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REGISTERED NUMBER: 06971966 (England and Wales)















Group Strategic Report, Report of the Director and

Consolidated Financial Statements for the Year Ended 30 June 2024

for

RAJ CLUSTER LIMITED

RAJ CLUSTER LIMITED (Registered number: 06971966)






Contents of the Consolidated Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 17


RAJ CLUSTER LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: R Uthayaraj





REGISTERED OFFICE: 43 Cedar Road
Farnborough
Hampshire
GU14 7AU





REGISTERED NUMBER: 06971966 (England and Wales)





AUDITORS: ACN Accountants
Chartered Certified Accountants &
Statutory Auditors
41 Orsett Road
Grays
Essex
RM17 5DS

RAJ CLUSTER LIMITED (Registered number: 06971966)

Group Strategic Report
for the Year Ended 30 June 2024

The director presents his strategic report of the company and the group for the year ended 30 June 2024.

REVIEW OF BUSINESS
The trading results for the period and the financial position at the end of the period are shown in the attached financial statements. The group is in a good position to take advantage of business opportunities and the director considers the state of affairs to be satisfactory.

Key performance indicators

The director considers that the following performance indicators are appropriate in terms of assessment of the company's progress:

- Growth in revenue
- Increased efficiency of operational costs relative to revenues
- Achieving positive profit before tax
- Securing new stores for expansion to increase market share
- Explore new opportunities for investment for steady growth

Current trading and future developments

The company continues to make progress across all areas of its business.

PRINCIPAL RISKS AND UNCERTAINTIES
The company is subject to a number of risks, principally external. The director regularly reviews the risks to which the company is exposed and has in place a strategy to mitigate these risks as far as possible. The following summary, which is not exhaustive, outlines some of the key risks and uncertainties facing the company as its present stage of development.

The risks that are particularly important at the current time are:

- Consumer attitude to the type of shopping particularly online presence of big brand.
- Increase in power tariffs.
- Entry of new competitors in the company's geographical areas.
- Financial risk e.g. credit control and any material increase in finance costs.

Financial Instrument Risk

a) The company seeks to operate within its agreed overdraft and loan facility with the bank. All the sales are to UK customers and all suppliers are UK based, the company has therefore not entered into any hedging arrangements in respect of risks relating to trade debtors or creditors.

b) The exposure of the company to price risk, credit risk, liquidity risk and cash flow risk.

ON BEHALF OF THE BOARD:





R Uthayaraj - Director


27 March 2025

RAJ CLUSTER LIMITED (Registered number: 06971966)

Report of the Director
for the Year Ended 30 June 2024

The director presents his report with the financial statements of the company and the group for the year ended 30 June 2024.

DIVIDENDS
The total distribution of dividend for the period ended 30 June 2024 will be £40,000 (2023: £50,000).

DIRECTOR
R Uthayaraj held office during the whole of the period from 1 July 2023 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE
Charitable donations were given to the following organisations during the year to help the youth in education, heathy recreation and empowerment:

Charity Amount (£ )
Chundikuli - St. John's Past Pupils Association UK 3,000
JHC OBA (UK) - Jafna Hind College 3,250
Kondavil Welfare Association 100
Saiva Munnetta Sangam UK 200
Tamil Para Sports 5,000
Vincent Past Pupil 250


STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

RAJ CLUSTER LIMITED (Registered number: 06971966)

Report of the Director
for the Year Ended 30 June 2024


AUDITORS
The auditors, ACN Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





R Uthayaraj - Director


27 March 2025

Report of the Independent Auditors to the Members of
RAJ CLUSTER LIMITED

Opinion
We have audited the financial statements of RAJ CLUSTER LIMITED (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 June 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
RAJ CLUSTER LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
RAJ CLUSTER LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud

Based on our understanding of the company and industry, and through discussion with the directors and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure, management bias in accounting estimates and judgemental areas of the financial statements such revenue and margin recognition on long-term contracts. Audit procedures performed by the engagement team included:

- Discussions with management and assessment of known or suspected instances of non-compliance
with laws and regulations and fraud; and

- Assessment of identified fraud risk factors; and

- identifying key contracts and confirming that all required procurement and tendering procedures have
been followed; and

- Performing analytical procedures to identify any unusual or unexpected relationships, including related
party transactions, that may indicate risks of material misstatement due to fraud; and

- Confirmation of related parties with management, and review of transactions throughout the period to
identify any previously undisclosed transactions with related parties outside the normal course of
business; and

- Reading minutes of meetings of those charged with governance, reviewing internal audit reports and
reviewing correspondence with relevant tax and regulatory authorities; and

- Review of significant and unusual transactions and evaluation of the underlying financial rationale
supporting the transactions; and

- Identifying and testing journal entries, in particular any manual entries made at the year end for
financial statement preparation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that
is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion of the
effectiveness of the Company's internal control.

