Company Registration No. 01546492 (England and Wales)
Denis Rawlins Limited
Unaudited accounts
for the year ended 31 August 2024
Denis Rawlins Limited
Unaudited accounts
Contents
Denis Rawlins Limited
Company Information
for the year ended 31 August 2024
Directors
Werner Du Plessis
John Tranor
Nigel Cotterill
Company Number
01546492 (England and Wales)
Registered Office
Denis Rawlins Ltd
Quatro House
Lyon Way, Frimley
Camberley
Surrey
GU16 7ER
England
Denis Rawlins Limited
Statement of financial position
as at 31 August 2024
Tangible assets
18,025
37,429
Inventories
216,200
241,679
Cash at bank and in hand
8,449
9,497
Creditors: amounts falling due within one year
(210,209)
(174,548)
Net current assets
571,050
660,685
Net assets
589,075
698,114
Called up share capital
760
760
Capital redemption reserve
500
500
Profit and loss account
587,815
696,854
Shareholders' funds
589,075
698,114
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by
Werner Du Plessis
Director
Company Registration No. 01546492
Denis Rawlins Limited
Notes to the Accounts
for the year ended 31 August 2024
Denis Rawlins Limited is a private company, limited by shares, registered in England and Wales, registration number 01546492. The registered office is Denis Rawlins Ltd, Quatro House, Lyon Way, Frimley, Camberley, Surrey, GU16 7ER, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on the going concern basis, which assumes that the company continues to receive director support to meet its liabilities as they fall due.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year. Revenue is recognised on the sale of goods when the goods are delivered and title has passed.
Tangible fixed assets and depreciation
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & fittings
20% per annum straight line or over remaining length of lease straight line
Computer equipment
33% per annum straight line
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is the average cost of the stock held at the balance sheet date. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying value is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit before tax.
Transactions denominated in foreign currencies (primarily purchases from overseas suppliers) are initially recorded at the rate of exchange as at the date of the transaction. Year end assets and liabilities are retranslated at the rate of exchange as at the year end with exchange differences included in arriving at profit before tax.
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.
Trade debtors subject to invoice discounting are included on the balance sheet within trade debtors. The proceeds received from the invoice discounting provider are included as secured liabilities. Invoice discounting charges are recognised as they accrue and included within administration costs and interest payable as appropriate.
Denis Rawlins Limited
Notes to the Accounts
for the year ended 31 August 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.
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Tangible fixed assets
Computer equipment
At 1 September 2023
229,667
At 1 September 2023
192,238
Charge for the year
26,470
Amounts falling due after more than one year
Trade debtors
33,598
155,268
Amounts due from group undertakings etc.
414,318
414,554
Accrued income and prepayments
5,501
10,424
Other debtors
103,193
3,811
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,790
6,722
Trade creditors
117,752
80,192
Taxes and social security
35,045
78,332
The company has granted a fixed and floating charge on its assets to secure the loans and overdrafts.
The company operates a defined contribution scheme for its employees. At the balance sheet date, unpaid contributions of £0 (2023: £3,736 ) were due to the fund. These are included in other creditors.
Denis Rawlins Limited
Notes to the Accounts
for the year ended 31 August 2024
8
Transactions with related parties
The following material related party transactions have not been conducted under normal market conditions:
The amounts owed by group undertakings of £414,318 (2023: £414,554) to Mats4U the Company's parent company and the prior year comprise loans to the company's former immediate holding company, Quaystone Investments Ltd. This balance is repayable on demand and is not chargeable to interest.
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Average number of employees
During the year the average number of employees was 3 (2023: 14).