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REGISTERED NUMBER: 04670555 (England and Wales)














RAMASIS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






RAMASIS LIMITED (REGISTERED NUMBER: 04670555)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAMASIS LIMITED

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2024







DIRECTORS: M J Daly
J Pearse
P D Daly
S Forrester





SECRETARY:





REGISTERED OFFICE: 167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH





REGISTERED NUMBER: 04670555 (England and Wales)





AUDITORS: Brindley Millen Limited
Statutory Auditors
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

RAMASIS LIMITED (REGISTERED NUMBER: 04670555)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,721 76,810
43,721 76,810

CURRENT ASSETS
Debtors 6 822,764 274,113
Cash at bank 4,195,238 5,762,939
5,018,002 6,037,052
CREDITORS
Amounts falling due within one year 7 2,281,800 4,011,405
NET CURRENT ASSETS 2,736,202 2,025,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,779,923

2,102,457

CAPITAL AND RESERVES
Called up share capital 938 938
Share premium 7,942 7,942
Capital redemption reserve 100 100
Retained earnings 2,770,943 2,093,477
SHAREHOLDERS' FUNDS 2,779,923 2,102,457

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 29 July 2025 and were signed on its behalf by:





M J Daly - Director


RAMASIS LIMITED (REGISTERED NUMBER: 04670555)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2024

1. STATUTORY INFORMATION

Ramasis Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of eight 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 25% on cost

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.

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.


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.

RAMASIS LIMITED (REGISTERED NUMBER: 04670555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amounts. Prepayments are valued at the amount prepaid.

Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts, and deposit bank accounts with no withdrawal limitations.

Creditors
Creditors are recognised where the company has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 57 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 189,486
AMORTISATION
At 1 November 2023
and 31 October 2024 189,486
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 7,207 49,200 78,118 134,525
Additions - 592 - 592
At 31 October 2024 7,207 49,792 78,118 135,117
DEPRECIATION
At 1 November 2023 6,777 36,050 14,888 57,715
Charge for year 153 12,450 21,078 33,681
At 31 October 2024 6,930 48,500 35,966 91,396
NET BOOK VALUE
At 31 October 2024 277 1,292 42,152 43,721
At 31 October 2023 430 13,150 63,230 76,810

RAMASIS LIMITED (REGISTERED NUMBER: 04670555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 195,728 189,224
Amounts owed by group undertakings 512,000 -
Tax 43,176 13,956
Prepayments 71,860 70,933
822,764 274,113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 840,927 1,351,191
Amounts owed to group undertakings 1,414,073 1,419,473
Accrued expenses 26,800 1,240,741
2,281,800 4,011,405

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

The Report of the Auditors was unqualified.

Maurice Brindley (Senior Statutory Auditor)
for and on behalf of Brindley Millen Limited

9. RELATED PARTY DISCLOSURES

The company is a subsidiary of Daly Holdings Limited.

Monies due to parent company £ 1,414,073 (2023 £ 1,419,473 )

There was rent received from companies under common control of£140,000 (2023 £80,000)

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Daly.

11. ULTIMATE PARENT COMPANY

The company is a subsidiary of Daly Holdings Limited. The ultimate holding company is MJD Corporate Holdings Limited.