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REGISTERED NUMBER: 04582389 (England and Wales)










RAYNOR TOOL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






RAYNOR TOOL SERVICES LIMITED (REGISTERED NUMBER: 04582389)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAYNOR TOOL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: R J Scarlett





SECRETARY: Miss J C Gwilt





REGISTERED OFFICE: Units 5-8 Maer Lane Industrial Estate
Market Drayton
Shropshire
TF9 1QS





REGISTERED NUMBER: 04582389 (England and Wales)





ACCOUNTANTS: Harvey Telford & Bates Chartered Accountants
10 Park Plaza
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3AF

RAYNOR TOOL SERVICES LIMITED (REGISTERED NUMBER: 04582389)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 12,648 16,863
Tangible assets 4 713,832 456,227
726,480 473,090

CURRENT ASSETS
Stocks 18,678 20,881
Debtors 5 208,266 162,559
Cash at bank and in hand 288,343 366,586
515,287 550,026
CREDITORS
Amounts falling due within one year 6 168,042 159,919
NET CURRENT ASSETS 347,245 390,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,073,725

863,197

CREDITORS
Amounts falling due after more than
one year

7

(181,391

)

(58,764

)

PROVISIONS FOR LIABILITIES (103,206 ) (44,473 )
NET ASSETS 789,128 759,960

RAYNOR TOOL SERVICES LIMITED (REGISTERED NUMBER: 04582389)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 789,028 759,860
SHAREHOLDERS' FUNDS 789,128 759,960

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 12 June 2025 and were signed by:





R J Scarlett - Director


RAYNOR TOOL SERVICES LIMITED (REGISTERED NUMBER: 04582389)

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

1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

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.

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 15% on reducing balance

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

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.


RAYNOR TOOL SERVICES LIMITED (REGISTERED NUMBER: 04582389)

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

1. ACCOUNTING POLICIES - continued
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 84,305
AMORTISATION
At 1 January 2024 67,442
Charge for year 4,215
At 31 December 2024 71,657
NET BOOK VALUE
At 31 December 2024 12,648
At 31 December 2023 16,863

RAYNOR TOOL SERVICES LIMITED (REGISTERED NUMBER: 04582389)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 261,171 832,323 1,093,494
Additions - 294,594 294,594
Disposals - (4,757 ) (4,757 )
At 31 December 2024 261,171 1,122,160 1,383,331
DEPRECIATION
At 1 January 2024 - 637,267 637,267
Charge for year - 35,025 35,025
Eliminated on disposal - (2,793 ) (2,793 )
At 31 December 2024 - 669,499 669,499
NET BOOK VALUE
At 31 December 2024 261,171 452,661 713,832
At 31 December 2023 261,171 195,056 456,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 162,026 156,429
Tax 29,077 -
VAT 10,290 -
Prepayments 6,873 6,130
208,266 162,559

RAYNOR TOOL SERVICES LIMITED (REGISTERED NUMBER: 04582389)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,656 12,290
Hire purchase contracts (see note 8) 28,385 -
Trade creditors 46,209 35,073
Tax - 36,135
Social security and other taxes 4,565 5,429
VAT - 44,577
Other creditors 55,333 791
Directors' loan accounts 18,127 22,895
Accrued expenses 2,767 2,729
168,042 159,919

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 46,107 52,934
Bank loans more 5 yr by instal - 5,830
Hire purchase contracts (see note 8) 135,284 -
181,391 58,764

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,830

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 28,385 -
Between one and five years 135,284 -
163,669 -

RAYNOR TOOL SERVICES LIMITED (REGISTERED NUMBER: 04582389)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 58,763 71,054
Hire purchase contracts 163,669 -
222,432 71,054