Report of the Independent Auditors to the Members of
RAJ CLUSTER LIMITED


- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we
conclude that a material uncertainty exists, we are required to draw attention in our Auditors' report to
the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our
opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors'
report. However, future events or conditions may cause the Company to cease to continue as a going
concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Anwar F Chowdhury FCCA (Senior Statutory Auditor)
for and on behalf of ACN Accountants
Chartered Certified Accountants &
Statutory Auditors
41 Orsett Road
Grays
Essex
RM17 5DS

27 March 2025

RAJ CLUSTER LIMITED (Registered number: 06971966)

Consolidated Income Statement
for the Year Ended 30 June 2024

Period
1.1.22
Year Ended to
30.6.24 30.6.23
Notes £    £   

TURNOVER 13,824,778 21,686,038

Cost of sales 10,465,970 16,811,919
GROSS PROFIT 3,358,808 4,874,119

Administrative expenses 4,728,832 7,031,073
(1,370,024 ) (2,156,954 )

Other operating income 1,565,041 2,310,733
OPERATING PROFIT 4 195,017 153,779

Interest receivable and similar income 5,703 5,112
200,720 158,891

Interest payable and similar expenses 5 5,588 -
PROFIT BEFORE TAXATION 195,132 158,891

Tax on profit 6 48,282 32,050
PROFIT FOR THE FINANCIAL YEAR 146,850 126,841
Profit attributable to:
Owners of the parent 146,850 126,841

RAJ CLUSTER LIMITED (Registered number: 06971966)

Consolidated Other Comprehensive Income
for the Year Ended 30 June 2024

Period
1.1.22
Year Ended to
30.6.24 30.6.23
Notes £    £   

PROFIT FOR THE YEAR 146,850 126,841


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

146,850

126,841

Total comprehensive income attributable to:
Owners of the parent 146,850 126,841

RAJ CLUSTER LIMITED (Registered number: 06971966)

Consolidated Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 118,419 -
Investments 10 - -
Investment property 11 701,480 -
819,899 -

CURRENT ASSETS
Stocks 12 514,289 591,122
Debtors 13 248,890 473,103
Cash at bank and in hand 575,180 1,009,428
1,338,359 2,073,653
CREDITORS
Amounts falling due within one year 14 1,239,707 1,351,059
NET CURRENT ASSETS 98,652 722,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

918,551

722,594

CREDITORS
Amounts falling due after more than one
year

15

89,007

-
NET ASSETS 829,544 722,594

CAPITAL AND RESERVES
Called up share capital 17 100 -
Retained earnings 18 829,444 722,594
SHAREHOLDERS' FUNDS 829,544 722,594

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





R Uthayaraj - Director


RAJ CLUSTER LIMITED (Registered number: 06971966)

Company Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 117,850 -
Investments 10 700,000 250,000
Investment property 11 - -
817,850 250,000

CURRENT ASSETS
Stocks 12 514,289 591,122
Debtors 13 248,890 223,203
Cash at bank and in hand 563,092 1,009,428
1,326,271 1,823,753
CREDITORS
Amounts falling due within one year 14 1,235,706 1,351,059
NET CURRENT ASSETS 90,565 472,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

908,415

722,694

CREDITORS
Amounts falling due after more than one
year

15

89,007

-
NET ASSETS 819,408 722,694

CAPITAL AND RESERVES
Called up share capital 17 100 100
Retained earnings 18 819,308 722,594
SHAREHOLDERS' FUNDS 819,408 722,694

Company's profit for the financial year 136,714 126,841

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





R Uthayaraj - Director


RAJ CLUSTER LIMITED (Registered number: 06971966)

Consolidated Statement of Changes in Equity
for the Year Ended 30 June 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 100 645,753 645,853

Changes in equity
Issue of share capital (100 ) - (100 )
Dividends - (50,000 ) (50,000 )
Total comprehensive income - 126,841 126,841
Balance at 30 June 2023 - 722,594 722,594

