IRIS Accounts Production v25.2.0.378 07637078 director 1.6.24 31.5.25 31.5.25 false true false false false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076370782024-05-31076370782025-05-31076370782024-06-012025-05-31076370782023-05-31076370782023-06-012024-05-31076370782024-05-3107637078ns15:EnglandWales2024-06-012025-05-3107637078ns14:PoundSterling2024-06-012025-05-3107637078ns10:Director12024-06-012025-05-3107637078ns10:PrivateLimitedCompanyLtd2024-06-012025-05-3107637078ns10:SmallEntities2024-06-012025-05-3107637078ns10:AuditExempt-NoAccountantsReport2024-06-012025-05-3107637078ns10:SmallCompaniesRegimeForDirectorsReport2024-06-012025-05-3107637078ns10:SmallCompaniesRegimeForAccounts2024-06-012025-05-3107637078ns10:FullAccounts2024-06-012025-05-310763707812024-06-012025-05-3107637078ns10:RegisteredOffice2024-06-012025-05-3107637078ns5:CurrentFinancialInstruments2025-05-3107637078ns5:CurrentFinancialInstruments2024-05-3107637078ns5:Non-currentFinancialInstruments2025-05-3107637078ns5:Non-currentFinancialInstruments2024-05-3107637078ns5:ShareCapital2025-05-3107637078ns5:ShareCapital2024-05-3107637078ns5:RetainedEarningsAccumulatedLosses2025-05-3107637078ns5:RetainedEarningsAccumulatedLosses2024-05-3107637078ns5:NetGoodwill2024-06-012025-05-3107637078ns5:IntangibleAssetsOtherThanGoodwill2024-06-012025-05-3107637078ns5:PlantMachinery2024-06-012025-05-3107637078ns5:FurnitureFittings2024-06-012025-05-3107637078ns5:MotorVehicles2024-06-012025-05-3107637078ns5:ComputerEquipment2024-06-012025-05-3107637078ns5:NetGoodwill2024-05-3107637078ns5:NetGoodwill2025-05-3107637078ns5:NetGoodwill2024-05-3107637078ns5:PlantMachinery2024-05-3107637078ns5:FurnitureFittings2024-05-3107637078ns5:MotorVehicles2024-05-3107637078ns5:ComputerEquipment2024-05-3107637078ns5:PlantMachinery2025-05-3107637078ns5:FurnitureFittings2025-05-3107637078ns5:MotorVehicles2025-05-3107637078ns5:ComputerEquipment2025-05-3107637078ns5:PlantMachinery2024-05-3107637078ns5:FurnitureFittings2024-05-3107637078ns5:MotorVehicles2024-05-3107637078ns5:ComputerEquipment2024-05-3107637078ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-06-012025-05-3107637078ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2025-05-3107637078ns5:WithinOneYearns5:CurrentFinancialInstruments2025-05-3107637078ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31076370781ns10:Director12024-05-31076370781ns10:Director12023-05-31076370781ns10:Director12024-06-012025-05-31076370781ns10:Director12023-06-012024-05-31076370781ns10:Director12025-05-31076370781ns10:Director12024-05-31
REGISTERED NUMBER: 07637078 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

FOR

RAIGINS LTD

RAIGINS LTD (REGISTERED NUMBER: 07637078)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAIGINS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2025







DIRECTOR: C A P Kinslow





REGISTERED OFFICE: Unit 20 Riverside
Sir Thomas Longley Road
Medway City Estate
Rochester
Kent
ME2 4DP





REGISTERED NUMBER: 07637078 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

RAIGINS LTD (REGISTERED NUMBER: 07637078)

BALANCE SHEET
31ST MAY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 142,695 154,208
Tangible assets 6 245,478 89,742
388,173 243,950

CURRENT ASSETS
Stocks 169,421 85,994
Debtors 7 679,960 637,891
Cash at bank and in hand 516,774 447,304
1,366,155 1,171,189
CREDITORS
Amounts falling due within one year 8 1,014,228 726,172
NET CURRENT ASSETS 351,927 445,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

740,100

688,967

CREDITORS
Amounts falling due after more than one
year

9

(237,166

)

(244,454

)

PROVISIONS FOR LIABILITIES (34,016 ) (22,436 )
NET ASSETS 468,918 422,077

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 468,518 421,677
SHAREHOLDERS' FUNDS 468,918 422,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 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 13th August 2025 and were signed by:



C A P Kinslow - Director


RAIGINS LTD (REGISTERED NUMBER: 07637078)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2025

1. STATUTORY INFORMATION

Raigins Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 2023, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on a straight line basis
Fixtures and fittings - 20% on a straight line basis
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

RAIGINS LTD (REGISTERED NUMBER: 07637078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2025

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The Director has considered the current trading position of the company and, as a result of continued growth and finances to support this, the accounts are prepared on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 306 (2024 - 295 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2024 180,260
Additions 7,000
At 31st May 2025 187,260
AMORTISATION
At 1st June 2024 26,052
Charge for year 18,513
At 31st May 2025 44,565
NET BOOK VALUE
At 31st May 2025 142,695
At 31st May 2024 154,208

RAIGINS LTD (REGISTERED NUMBER: 07637078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2025

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2024 48,174 2,623 97,531 3,889 152,217
Additions 62,918 1,447 131,300 11,142 206,807
At 31st May 2025 111,092 4,070 228,831 15,031 359,024
DEPRECIATION
At 1st June 2024 7,696 1,234 51,120 2,425 62,475
Charge for year 15,832 376 33,486 1,377 51,071
At 31st May 2025 23,528 1,610 84,606 3,802 113,546
NET BOOK VALUE
At 31st May 2025 87,564 2,460 144,225 11,229 245,478
At 31st May 2024 40,478 1,389 46,411 1,464 89,742

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 131,300
At 31st May 2025 131,300
DEPRECIATION
Charge for year 21,883
At 31st May 2025 21,883
NET BOOK VALUE
At 31st May 2025 109,417

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 577,880 489,334
Other debtors 102,080 148,557
679,960 637,891

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 92,406 92,223
Hire purchase contracts 26,231 2,875
Trade creditors 182,324 90,475
Taxation and social security 306,636 336,030
Other creditors 406,631 204,569
1,014,228 726,172

RAIGINS LTD (REGISTERED NUMBER: 07637078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 142,271 234,678
Hire purchase contracts 94,895 9,776
237,166 244,454

10. SECURED DEBTS

HSBC Invoice Finance UK hold a registered fixed and floating charge. The floating charge covers all the property or undertaking of the company.

HSBC UK Bank Plc holds a registered charge over the legal assignment of contract monies.

HSBC UK Bank PLC holds a registered fixed and floating charge. The floating charge covers all the property or undertaking of the company.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2025 and 31st May 2024:

2025 2024
£    £   
C A P Kinslow
Balance outstanding at start of year - -
Amounts advanced 18,301 -
Amounts repaid (17,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 801 -

12. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £6,600 owed by Britten Kinslow Investments Ltd. A company in which Mr C Kinslow is a director.