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REGISTERED NUMBER: 03414378 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Ray Cole Doors Limited

Ray Cole Doors Limited (Registered number: 03414378)






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


Ray Cole Doors Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr R J Cole
Mrs J Cole





SECRETARY: Mrs J Cole





REGISTERED OFFICE: Unit 1 George Street
Barwell
Leicestershire
LE9 8GN





REGISTERED NUMBER: 03414378 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

Ray Cole Doors Limited (Registered number: 03414378)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,364 9,687

CURRENT ASSETS
Stocks 20,500 1,500
Debtors 5 47,646 35,000
Cash at bank 23,929 9,671
92,075 46,171
CREDITORS
Amounts falling due within one year 6 59,760 30,128
NET CURRENT ASSETS 32,315 16,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,679

25,730

PROVISIONS FOR LIABILITIES 1,589 1,841
NET ASSETS 39,090 23,889

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 39,088 23,887
SHAREHOLDERS' FUNDS 39,090 23,889

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.

Ray Cole Doors Limited (Registered number: 03414378)

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 10 April 2025 and were signed on its behalf by:




Mr R J Cole - Director



Mrs J Cole - Director


Ray Cole Doors Limited (Registered number: 03414378)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Ray Cole Doors 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.

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 - 25% on reducing balance and 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 4 (2023 - 4 ) .

Ray Cole Doors Limited (Registered number: 03414378)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 35,674
Additions 1,258
At 31 July 2024 36,932
DEPRECIATION
At 1 August 2023 25,987
Charge for year 2,581
At 31 July 2024 28,568
NET BOOK VALUE
At 31 July 2024 8,364
At 31 July 2023 9,687

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 45,479 34,480
Other debtors 80 -
Prepayments 2,087 520
47,646 35,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 46,183 8,984
Tax 4,833 3,268
Social security and other taxes 695 804
VAT 4,641 6,659
Other creditors 685 797
Directors' current accounts 1,843 8,691
Accrued expenses 880 925
59,760 30,128

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2023 - £4,000) were paid to the directors .

Ray Cole Doors Limited (Registered number: 03414378)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. CONTROLLING INTEREST

The company is under the control of R J Cole who together with his wife, owns 100% of the issued share capital.