Changes in equity
Issue of share capital 100 - 100
Dividends - (40,000 ) (40,000 )
Total comprehensive income - 146,850 146,850
Balance at 30 June 2024 100 829,444 829,544

RAJ CLUSTER LIMITED (Registered number: 06971966)

Company Statement of Changes in Equity
for the Year Ended 30 June 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 100 645,753 645,853

Changes in equity
Dividends - (50,000 ) (50,000 )
Total comprehensive income - 126,841 126,841
Balance at 30 June 2023 100 722,594 722,694

Changes in equity
Dividends - (40,000 ) (40,000 )
Total comprehensive income - 136,714 136,714
Balance at 30 June 2024 100 819,308 819,408

RAJ CLUSTER LIMITED (Registered number: 06971966)

Consolidated Cash Flow Statement
for the Year Ended 30 June 2024

Period
1.1.22
Year Ended to
30.6.24 30.6.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 424,218 13,296
Interest element of hire purchase
payments paid

(5,588

)

-
Tax paid (20,000 ) (26,694 )
Net cash from operating activities 398,630 (13,398 )

Cash flows from investing activities
Purchase of tangible fixed assets (133,083 ) -
Purchase of fixed asset investments - (100 )
Purchase of investment property (701,480 ) -
Interest received 5,703 5,112
Net cash from investing activities (828,860 ) 5,012

Cash flows from financing activities
Capital repayments in year 117,115 -
Amount introduced by directors - 70,670
Amount withdrawn by directors (81,233 ) -
Share issue 100 -
Equity dividends paid (40,000 ) (50,000 )
Net cash from financing activities (4,018 ) 20,670

(Decrease)/increase in cash and cash equivalents (434,248 ) 12,284
Cash and cash equivalents at
beginning of year

2

1,009,428

997,144

Cash and cash equivalents at end of
year

2

575,180

1,009,428

RAJ CLUSTER LIMITED (Registered number: 06971966)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 30 June 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

Period
1.1.22
Year Ended to
30.6.24 30.6.23
£    £   
Profit before taxation 195,132 158,891
Depreciation charges 14,664 -
Loss on disposal of fixed assets - 3,984
Purchase of fixed asset investments 249,900 -
Finance costs 5,588 -
Finance income (5,703 ) (5,112 )
459,581 157,763
Decrease/(increase) in stocks 76,833 (129,878 )
Increase in trade and other debtors (25,687 ) (153,296 )
(Decrease)/increase in trade and other creditors (86,509 ) 138,707
Cash generated from operations 424,218 13,296

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 June 2024
30.6.24 1.7.23
£    £   
Cash and cash equivalents 575,180 1,009,428
Period ended 30 June 2023
30.6.23 1.1.22
£    £   
Cash and cash equivalents 1,009,428 997,144


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.23 Cash flow At 30.6.24
£    £    £   
Net cash
Cash at bank and in hand 1,009,428 (434,248 ) 575,180
1,009,428 (434,248 ) 575,180
Debt
Finance leases - (117,115 ) (117,115 )
- (117,115 ) (117,115 )
Total 1,009,428 (551,363 ) 458,065

RAJ CLUSTER LIMITED (Registered number: 06971966)

Notes to the Consolidated Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

RAJ CLUSTER 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 General 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" 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 10% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Consolidated 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.

RAJ CLUSTER LIMITED (Registered number: 06971966)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
Period
1.1.22
Year Ended to
30.6.24 30.6.23
£    £   
Wages and salaries 2,102,217 3,072,723
Social security costs 188,876 261,725
Other pension costs 61,833 122,613
2,352,926 3,457,061

The average number of employees during the year was as follows:
Period
1.1.22
Year Ended to
30.6.24 30.6.23

Director 1 1
Admin and operation 84 100
85 101

Period
1.1.22
Year Ended to
30.6.24 30.6.23
£    £   
Director's remuneration 48,746 75,038

RAJ CLUSTER LIMITED (Registered number: 06971966)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.1.22
Year Ended to
30.6.24 30.6.23
£    £   
Depreciation - owned assets 1,964 -
Depreciation - assets on hire purchase contracts 12,700 -
Loss on disposal of fixed assets - 3,984
Auditors' remuneration 11,200 10,000

5. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1.1.22
Year Ended to
30.6.24 30.6.23
£    £   
Hire purchase 5,588 -

