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REGISTERED NUMBER: 10891498 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

RAYNOR STORES LIMITED

RAYNOR STORES LIMITED (REGISTERED NUMBER: 10891498)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

RAYNOR STORES LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: J.S. Pawar
Mrs R.K. Pawar
J S Pawar



REGISTERED OFFICE: 4 Raynor Road
Fallings Park
Wolverhampton
West Midlands
WV10 9QY



REGISTERED NUMBER: 10891498 (England and Wales)



ACCOUNTANTS: Bradley Rhodes Limited
Beechcroft House
50 Sedgley Road West
Tipton
West Midlands
DY4 8AB



BANKERS: Barclays Bank plc
Queens Square
Wolverhampton
West Midlands
WV1 1DS

RAYNOR STORES LIMITED (REGISTERED NUMBER: 10891498)

ABRIDGED BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 18,000
Tangible assets 5 11,979 15,579
26,979 33,579

CURRENT ASSETS
Stocks 76,980 94,570
Debtors 1,154 1,031
Cash at bank and in hand 30,129 49,422
108,263 145,023
CREDITORS
Amounts falling due within one year 31,255 69,877
NET CURRENT ASSETS 77,008 75,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,987

108,725

PROVISIONS FOR LIABILITIES 6 2,276 2,960
NET ASSETS 101,711 105,765

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 101,591 105,645
SHAREHOLDERS' FUNDS 101,711 105,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

RAYNOR STORES LIMITED (REGISTERED NUMBER: 10891498)

ABRIDGED BALANCE SHEET - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 March 2025 and were signed on its behalf by:





J.S. Pawar - Director


RAYNOR STORES LIMITED (REGISTERED NUMBER: 10891498)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Raynor Stores 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill relates to the amount paid in connection with the acquisition of a business in 2017 and is amortized at 10% on cost over ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.


RAYNOR STORES LIMITED (REGISTERED NUMBER: 10891498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

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.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 30,000
AMORTISATION
At 1 August 2023 12,000
Amortisation for year 3,000
At 31 July 2024 15,000
NET BOOK VALUE

At 31 July 2024 15,000
At 31 July 2023 18,000

RAYNOR STORES LIMITED (REGISTERED NUMBER: 10891498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 39,666
DEPRECIATION
At 1 August 2023 24,087
Charge for year 3,600
At 31 July 2024 27,687
NET BOOK VALUE
At 31 July 2024 11,979
At 31 July 2023 15,579

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,276 2,960

Deferred
tax
£   
Balance at 1 August 2023 2,960
Provided during year (684 )
Balance at 31 July 2024 2,276

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
120 Ordinary £1 120 120

RAYNOR STORES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
RAYNOR STORES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bradley Rhodes Limited
Beechcroft House
50 Sedgley Road West
Tipton
West Midlands
DY4 8AB


17 March 2025