Registered number
08216707
Ramptons Limited
Filleted Accounts
30 September 2024
Ramptons Limited
Registered number: 08216707
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 8,838 12,812
Current assets
Debtors 5 162,574 138,578
Cash at bank and in hand 166,446 126,151
329,020 264,729
Creditors: amounts falling due within one year 6 (162,692) (132,068)
Net current assets 166,328 132,661
Total assets less current liabilities 175,166 145,473
Creditors: amounts falling due after more than one year 7 (29,599) (35,235)
Provisions for liabilities (1,156) (1,156)
Net assets 144,411 109,082
Capital and reserves
Called up share capital 103 103
Share premium 23,954 23,954
Profit and loss account 120,354 85,025
Shareholders' funds 144,411 109,082
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G Rampton
Director
Approved by the board on 24 April 2025
Ramptons Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on net book value
Fixtures, fittings, tools and equipment 33% on net book value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 245,060
At 30 September 2024 245,060
Amortisation
At 1 October 2023 245,060
At 30 September 2024 245,060
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 59,418
Additions 354
At 30 September 2024 59,772
Depreciation
At 1 October 2023 46,606
Charge for the year 4,328
At 30 September 2024 50,934
Net book value
At 30 September 2024 8,838
At 30 September 2023 12,812
5 Debtors 2024 2023
£ £
Other debtors 162,574 138,578
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,640 5,556
Taxation and social security costs 88,398 51,836
Other creditors 68,654 74,676
162,692 132,068
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 29,599 35,235
8 Loans to participators
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr G Rampton
[Loan 1] 74,584 72,870 (72,000) 75,454
Mr D Butler
[Loan 1] 39,722 130,793 (131,000) 39,515
Mrs K Trayhorn
[Loan 1] (1,777) 7,216 (9,000) (3,561)
Mrs K Rampton
[Loan 1] 48,833 42,573 (43,800) 47,606
161,362 253,452 (255,800) 159,014
9 Other information
Ramptons Limited is a private company limited by shares and incorporated in England. Its registered office is:
3700 The Parkway, Solent Business Park
Whiteley
Fareham
Hampshire
PO15 7AW
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