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
Period
1.1.22
Year Ended to
30.6.24 30.6.23
£    £   
Current tax:
UK corporation tax 48,282 32,050
Tax on profit 48,282 32,050

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
Period
1.1.22
Year Ended to
30.6.24 30.6.23
£    £   
Ordinary shares of 1 each
Final 40,000 50,000

RAJ CLUSTER LIMITED (Registered number: 06971966)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

9. TANGIBLE FIXED ASSETS

Group
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
Additions 758 127,000 5,325 133,083
At 30 June 2024 758 127,000 5,325 133,083
DEPRECIATION
Charge for year 189 12,700 1,775 14,664
At 30 June 2024 189 12,700 1,775 14,664
NET BOOK VALUE
At 30 June 2024 569 114,300 3,550 118,419

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 127,000
At 30 June 2024 127,000
DEPRECIATION
Charge for year 12,700
At 30 June 2024 12,700
NET BOOK VALUE
At 30 June 2024 114,300

Company
Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 127,000 5,325 132,325
At 30 June 2024 127,000 5,325 132,325
DEPRECIATION
Charge for year 12,700 1,775 14,475
At 30 June 2024 12,700 1,775 14,475
NET BOOK VALUE
At 30 June 2024 114,300 3,550 117,850

RAJ CLUSTER LIMITED (Registered number: 06971966)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

9. TANGIBLE FIXED ASSETS - continued

Company

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 127,000
At 30 June 2024 127,000
DEPRECIATION
Charge for year 12,700
At 30 June 2024 12,700
NET BOOK VALUE
At 30 June 2024 114,300

10. FIXED ASSET INVESTMENTS

Company
30.6.24 30.6.23
£    £   
Shares in group undertakings 100 100
Loans to group undertakings 699,900 249,900
700,000 250,000

Additional information is as follows:

Company
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

Company
Loans to
group
undertakings
£   
At 1 July 2023 249,900
New in year 450,000
At 30 June 2024 699,900

RAJ CLUSTER LIMITED (Registered number: 06971966)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

11. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
Additions 701,480
At 30 June 2024 701,480
NET BOOK VALUE
At 30 June 2024 701,480

12. STOCKS

Group Company
30.6.24 30.6.23 30.6.24 30.6.23
£    £    £    £   
Finished goods 514,289 591,122 514,289 591,122

13. DEBTORS

Group Company
30.6.24 30.6.23 30.6.24 30.6.23
£    £    £    £   
Amounts falling due within one year:
Trade debtors 148,890 123,203 148,890 123,203
Other debtors 100,000 100,000 100,000 100,000
248,890 223,203 248,890 223,203

Amounts falling due after more than one year:
Amounts owed by group undertakings - 249,900 - -

Aggregate amounts 248,890 473,103 248,890 223,203

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.6.24 30.6.23 30.6.24 30.6.23
£    £    £    £   
Hire purchase contracts (see note 16) 28,108 - 28,108 -
Trade creditors 671,385 767,061 671,385 767,061
Tax 60,332 32,050 58,132 32,050
Social security and other taxes 168,842 171,476 168,842 171,476
Directors' loan accounts 289,239 370,472 289,239 370,472
Accrued expenses 21,801 10,000 20,000 10,000
1,239,707 1,351,059 1,235,706 1,351,059

RAJ CLUSTER LIMITED (Registered number: 06971966)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
30.6.24 30.6.23 30.6.24 30.6.23
£    £    £    £   
Hire purchase contracts (see note 16) 89,007 - 89,007 -

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 28,108 -
Between one and five years 89,007 -
117,115 -

Company
Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 28,108 -
Between one and five years 89,007 -
117,115 -

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 -

18. RESERVES

Group
Retained
earnings
£   

At 1 July 2023 722,594
Profit for the year 146,850
Dividends (40,000 )
At 30 June 2024 829,444

RAJ CLUSTER LIMITED (Registered number: 06971966)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024

18. RESERVES - continued

Company
Retained
earnings
£   

At 1 July 2023 722,594
Profit for the year 136,714
Dividends (40,000 )
At 30 June 2024 819,308


19. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 30 June 2024 the company owed £289,239 (2023: £370,472) to Raj Uthayaraj. These amounts are interest free and repayable on demand.

20. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2023 - £50,000) were paid to the director .

21. ULTIMATE CONTROLLING PARTY

The controlling party is R Uthayaraj.