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Registration number: 09211375

Ratcliffe Automated Technologies Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 January 2023 to 30 June 2024

 

Ratcliffe Automated Technologies Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 10

 

Ratcliffe Automated Technologies Ltd

Company Information

Director

Mrs Una Mary Ratcliffe

Registered office

Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

Accountants

Pattinsons Business Services Limited
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

 

Ratcliffe Automated Technologies Ltd

Director's Report for the Period from 1 January 2023 to 30 June 2024

The director presents her report and the financial statements for the period from 1 January 2023 to 30 June 2024.

Director of the company

The director who held office during the period was as follows:

Mrs Una Mary Ratcliffe

Principal activity

The principal activity of the company is that of automated engineering.

Going concern

The company ceased to trade on 30 June 2024 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company’s assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 26 March 2025 and signed on its behalf by:

.........................................
Mrs Una Mary Ratcliffe
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ratcliffe Automated Technologies Ltd
for the Period Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ratcliffe Automated Technologies Ltd for the period ended 30 June 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Ratcliffe Automated Technologies Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ratcliffe Automated Technologies Ltd and state those matters that we have agreed to state to the Board of Directors of Ratcliffe Automated Technologies Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ratcliffe Automated Technologies Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ratcliffe Automated Technologies Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ratcliffe Automated Technologies Ltd. You consider that Ratcliffe Automated Technologies Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Ratcliffe Automated Technologies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Pattinsons Business Services Limited
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

26 March 2025

 

Ratcliffe Automated Technologies Ltd

(Registration number: 09211375)
Balance Sheet as at 30 June 2024

Note

30.06.2024
£

31.12.2022
£

Fixed assets

 

Tangible assets

5

1,665

2,379

Current assets

 

Debtors

6

145

28,578

Cash at bank and in hand

 

-

1,163

 

145

29,741

Creditors: Amounts falling due within one year

7

(7,294)

(23,617)

Net current (liabilities)/assets

 

(7,149)

6,124

Total assets less current liabilities

 

(5,484)

8,503

Creditors: Amounts falling due after more than one year

7

(3,500)

(8,000)

Provisions for liabilities

(316)

(452)

Net (liabilities)/assets

 

(9,300)

51

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(9,301)

50

Shareholders' (deficit)/funds

 

(9,300)

51

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 26 March 2025
 

.........................................
Mrs Una Mary Ratcliffe
Director

 

Ratcliffe Automated Technologies Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

These financial statements were authorised for issue by the director on 26 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ratcliffe Automated Technologies Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

3 years straight line

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Ratcliffe Automated Technologies Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company during the period, was 2 (2022 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

30.06.2024
£

31.12.2022
£

Depreciation expense

713

595

 

Ratcliffe Automated Technologies Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

483

4,055

4,538

Disposals

-

(483)

(483)

At 30 June 2024

483

3,572

4,055

Depreciation

At 1 January 2023

483

1,676

2,159

Charge for the period

-

714

714

Eliminated on disposal

-

(483)

(483)

At 30 June 2024

483

1,907

2,390

Carrying amount

At 30 June 2024

-

1,665

1,665

At 31 December 2022

-

2,379

2,379

6

Debtors

30.06.2024
£

31.12.2022
£

Trade debtors

-

6,168

Prepayments

-

101

Other debtors

145

22,309

145

28,578

 

Ratcliffe Automated Technologies Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

Note

30.06.2024
£

31.12.2022
£

Due within one year

 

Bank loans and overdrafts

9

3,076

3,000

Trade creditors

 

1,544

-

Taxation and social security

 

2,196

11,407

Other creditors

 

478

9,210

 

7,294

23,617

Creditors: amounts falling due after more than one year

Note

30.06.2024
£

31.12.2022
£

Due after one year

 

Loans and borrowings

9

3,500

8,000

8

Share capital

Allotted, called up and fully paid shares

30.06.2024

31.12.2022

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

9

Loans and borrowings

Non-current loans and borrowings

30.06.2024
£

31.12.2022
£

Bank borrowings

3,500

8,000

Current loans and borrowings

30.06.2024
£

31.12.2022
£

Bank borrowings

3,000

3,000

Bank overdrafts

76

-

3,076

3,000

 

Ratcliffe Automated Technologies Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 30 June 2024

10

Related party transactions

Transactions with the director

2024

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Loans to a direct relative to the director

12,728

56,339

(69,406)

(339)

 

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Loans to a direct relative to the director

14,446

42,376

(44,094)

12,728