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REGISTERED NUMBER: 11403578 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

RECYCLED ASPHALT PRODUCTS (RAP) LIMITED

RECYCLED ASPHALT PRODUCTS (RAP) LIMITED (REGISTERED NUMBER: 11403578)






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


RECYCLED ASPHALT PRODUCTS (RAP) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: M P Robinson
Mrs C J Robinson





REGISTERED OFFICE: North Lees Barn
North Lees
Ripon
HG4 3HW





REGISTERED NUMBER: 11403578 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

RECYCLED ASPHALT PRODUCTS (RAP) LIMITED (REGISTERED NUMBER: 11403578)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,325,859 1,016,781

CURRENT ASSETS
Stocks 27,619 1,470
Debtors 5 399,269 299,560
Cash at bank and in hand 48,236 229,159
475,124 530,189
CREDITORS
Amounts falling due within one year 6 736,286 415,733
NET CURRENT (LIABILITIES)/ASSETS (261,162 ) 114,456
TOTAL ASSETS LESS CURRENT LIABILITIES 2,064,697 1,131,237

CREDITORS
Amounts falling due after more than one year 7 (672,956 ) (267,640 )

PROVISIONS FOR LIABILITIES (256,232 ) (99,405 )
NET ASSETS 1,135,509 764,192

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 1,135,489 764,172
SHAREHOLDERS' FUNDS 1,135,509 764,192

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.

RECYCLED ASPHALT PRODUCTS (RAP) LIMITED (REGISTERED NUMBER: 11403578)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th March 2025 and were signed on its behalf by:




M P Robinson - Director



Mrs C J Robinson - Director


RECYCLED ASPHALT PRODUCTS (RAP) LIMITED (REGISTERED NUMBER: 11403578)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Recycled Asphalt Products (RAP) 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.

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 and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Income is recognised when the service has been undertaken.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

RECYCLED ASPHALT PRODUCTS (RAP) LIMITED (REGISTERED NUMBER: 11403578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st July 2023 87,486 1,526,982 901 90,852 1,706,221
Additions 19,846 1,598,850 - 68,069 1,686,765
Disposals - (111,055 ) - (42,500 ) (153,555 )
At 30th June 2024 107,332 3,014,777 901 116,421 3,239,431
DEPRECIATION
At 1st July 2023 52,565 618,777 444 17,654 689,440
Charge for year 21,466 247,671 115 21,205 290,457
Eliminated on disposal - (51,840 ) - (14,485 ) (66,325 )
At 30th June 2024 74,031 814,608 559 24,374 913,572
NET BOOK VALUE
At 30th June 2024 33,301 2,200,169 342 92,047 2,325,859
At 30th June 2023 34,921 908,205 457 73,198 1,016,781

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 176,285 243,922
Other debtors 222,984 55,638
399,269 299,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 7,400
Hire purchase contracts 533,585 260,755
Trade creditors 20,775 80,045
Taxation and social security 46,716 27,925
Other creditors 135,210 39,608
736,286 415,733

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 14,110
Hire purchase contracts 672,956 253,530
672,956 267,640

RECYCLED ASPHALT PRODUCTS (RAP) LIMITED (REGISTERED NUMBER: 11403578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

8. RELATED PARTY DISCLOSURES

MP & CJ Robinson
The company had made transactions with the above partnership that the directors are partners of.

During the year, amounts totalling £100,000 (2023 - £Nil) were loaned from the partnership and £Nil (2023 - £1,800) was repaid. At the year end there was an outstanding balance of £99,750 due from the company (2023 - £250 due to the company, and is shown in creditors due within one year). No interest was charged on this balance. The balance is shown in debtors due within one year and was payable on demand.

Loans
At the balance sheet date, the company owed £15,000 (2023 - £15,000) to key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.