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REGISTERED NUMBER: 08005423 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RATEL LIMITED

RATEL LIMITED (REGISTERED NUMBER: 08005423)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RATEL LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: J P Massarella





REGISTERED OFFICE: Aizlewood's Mill
Nursery Street
Sheffield
S3 8GG





REGISTERED NUMBER: 08005423 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
Aizlewood's Mill
Nursery Street
Sheffield
S3 8GG

RATEL LIMITED (REGISTERED NUMBER: 08005423)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198,936 234,260

CURRENT ASSETS
Stocks 9,700 9,700
Debtors 5 78,261 83,612
Cash at bank and in hand 242,501 253,557
330,462 346,869
CREDITORS
Amounts falling due within one year 6 397,145 402,049
NET CURRENT LIABILITIES (66,683 ) (55,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,253

179,080

CREDITORS
Amounts falling due after more than one
year

7

(101,445

)

(113,302

)

PROVISIONS FOR LIABILITIES (10,180 ) (14,031 )
NET ASSETS 20,628 51,747

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,528 51,647
20,628 51,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RATEL LIMITED (REGISTERED NUMBER: 08005423)

BALANCE SHEET - continued
31 December 2023


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 director and authorised for issue on 25 March 2025 and were signed by:





J P Massarella - Director


RATEL LIMITED (REGISTERED NUMBER: 08005423)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Ratel 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.

Monetary amounts in these financial statements are rounded to the nearest £.

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.
Land and buildings - Over term of the lease
Plant and machinery etc - 10% on reducing balance and 10% 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.

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.


RATEL LIMITED (REGISTERED NUMBER: 08005423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 29 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 18,440 399,546 417,986
Additions - 2,434 2,434
At 31 December 2023 18,440 401,980 420,420
DEPRECIATION
At 1 January 2023 9,549 174,177 183,726
Charge for year 1,844 35,914 37,758
At 31 December 2023 11,393 210,091 221,484
NET BOOK VALUE
At 31 December 2023 7,047 191,889 198,936
At 31 December 2022 8,891 225,369 234,260

RATEL LIMITED (REGISTERED NUMBER: 08005423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 78,261 83,612

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 13,636 13,636
Trade creditors 142,149 131,681
Taxation and social security 73,946 76,783
Other creditors 167,414 179,949
397,145 402,049

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 19,317 32,954
Other creditors 82,128 80,348
101,445 113,302

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 82,128 80,348

Other loans comprise of loans secured on the leasehold property and fixtures and fittings of the company.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J P Massarella.