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REGISTERED NUMBER: 01638665 (England and Wales)










RAVEN WASTE PAPER COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






RAVEN WASTE PAPER COMPANY LIMITED (REGISTERED NUMBER: 01638665)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAVEN WASTE PAPER COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: M J Baker
M D Baker





SECRETARY: Mrs C Baker





REGISTERED OFFICE: Units 8-9 Endeavour Way
Beddington Farm Road
Croydon
Surrey
CR0 4TR





REGISTERED NUMBER: 01638665 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

RAVEN WASTE PAPER COMPANY LIMITED (REGISTERED NUMBER: 01638665)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 167,819 223,042
Investments 6 100 100
167,919 223,142

CURRENT ASSETS
Debtors 7 832,050 839,340
Cash at bank 45,532 20,294
877,582 859,634
CREDITORS
Amounts falling due within one year 8 394,458 395,590
NET CURRENT ASSETS 483,124 464,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,043

687,186

CREDITORS
Amounts falling due after more than one
year

9

11,716

31,801
NET ASSETS 639,327 655,385

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 638,327 654,385
SHAREHOLDERS' FUNDS 639,327 655,385

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

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

RAVEN WASTE PAPER COMPANY LIMITED (REGISTERED NUMBER: 01638665)

BALANCE SHEET - continued
31 AUGUST 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 7 April 2025 and were signed on its behalf by:





M J Baker - Director


RAVEN WASTE PAPER COMPANY LIMITED (REGISTERED NUMBER: 01638665)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Raven Waste Paper Company 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Raven Waste Paper Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery - 20% on cost and 10% on cost
Motor vehicles - 20% on cost
Office equipment - 20% on cost

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

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.

RAVEN WASTE PAPER COMPANY LIMITED (REGISTERED NUMBER: 01638665)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 778,508 968,000 18,321 1,764,829
DEPRECIATION
At 1 September 2023 575,833 948,863 17,091 1,541,787
Charge for year 38,026 16,787 410 55,223
At 31 August 2024 613,859 965,650 17,501 1,597,010
NET BOOK VALUE
At 31 August 2024 164,649 2,350 820 167,819
At 31 August 2023 202,675 19,137 1,230 223,042

RAVEN WASTE PAPER COMPANY LIMITED (REGISTERED NUMBER: 01638665)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 September 2023
and 31 August 2024 66,950
DEPRECIATION
At 1 September 2023 5,021
Charge for year 6,695
At 31 August 2024 11,716
NET BOOK VALUE
At 31 August 2024 55,234
At 31 August 2023 61,929

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 100
NET BOOK VALUE
At 31 August 2024 100
At 31 August 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 114,144 149,488
Amounts owed by group undertakings 676,498 666,277
Prepayments and accrued income 41,408 23,575
832,050 839,340

RAVEN WASTE PAPER COMPANY LIMITED (REGISTERED NUMBER: 01638665)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 17,436
Hire purchase contracts 20,085 20,085
Trade creditors 86,509 82,217
Social security and other taxes 9,892 21,076
VAT 21,657 18,195
Other creditors 10,095 1,610
Directors' current accounts 239,071 229,071
Accruals and deferred income 7,149 5,900
394,458 395,590

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 11,716 31,801

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included under other creditors, an amount of £116,270 (2023: £116,270) owed to M J Baker and an amount of £122,801 (2023: £112,801) owed to M D Baker. Both are directors and shareholders of the company. These are interest free loan and payable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.