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REGISTERED NUMBER: 11393434 (England and Wales)












Unaudited Financial Statements

For The Year Ended 30th June 2024

for

The Rattan Company Ltd

The Rattan Company Ltd (Registered number: 11393434)






Contents of the Financial Statements
For The Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Rattan Company Ltd

Company Information
For The Year Ended 30th June 2024







DIRECTORS: C B Machin
Miss L M Pepper





REGISTERED OFFICE: Unit 2
Ducksworths Business Park
Wheal Busy
Chacewater
Cornwall
TR4 8NZ





REGISTERED NUMBER: 11393434 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

The Rattan Company Ltd (Registered number: 11393434)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - 120
Tangible assets 5 31,245 7,063
31,245 7,183

CURRENT ASSETS
Stocks 96,133 106,047
Debtors 6 60 1,710
Cash at bank and in hand 36,925 44,434
133,118 152,191
CREDITORS
Amounts falling due within one year 7 49,816 79,291
NET CURRENT ASSETS 83,302 72,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,547

80,083

CREDITORS
Amounts falling due after more than one
year

8

(10,067

)

(18,051

)

PROVISIONS FOR LIABILITIES 9 (4,900 ) -
NET ASSETS 99,580 62,032

CAPITAL AND RESERVES
Called up share capital 10 20 20
Retained earnings 99,560 62,012
SHAREHOLDERS' FUNDS 99,580 62,032

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

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

The Rattan Company Ltd (Registered number: 11393434)

Balance Sheet - continued
30th 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th March 2025 and were signed on its behalf by:





C B Machin - Director


The Rattan Company Ltd (Registered number: 11393434)

Notes to the Financial Statements
For The Year Ended 30th June 2024

1. STATUTORY INFORMATION

The Rattan Company Ltd 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.

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 sale taxes.

Revenue is usually recognised when goods are paid for and despatched to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are capitalised as they are incurred. Amortisation of the website intangible asset starts when the website becomes live and are then amortised over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

The Rattan Company Ltd (Registered number: 11393434)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Website
£
COST
At 1st July 2023
and 30th June 2024 20,560
AMORTISATION
At 1st July 2023 20,440
Amortisation for year 120
At 30th June 2024 20,560
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 120

The Rattan Company Ltd (Registered number: 11393434)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Motor Computer
to property fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1st July 2023 6,455 2,948 - 3,098 12,501
Additions - - 24,990 440 25,430
At 30th June 2024 6,455 2,948 24,990 3,538 37,931
DEPRECIATION
At 1st July 2023 775 2,073 - 2,590 5,438
Charge for year 258 589 - 401 1,248
At 30th June 2024 1,033 2,662 - 2,991 6,686
NET BOOK VALUE
At 30th June 2024 5,422 286 24,990 547 31,245
At 30th June 2023 5,680 875 - 508 7,063

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Prepayments 60 1,710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Bank loans and overdrafts 8,693 7,986
Trade creditors 6,140 1,241
Corporation Tax 9,233 8,091
Social security and other taxes - 51
VAT 12,611 2,941
Directors' current accounts 9,889 55,841
Accrued expenses 3,250 3,140
49,816 79,291

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£ £
Bank loans - 1-2 years 8,042 8,032
Bank loans - 2-5 years 2,025 10,019
10,067 18,051

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£ £
Deferred tax 4,900 -

The Rattan Company Ltd (Registered number: 11393434)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Provided during year 4,900
Balance at 30th June 2024 4,900

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £ £
20 Ordinary £1 20 20