IRIS Accounts Production v24.3.2.46 03073351 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030733512023-06-30030733512024-06-30030733512023-07-012024-06-30030733512022-06-30030733512022-07-012023-06-30030733512023-06-3003073351ns15:EnglandWales2023-07-012024-06-3003073351ns14:PoundSterling2023-07-012024-06-3003073351ns10:Director12023-07-012024-06-3003073351ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003073351ns10:SmallEntities2023-07-012024-06-3003073351ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003073351ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003073351ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003073351ns10:FullAccounts2023-07-012024-06-3003073351ns10:Director22023-07-012024-06-3003073351ns10:RegisteredOffice2023-07-012024-06-3003073351ns5:CurrentFinancialInstruments2024-06-3003073351ns5:CurrentFinancialInstruments2023-06-3003073351ns5:Non-currentFinancialInstruments2024-06-3003073351ns5:Non-currentFinancialInstruments2023-06-3003073351ns5:ShareCapital2024-06-3003073351ns5:ShareCapital2023-06-3003073351ns5:RetainedEarningsAccumulatedLosses2024-06-3003073351ns5:RetainedEarningsAccumulatedLosses2023-06-3003073351ns5:PlantMachinery2023-07-012024-06-3003073351ns5:PlantMachinery2023-06-3003073351ns5:PlantMachinery2024-06-3003073351ns5:PlantMachinery2023-06-3003073351ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3003073351ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3003073351ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-06-3003073351ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3003073351ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3003073351ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003073351ns5:RetainedEarningsAccumulatedLosses2023-06-3003073351ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 03073351 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Rayell Construction Limited

Rayell Construction Limited (Registered number: 03073351)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rayell Construction Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mr Raymond Ellingford
Mrs Jodie Michaela Ellingford



REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU



REGISTERED NUMBER: 03073351 (England and Wales)



ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU



BANKERS: Lloyds TSB
The Green
Stanford Le Hope
Essex
SS17 0ER

Rayell Construction Limited (Registered number: 03073351)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,105 110,459

CURRENT ASSETS
Stocks 5 178,220 401,322
Debtors 6 163,440 155,234
Cash at bank and in hand 325,087 1,352,401
666,747 1,908,957
CREDITORS
Amounts falling due within one year 7 311,917 1,560,442
NET CURRENT ASSETS 354,830 348,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,935

458,974

CREDITORS
Amounts falling due after more than one
year

8

-

14,375
NET ASSETS 459,935 444,599

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 9 459,932 444,596
SHAREHOLDERS' FUNDS 459,935 444,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Rayell Construction Limited (Registered number: 03073351)

Balance Sheet - continued
30 June 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 4 September 2024 and were signed on its behalf by:





Mr Raymond Ellingford - Director


Rayell Construction Limited (Registered number: 03073351)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Rayell Construction 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

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.

Rayell Construction Limited (Registered number: 03073351)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 290,144
Additions 49,430
Disposals (48,300 )
At 30 June 2024 291,274
DEPRECIATION
At 1 July 2023 179,685
Charge for year 27,615
Eliminated on disposal (21,131 )
At 30 June 2024 186,169
NET BOOK VALUE
At 30 June 2024 105,105
At 30 June 2023 110,459

Rayell Construction Limited (Registered number: 03073351)

Notes to the Financial Statements - continued
for the year ended 30 June 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
etc
£   
COST
At 1 July 2023 48,300
Disposals (48,300 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 21,131
Eliminated on disposal (21,131 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 27,169

5. STOCKS
2024 2023
£    £   
Work-in-progress 178,220 401,322

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 133,486 87,342
VAT 29,954 67,892
163,440 155,234

Rayell Construction Limited (Registered number: 03073351)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 7,500
Trade creditors 159,695 238,669
Tax 39,571 27,543
Social security and other taxes 7,326 8,864
Directors' current accounts 32,868 51
Accruals and deferred income - 1,272,800
Accrued expenses 72,457 5,015
311,917 1,560,442

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 14,375

9. RESERVES
Retained
earnings
£   

At 1 July 2023 444,596
Profit for the year 145,336
Dividends (130,000 )
At 30 June 2024 459,932