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REGISTERED NUMBER: 06837643















RAICAM CLUTCH LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024






RAICAM CLUTCH LIMITED (REGISTERED NUMBER: 06837643)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAICAM CLUTCH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr N Di Sipio
M Di Sipio
P Di Sipio


REGISTERED OFFICE: Unit 8 Colemeadow Road
Moons Moat North Industrial Estate
Redditch
Worcestershire
B98 9PB


REGISTERED NUMBER: 06837643


SENIOR STATUTORY AUDITOR: Richard James Beresford FCCA


INDEPENDENT AUDITORS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP


BANKERS: Lloyds Bank PLC
Cheapside Branch
70-71 Cheapside
London
EC2V 6EN

RAICAM CLUTCH LIMITED (REGISTERED NUMBER: 06837643)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,244 11,542
Tangible assets 5 739,683 734,489
Investments 6 667,059 667,059
1,414,986 1,413,090

CURRENT ASSETS
Stocks 672,452 729,272
Debtors 7 980,192 630,662
Cash at bank and in hand 698,174 801,232
2,350,818 2,161,166
CREDITORS
Amounts falling due within one year 8 305,515 434,339
NET CURRENT ASSETS 2,045,303 1,726,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,460,289

3,139,917

CAPITAL AND RESERVES
Called up share capital 11 3 3
Share premium 2,519,888 2,519,888
Retained earnings 940,398 620,026
SHAREHOLDERS' FUNDS 3,460,289 3,139,917

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 Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





Mr N Di Sipio - Director


RAICAM CLUTCH LIMITED (REGISTERED NUMBER: 06837643)

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


1. STATUTORY INFORMATION

Raicam Clutch Limited is a private company limited by shares, incorporated in England and Wales and domiciled in England. The registered office and company number is included on the company information page.

The financial statements are prepared in GBP, which is considered to be the functional currency of the company, and are rounded to the nearest £1.

2. 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.

Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on the following basis:

Software - 20%-33% straight line

All intangible assets are considered to have a finite useful life. The amortisation period is considered to be a fair reflection of the useful economic life of the asset.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% Straight line
Plant and machinery - 20% Straight line
Fixtures and fittings - 20% Straight line
Motor vehicles - 33% Straight line
Office Equipment - 20% Straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less accumulated impairment.

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.


RAICAM CLUTCH LIMITED (REGISTERED NUMBER: 06837643)

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


2. 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 130,156
AMORTISATION
At 1 January 2024 118,614
Amortisation for year 3,298
At 31 December 2024 121,912
NET BOOK VALUE
At 31 December 2024 8,244
At 31 December 2023 11,542

RAICAM CLUTCH LIMITED (REGISTERED NUMBER: 06837643)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 768,600 238,225 5,195
Additions - - 618
Disposals - (18,170 ) -
At 31 December 2024 768,600 220,055 5,813
DEPRECIATION
At 1 January 2024 79,806 202,350 476
Charge for year 10,761 17,993 1,152
Eliminated on disposal - (18,170 ) -
At 31 December 2024 90,567 202,173 1,628
NET BOOK VALUE
At 31 December 2024 678,033 17,882 4,185
At 31 December 2023 688,794 35,875 4,719

Motor Office
vehicles Equipment Totals
£    £    £   
COST
At 1 January 2024 57,439 15,258 1,084,717
Additions 35,607 2,539 38,764
Disposals (34,319 ) - (52,489 )
At 31 December 2024 58,727 17,797 1,070,992
DEPRECIATION
At 1 January 2024 57,439 10,157 350,228
Charge for year 1,978 1,686 33,570
Eliminated on disposal (34,319 ) - (52,489 )
At 31 December 2024 25,098 11,843 331,309
NET BOOK VALUE
At 31 December 2024 33,629 5,954 739,683
At 31 December 2023 - 5,101 734,489

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 667,059
NET BOOK VALUE
At 31 December 2024 667,059
At 31 December 2023 667,059

RAICAM CLUTCH LIMITED (REGISTERED NUMBER: 06837643)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 806,724 567,471
Amounts owed by group undertakings 112,831 7,190
Other debtors 60,637 56,001
980,192 630,662

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 103,215 195,238
Amounts owed to group undertakings 41,545 50,223
Taxation and social security 123,158 91,050
Other creditors 37,597 97,828
305,515 434,339

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 6,547 6,687
Between one and five years 6,687 10,913
13,234 17,600

10. SECURED DEBTS

On 22 September 2022 a negative pledge and a fixed floating charge (covering the cash account of the company) was created in favour of Lloyds Bank PLC.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
3 Ordinary 1 3 3

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard James Beresford FCCA (Senior Statutory Auditor)
for and on behalf of Charles Lovell & Co Limited

RAICAM CLUTCH LIMITED (REGISTERED NUMBER: 06837643)

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


13. RELATED PARTY DISCLOSURES

During the year the company had net purchases of £1,654.72 (2023: £1,597.13) from Elisa S.r.l the ultimate parent company. The company owed to Elisa S.r.l £893.92 (2023: £904.16) at the balance sheet date.

During the year the company had net sales to Raicam Industrie S.r.l, the parent company of £Nil (2023: £579.15) and purchases of £41,268.40 (2023: £60,355.79). The company owed to Raicam Industrie S.r.l £8,492.38 (2023: £2,440.14) at the balance sheet date.

During the year the company has net sales to Raicam Driveline S.r.l, an associated company, of £445,210.02 (2023: £70,486.17) and purchases of £600,341.69 (2023: £780,096.84). The company was owed from Raicam Driveline S.r.l £80,672.97 (2023: The company owed Raicam Driveline S.r.l £39,656.69) at the balance sheet date.

14. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Raicam Industrie S.r.l., a company incorporated in Italy.

The company's ultimate parent undertaking and ultimate controlling party is Elisa S.r.l, a company incorporated in Italy. Copies of the consolidated financial statements are available from Via Teramo 5, Manoppello Scalo (PE), 65025 Italy.