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REGISTERED NUMBER: 09863013 (England and Wales)














Rayments Vehicle Servicing & Repairs Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024






Rayments Vehicle Servicing & Repairs Ltd (Registered number: 09863013)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Rayments Vehicle Servicing & Repairs Ltd

Company Information
for the Year Ended 31 December 2024







Director: S R Rayment





Registered office: 8 Townsend
Soham
Ely
Cambs
CB7 5DB





Registered number: 09863013 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Rayments Vehicle Servicing & Repairs Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rayments Vehicle Servicing & Repairs Ltd for the year ended 31 December 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Rayments Vehicle Servicing & Repairs Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rayments Vehicle Servicing & Repairs Ltd and state those matters that we have agreed to state to the director of Rayments Vehicle Servicing & Repairs Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rayments Vehicle Servicing & Repairs Ltd and its director for our work or for this report.

It is your duty to ensure that Rayments Vehicle Servicing & Repairs Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rayments Vehicle Servicing & Repairs Ltd. You consider that Rayments Vehicle Servicing & Repairs Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rayments Vehicle Servicing & Repairs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


20 August 2025

Rayments Vehicle Servicing & Repairs Ltd (Registered number: 09863013)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 28,612 31,550

Current assets
Stocks 14,200 4,600
Debtors 6 19,246 5,469
Cash at bank 15,375 27,711
48,821 37,780
Creditors
Amounts falling due within one year 7 58,327 45,704
Net current liabilities (9,506 ) (7,924 )
Total assets less current liabilities 19,106 23,626

Creditors
Amounts falling due after more than one
year

8

(2,555

)

(8,550

)

Provisions for liabilities (4,776 ) (5,995 )
Net assets 11,775 9,081

Capital and reserves
Called up share capital 100 100
Retained earnings 11,675 8,981
11,775 9,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Rayments Vehicle Servicing & Repairs Ltd (Registered number: 09863013)

Statement of Financial Position - continued
31 December 2024


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2025 and were signed by:





S R Rayment - Director


Rayments Vehicle Servicing & Repairs Ltd (Registered number: 09863013)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. Statutory information

Rayments Vehicle Servicing & Repairs 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Rayments Vehicle Servicing & Repairs Ltd (Registered number: 09863013)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued

Hire purchase and leasing commitments
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 financial statements have been prepared on the going concern basis, however this may not be appropriate as the current liabilities exceed the current assets by £16,814 at the balance sheet date.

The director has confirmed he will continue to support the company for the foreseeable future.

4. Employees and directors

The average number of employees during the year was 5 (2023 - 4 ) .

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 January 2024 83,182 16,517 7,030 106,729
Additions 1,481 585 3,700 5,766
At 31 December 2024 84,663 17,102 10,730 112,495
Depreciation
At 1 January 2024 62,532 8,526 4,121 75,179
Charge for year 5,533 2,144 1,027 8,704
At 31 December 2024 68,065 10,670 5,148 83,883
Net book value
At 31 December 2024 16,598 6,432 5,582 28,612
At 31 December 2023 20,650 7,991 2,909 31,550

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 19,246 -
Prepayments - 5,469
19,246 5,469

Rayments Vehicle Servicing & Repairs Ltd (Registered number: 09863013)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 5,950 6,187
Trade creditors 20,613 14,875
Tax 3,798 8,439
Social security and other taxes 4,454 2,076
VAT 11,415 11,724
Other creditors 9,227 660
Directors' loan accounts 1,665 538
Accrued expenses 1,205 1,205
58,327 45,704

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 2,555 5,880
Bank loans - 2-5 years - 2,670
2,555 8,550

9. Related party disclosures

During the year the director made a loan to the company. The loan is unsecured interest free and repayable on demand. At the balance sheet date the amount owed to the director included in creditors was £1,665 (2023: £538).