Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-10-01falsebuilding completion and finishing3246falsefalse 05934914 2023-10-01 2024-09-30 05934914 2022-10-01 2023-09-30 05934914 2024-09-30 05934914 2023-09-30 05934914 c:Director2 2023-10-01 2024-09-30 05934914 d:PlantMachinery 2023-10-01 2024-09-30 05934914 d:PlantMachinery 2024-09-30 05934914 d:PlantMachinery 2023-09-30 05934914 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05934914 d:MotorVehicles 2023-10-01 2024-09-30 05934914 d:MotorVehicles 2024-09-30 05934914 d:MotorVehicles 2023-09-30 05934914 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05934914 d:FurnitureFittings 2023-10-01 2024-09-30 05934914 d:FurnitureFittings 2024-09-30 05934914 d:FurnitureFittings 2023-09-30 05934914 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05934914 d:OfficeEquipment 2023-10-01 2024-09-30 05934914 d:OfficeEquipment 2024-09-30 05934914 d:OfficeEquipment 2023-09-30 05934914 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05934914 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05934914 d:CurrentFinancialInstruments 2024-09-30 05934914 d:CurrentFinancialInstruments 2023-09-30 05934914 d:Non-currentFinancialInstruments 2024-09-30 05934914 d:Non-currentFinancialInstruments 2023-09-30 05934914 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05934914 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05934914 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05934914 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05934914 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 05934914 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 05934914 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 05934914 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 05934914 d:ShareCapital 2024-09-30 05934914 d:ShareCapital 2023-09-30 05934914 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 05934914 d:RetainedEarningsAccumulatedLosses 2024-09-30 05934914 d:RetainedEarningsAccumulatedLosses 2023-09-30 05934914 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05934914 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05934914 c:OrdinaryShareClass1 2023-10-01 2024-09-30 05934914 c:OrdinaryShareClass1 2024-09-30 05934914 c:OrdinaryShareClass1 2023-09-30 05934914 c:FRS102 2023-10-01 2024-09-30 05934914 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05934914 c:FullAccounts 2023-10-01 2024-09-30 05934914 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05934914 2 2023-10-01 2024-09-30 05934914 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05934914









RAAM CONSTRUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
RAAM CONSTRUCTION LIMITED
REGISTERED NUMBER: 05934914

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
37,295
59,750

Current assets
  

Stocks
 5 
192,856
175,275

Debtors: amounts falling due within one year
 6 
2,605,743
2,200,766

Cash at bank and in hand
  
440,388
676,632

  
3,238,987
3,052,673

Creditors: amounts falling due within one year
 7 
(1,916,048)
(1,618,426)

Net current assets
  
 
 
1,322,939
 
 
1,434,247

Total assets less current liabilities
  
1,360,234
1,493,997

Creditors: amounts falling due after more than one year
 8 
(9,059)
(19,100)

Provisions for liabilities
  

Deferred tax
 10 
(1,525)
(10,606)

  
 
 
(1,525)
 
 
(10,606)

Net assets
  
1,349,650
1,464,291


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Profit and loss account
 12 
1,348,650
1,463,291

  
1,349,650
1,464,291


Page 1

 
RAAM CONSTRUCTION LIMITED
REGISTERED NUMBER: 05934914
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 March 2025.




M Kolodziejczyk
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
RAAM CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Raam Construction Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registration number is 05934914. The registered office is Unit 8 Queensway, Enfield, EN3 4SB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
RAAM CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
RAAM CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight line
Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
25%
Straight line
Computer equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Page 5

 
RAAM CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of income and retained earnings.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 32 (2023 - 46).

Page 6

 
RAAM CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
30,430
125,048
30,240
15,050
200,768


Additions
625
-
2,744
2,915
6,284


Disposals
-
(8,347)
-
-
(8,347)



At 30 September 2024

31,055
116,701
32,984
17,965
198,705



Depreciation


At 1 October 2023
30,156
86,385
17,240
7,237
141,018


Charge for the year on owned assets
259
11,243
6,486
4,491
22,479


Disposals
-
(2,087)
-
-
(2,087)



At 30 September 2024

30,415
95,541
23,726
11,728
161,410



Net book value



At 30 September 2024
640
21,160
9,258
6,237
37,295



At 30 September 2023
274
38,663
13,000
7,813
59,750


5.


Stocks

2024
2023
£
£

Work in progress
192,856
175,275

192,856
175,275


Page 7

 
RAAM CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,551,993
1,936,742

Other debtors
63,914
3,581

Prepayments and accrued income
989,836
260,443

2,605,743
2,200,766



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
813,158
715,349

Amounts owed to group undertakings
233,843
-

Corporation tax
283,473
223,192

Other taxation and social security
286,858
385,802

Other creditors
204,881
214,083

Accruals and deferred income
83,835
70,000

1,916,048
1,618,426



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,059
19,100

9,059
19,100


Page 8

 
RAAM CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
9,059
10,000

Amounts falling due 2-5 years

Bank loans
-
9,100


19,059
29,100



10.


Deferred taxation




2024


£






At beginning of year
(10,606)


Charged to profit or loss
9,081



At end of year
(1,525)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,525)
(10,606)

(1,525)
(10,606)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1 each
1,000
1,000


Page 9

 
RAAM CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Reserves

Profit and loss account

The profit and loss account comprises of accumulated profits and losses, less dividends and other adjustments.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £13,729 (2023 - £17,379). Contributions totalling £309 (2023 - £4,333) were payable to the fund at the reporting date and are included in creditors.


14.


Related party transactions

The Company has taken advantage of the exemption, under FRS 102 paragraph 1.12 and paragraph 33.1A from from disclosing other related party transactions as they are with other companies that are wholly owned within the Group.
Included within other debtors are amounts due from the directors of £nil 
(2023 - £10,786 due to).


15.


Controlling party

The controlling party of the company are its directors by virtue of majority shareholdings in RAAM Group Limited the 100% parent company.

 
Page 10