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Registration number: 14824493

Raw Drainage Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2025

 

Raw Drainage Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Raw Drainage Ltd

Company Information

Directors

Mr Trevor Williams

Mr Shaun Russell

Registered office

Unit 10 Chettisham Park
Lynn Road
Chettisham, Ely
Cambridgeshire
CB6 1RY

Accountants

Mrs Victoria Anne Cooper
Red Shoes Accounting Services
Unit 7 E-Space North
181 Wisbech Road
Littleport
Cambridgeshire
CB6 1RA

 

Raw Drainage Ltd

(Registration number: 14824493)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

148,258

197,674

Tangible assets

5

263,894

163,658

 

412,152

361,332

Current assets

 

Debtors

6

258,565

224,256

Cash at bank and in hand

 

119,844

118,559

 

378,409

342,815

Creditors: Amounts falling due within one year

7

(235,317)

(212,047)

Net current assets

 

143,092

130,768

Total assets less current liabilities

 

555,244

492,100

Creditors: Amounts falling due after more than one year

7

(449,417)

(421,668)

Provisions for liabilities

(62,222)

(28,607)

Net assets

 

43,605

41,825

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

43,505

41,725

Shareholders' funds

 

43,605

41,825

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Raw Drainage Ltd

(Registration number: 14824493)
Balance Sheet as at 30 April 2025

Approved and authorised by the Board on 23 June 2025 and signed on its behalf by:
 

Mr Trevor Williams
Director

   
     
 

Raw Drainage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 10 Chettisham Park
Lynn Road
Chettisham, Ely
Cambridgeshire
CB6 1RY

These financial statements were authorised for issue by the Board on 23 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Raw Drainage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Raw Drainage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Raw Drainage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 12).

 

Raw Drainage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 May 2024

247,094

247,094

At 30 April 2025

247,094

247,094

Amortisation

At 1 May 2024

49,420

49,420

Amortisation charge

49,416

49,416

At 30 April 2025

98,836

98,836

Carrying amount

At 30 April 2025

148,258

148,258

At 30 April 2024

197,674

197,674

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2024

-

154,000

34,365

188,365

Additions

2,200

144,212

15,581

161,993

Disposals

-

-

(347)

(347)

At 30 April 2025

2,200

298,212

49,599

350,011

Depreciation

At 1 May 2024

-

20,333

4,374

24,707

Charge for the year

356

49,910

11,173

61,439

Eliminated on disposal

-

-

(29)

(29)

At 30 April 2025

356

70,243

15,518

86,117

Carrying amount

At 30 April 2025

1,844

227,969

34,081

263,894

At 30 April 2024

-

133,667

29,991

163,658

 

Raw Drainage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6

Debtors

Current

2025
£

2024
£

Trade debtors

247,932

221,647

Prepayments

10,633

2,609

 

258,565

224,256

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

55,865

65,000

Trade creditors

 

98,634

83,809

Taxation and social security

 

70,125

54,075

Accruals and deferred income

 

1,575

1,500

Other creditors

 

9,118

7,663

 

235,317

212,047

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

449,417

421,668


The loan is secured by a fixed and floating charge over the company's assets.

 

Raw Drainage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A of £1 each

90

90

100

100

Ordinary B of £1 (2024 - £0) each

5

5

-

-

Ordinary C of £1 (2024 - £0) each

5

5

-

-

100

100

100

100

9

Related party transactions

At the period end, the company owed the directors £734 (2024 - £1,007) by way of an interest free loan.