IRIS Accounts Production v25.1.0.734 05058857 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050588572023-07-31050588572024-07-31050588572023-08-012024-07-31050588572022-07-31050588572022-08-012023-07-31050588572023-07-3105058857ns14:PoundSterling2023-08-012024-07-3105058857ns10:Director12023-08-012024-07-3105058857ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3105058857ns10:SmallEntities2023-08-012024-07-3105058857ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3105058857ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3105058857ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105058857ns10:FullAccounts2023-08-012024-07-310505885712023-08-012024-07-3105058857ns10:Director22023-08-012024-07-3105058857ns10:CompanySecretary12023-08-012024-07-3105058857ns10:RegisteredOffice2023-08-012024-07-3105058857ns5:CurrentFinancialInstruments2024-07-3105058857ns5:CurrentFinancialInstruments2023-07-3105058857ns5:Non-currentFinancialInstruments2024-07-3105058857ns5:Non-currentFinancialInstruments2023-07-3105058857ns5:ShareCapital2024-07-3105058857ns5:ShareCapital2023-07-3105058857ns5:RetainedEarningsAccumulatedLosses2024-07-3105058857ns5:RetainedEarningsAccumulatedLosses2023-07-3105058857ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3105058857ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-012024-07-3105058857ns5:PlantMachinery2023-08-012024-07-3105058857ns5:IntangibleAssetsOtherThanGoodwill2023-07-3105058857ns5:IntangibleAssetsOtherThanGoodwill2024-07-3105058857ns5:IntangibleAssetsOtherThanGoodwill2023-07-3105058857ns5:PlantMachinery2023-07-3105058857ns5:PlantMachinery2024-07-3105058857ns5:PlantMachinery2023-07-3105058857ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3105058857ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31
REGISTERED NUMBER: 05058857



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

RONALD CHARLES ASSOCIATES LIMITED

RONALD CHARLES ASSOCIATES LIMITED (REGISTERED NUMBER: 05058857)






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


RONALD CHARLES ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R C Irani
Mrs L A Irani





SECRETARY: Mrs L A Irani





REGISTERED OFFICE: Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG





REGISTERED NUMBER: 05058857





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

RONALD CHARLES ASSOCIATES LIMITED (REGISTERED NUMBER: 05058857)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 75,422 114,772
Tangible assets 5 7,130 3,264
Investments 6 15,305 60,000
97,857 178,036

CURRENT ASSETS
Debtors 7 300,274 508,577
Cash in hand 58,360 314,985
358,634 823,562
CREDITORS
Amounts falling due within one year 8 185,222 420,777
NET CURRENT ASSETS 173,412 402,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,269

580,821

CREDITORS
Amounts falling due after more than
one year

9

-

87,173
NET ASSETS 271,269 493,648

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 271,267 493,646
SHAREHOLDERS' FUNDS 271,269 493,648

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.

RONALD CHARLES ASSOCIATES LIMITED (REGISTERED NUMBER: 05058857)

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 23 April 2025 and were signed on its behalf by:





R C Irani - Director


RONALD CHARLES ASSOCIATES LIMITED (REGISTERED NUMBER: 05058857)

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

1. STATUTORY INFORMATION

Ronald Charles Associates Limited is a private company, limited by shares , registered in Not specified/Other. 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. 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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 - Straight line over 5 years

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.

RONALD CHARLES ASSOCIATES LIMITED (REGISTERED NUMBER: 05058857)

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

2. ACCOUNTING POLICIES - continued

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 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 196,751
AMORTISATION
At 1 August 2023 81,979
Charge for year 39,350
At 31 July 2024 121,329
NET BOOK VALUE
At 31 July 2024 75,422
At 31 July 2023 114,772

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 28,526
Additions 5,433
At 31 July 2024 33,959
DEPRECIATION
At 1 August 2023 25,262
Charge for year 1,567
At 31 July 2024 26,829
NET BOOK VALUE
At 31 July 2024 7,130
At 31 July 2023 3,264

RONALD CHARLES ASSOCIATES LIMITED (REGISTERED NUMBER: 05058857)

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

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 15,305 60,000

As at 31 July 2024, the company has an investment in Athena Pacific Limited and Owl Professional Services Limited. The company disposed of the investments on 26 September 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 242,934 356,423
Other debtors 57,340 152,154
300,274 508,577

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,189 332
Taxation and social security 2,426 189,728
Other creditors 177,607 230,717
185,222 420,777

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 87,173

10. RELATED PARTY DISCLOSURES

Athena Pacific Ltd is a related party due to it having common directors and shareholders. At the balance sheet date Athena Pacific Ltd owed Ronald Charles Associates Ltd £Nil (2023: £149,504) .

Loans are interest free and repayable on demand.