquipment2023-09-012024-08-3112813296dpl:AdministrativeExpenses2023-09-012024-08-3112813296core:NetGoodwill2023-09-012024-08-3112813296core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3112813296dpl:GroupUndertakings2023-09-012024-08-3112813296dpl:ParticipatingInterests2023-09-012024-08-3112813296dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-012024-08-3112813296core:ListedExchangeTraded2023-09-012024-08-3112813296dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-012024-08-3112813296core:UnlistedNon-exchangeTraded2023-09-012024-08-3112813296dpl:CostSales2022-09-012023-08-3112813296dpl:DistributionCosts2022-09-012023-08-3112813296core:LandBuildings2022-09-012023-08-3112813296core:PlantMachinery2022-09-012023-08-3112813296core:Vehicles2022-09-012023-08-3112813296core:FurnitureFittings2022-09-012023-08-3112813296core:OfficeEquipment2022-09-012023-08-3112813296dpl:AdministrativeExpenses2022-09-012023-08-3112813296core:NetGoodwill2022-09-012023-08-3112813296core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3112813296dpl:GroupUndertakings2022-09-012023-08-3112813296dpl:ParticipatingInterests2022-09-012023-08-3112813296dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3112813296core:ListedExchangeTraded2022-09-012023-08-3112813296dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3112813296core:UnlistedNon-exchangeTraded2022-09-012023-08-3112813296core:NetGoodwill2024-08-3112813296core:IntangibleAssetsOtherThanGoodwill2024-08-3112813296core:LandBuildings2024-08-3112813296core:PlantMachinery2024-08-3112813296core:Vehicles2024-08-3112813296core:FurnitureFittings2024-08-3112813296core:OfficeEquipment2024-08-3112813296core:AfterOneYear2024-08-3112813296core:WithinOneYear2024-08-3112813296core:ListedExchangeTraded2024-08-3112813296core:UnlistedNon-exchangeTraded2024-08-3112813296core:ShareCapital2024-08-3112813296core:SharePremium2024-08-3112813296core:RevaluationReserve2024-08-3112813296core:OtherReservesSubtotal2024-08-3112813296core:RetainedEarningsAccumulatedLosses2024-08-3112813296core:NetGoodwill2023-08-3112813296core:IntangibleAssetsOtherThanGoodwill2023-08-3112813296core:LandBuildings2023-08-3112813296core:PlantMachinery2023-08-3112813296core:Vehicles2023-08-3112813296core:FurnitureFittings2023-08-3112813296core:OfficeEquipment2023-08-3112813296core:AfterOneYear2023-08-3112813296core:WithinOneYear2023-08-3112813296core:ListedExchangeTraded2023-08-3112813296core:UnlistedNon-exchangeTraded2023-08-3112813296core:ShareCapital2023-08-3112813296core:SharePremium2023-08-3112813296core:RevaluationReserve2023-08-3112813296core:OtherReservesSubtotal2023-08-3112813296core:RetainedEarningsAccumulatedLosses2023-08-3112813296core:NetGoodwill2022-09-0112813296core:IntangibleAssetsOtherThanGoodwill2022-09-0112813296core:LandBuildings2022-09-0112813296core:PlantMachinery2022-09-0112813296core:Vehicles2022-09-0112813296core:FurnitureFittings2022-09-0112813296core:OfficeEquipment2022-09-0112813296core:AfterOneYear2022-09-0112813296core:WithinOneYear2022-09-0112813296core:ListedExchangeTraded2022-09-0112813296core:UnlistedNon-exchangeTraded2022-09-0112813296core:ShareCapital2022-09-0112813296core:SharePremium2022-09-0112813296core:RevaluationReserve2022-09-0112813296core:OtherReservesSubtotal2022-09-0112813296core:RetainedEarningsAccumulatedLosses2022-09-0112813296core:AfterOneYear2023-09-012024-08-3112813296core:WithinOneYear2023-09-012024-08-3112813296core:Non-currentFinancialInstrumentscore:CostValuation2023-09-012024-08-3112813296core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-012024-08-3112813296core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-012024-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-012024-08-3112813296core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-012024-08-3112813296core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-012024-08-3112813296core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3112813296core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3112813296core:Non-currentFinancialInstrumentscore:CostValuation2024-08-3112813296core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-08-3112813296core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-08-3112813296core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-08-3112813296core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-08-3112813296core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-08-3112813296core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-08-3112813296core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3112813296core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3112813296core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3112813296bus:Director12023-09-012024-08-3112813296bus:Director22023-09-012024-08-31128132961bus:Director22023-09-01128132961bus:Director22023-09-012024-08-31128132961bus:Director22024-08-31128132962023-09-01128132962023-09-012024-08-31128132962024-08-31

RAZOR DEVELOPMENTS (NG) LTD

Registered Number
12813296
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

RAZOR DEVELOPMENTS (NG) LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

NEWTON, Stephen Richard
SMITH, Robert Clive

Registered Address

79 Crosslands Meadow
Colwick
Nottingham
NG4 2DJ

Registered Number

12813296 (England and Wales)
RAZOR DEVELOPMENTS (NG) LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets47,8236,159
7,8236,159
Current assets
Debtors7,2992,894
Cash at bank and on hand22,1162,869
29,4155,763
Creditors amounts falling due within one year5(90,749)(63,182)
Net current assets (liabilities)(61,334)(57,419)
Total assets less current liabilities(53,511)(51,260)
Creditors amounts falling due after one year6(833)(3,333)
Net assets(54,344)(54,593)
Capital and reserves
Called up share capital22
Profit and loss account(54,346)(54,595)
Shareholders' funds(54,344)(54,593)
The financial statements were approved and authorised for issue by the Board of Directors on 26 February 2025, and are signed on its behalf by:
NEWTON, Stephen Richard
Director
Registered Company No. 12813296
RAZOR DEVELOPMENTS (NG) LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
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 the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Vehicles25
Office Equipment33
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year44
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 September 231,22812,5001,36515,093
Additions2003,000-3,200
At 31 August 241,42815,5001,36518,293
Depreciation and impairment
At 01 September 235987,2271,1098,934
Charge for year1671,318511,536
At 31 August 247658,5451,16010,470
Net book value
At 31 August 246636,9552057,823
At 31 August 236305,2732566,159
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables38,06335,890
Bank borrowings and overdrafts44,71526,309
Taxation and social security7,220232
Accrued liabilities and deferred income751751
Total90,74963,182
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts8333,333
Total8333,333
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SMITH, Robert Clive02,12702,127
02,12702,127