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REGISTERED NUMBER: 05183011 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

RAISED FLOOR SYSTEMS LIMITED

RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAISED FLOOR SYSTEMS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: J Hudson
M C Clements
A Clements
S Daly





SECRETARY: M C Clements





REGISTERED OFFICE: Units 3-4
Henlow Industrial Estate
Henlow
Bedfordshire
SG16 6DS





REGISTERED NUMBER: 05183011 (England and Wales)





ACCOUNTANTS: Hillier Hopkins Accountants Limited
Trading as Colin Gray & Co
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,872 20,772

CURRENT ASSETS
Stocks 12,500 20,000
Debtors 5 358,517 520,732
Cash at bank and in hand 166,803 205,928
537,820 746,660
CREDITORS
Amounts falling due within one year 6 304,376 459,260
NET CURRENT ASSETS 233,444 287,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,316

308,172

CREDITORS
Amounts falling due after more than one
year

7

(25,000

)

(56,017

)

PROVISIONS FOR LIABILITIES (2,811 ) (3,947 )
NET ASSETS 220,505 248,208

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 219,505 247,208
SHAREHOLDERS' FUNDS 220,505 248,208

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.

RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)

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.

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 1 April 2025 and were signed on its behalf by:





J Hudson - Director


RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)

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

1. STATUTORY INFORMATION

Raised Floor Systems 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 represents the value of work carried out, excluding value added tax.

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 etc - 33% on cost and 25% on reducing balance

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.

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 the profit and loss account as incurred.

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.

Government grants
Grants relating to revenue are recognised as income in the period in which the related costs are incurred for which the grant is intended to compensate.

RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 88,628
DEPRECIATION
At 1 August 2023 67,856
Charge for year 5,900
At 31 July 2024 73,756
NET BOOK VALUE
At 31 July 2024 14,872
At 31 July 2023 20,772

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 119,496 235,618
Other debtors 239,021 285,114
358,517 520,732

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts - 3,689
Trade creditors 205,506 313,985
Amounts owed to group undertakings 7,436 5,671
Taxation and social security 13,828 55,341
Other creditors 47,606 50,574
304,376 459,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 25,000 55,000
Hire purchase contracts - 1,017
25,000 56,017

RAISED FLOOR SYSTEMS LIMITED (REGISTERED NUMBER: 05183011)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 4,706