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Registered number: 14205211
Raysong Limited
Financial Statements
For The Year Ended 30 June 2024
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
Office 015
30 Great Guildford Street
Borough, London
SE1 0HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14205211
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,183 11,520
10,183 11,520
CURRENT ASSETS
Stocks 5 32,000 32,000
Cash at bank and in hand 973 11,151
32,973 43,151
Creditors: Amounts Falling Due Within One Year 6 (223,472 ) (147,147 )
NET CURRENT ASSETS (LIABILITIES) (190,499 ) (103,996 )
TOTAL ASSETS LESS CURRENT LIABILITIES (180,316 ) (92,476 )
NET LIABILITIES (180,316 ) (92,476 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (180,416 ) (92,576 )
SHAREHOLDERS' FUNDS (180,316) (92,476)
Page 1
Page 2
For the year ending 30 June 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Wai Yip Ng
Director
20 June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Raysong Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14205211 . The registered office is Office 015, 30 Great Guildford Street, Borough, London, SE1 0HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2023 15,360
Additions 2,057
As at 30 June 2024 17,417
Depreciation
As at 1 July 2023 3,840
Provided during the period 3,394
As at 30 June 2024 7,234
Net Book Value
As at 30 June 2024 10,183
As at 1 July 2023 11,520
5. Stocks
2024 2023
£ £
Stock 32,000 32,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,957 -
VAT 869 120
Other creditors 14,608 14,608
Accruals and deferred income 26,834 2,971
Directors' loan accounts 178,204 129,448
223,472 147,147
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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