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REGISTERED NUMBER: 01123738 (England and Wales)















Financial Statements

for the Year Ended 31st December 2024

for

Raytell Electrical Co. Limited

Raytell Electrical Co. Limited (Registered number: 01123738)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Raytell Electrical Co. Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: R K Bundock
B. Calder





SECRETARY: Ms L Hall





REGISTERED OFFICE: 9 Hampden Way
Southgate
London
N14 5DJ





REGISTERED NUMBER: 01123738 (England and Wales)





AUDITORS: Spencer Hyde Limited
Statutory Auditor
272 Regents Park Road
London
N3 3HN

Raytell Electrical Co. Limited (Registered number: 01123738)

Statement of Financial Position
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,479 46,574

CURRENT ASSETS
Stocks 1,333,355 1,333,355
Debtors 5 598,778 1,478,541
Investments 6 1,428,523 1,347,151
Cash at bank and in hand 2,225,470 1,630,326
5,586,126 5,789,373
CREDITORS
Amounts falling due within one year 7 440,920 935,799
NET CURRENT ASSETS 5,145,206 4,853,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,186,685

4,900,148

PROVISIONS FOR LIABILITIES 56,547 35,529
NET ASSETS 5,130,138 4,864,619

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 177,802 116,773
Retained earnings 4,952,236 4,747,746
SHAREHOLDERS' FUNDS 5,130,138 4,864,619

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 3rd June 2025 and were signed on its behalf by:





R K Bundock - Director


Raytell Electrical Co. Limited (Registered number: 01123738)

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

1. STATUTORY INFORMATION

Raytell Electrical Co. 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.

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


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.

Revenue recognition
Revenue arises from increases in valuations on contracts and is normally determined by external valuations. It is the gross value of work carried out for the period to the balance sheet date. Profit on contracts is calculated in accordance with accounting standards and industry practice. Industry practice is to assess the estimated final outcome of each contract and recognise the profit based upon the percentage of completion of the contract at the relevant date. The assessment of the final outcome of each contract is determined by regular review of the revenues and costs to complete that contract.

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 2% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage of completion.

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 statement of financial position date.


Raytell Electrical Co. Limited (Registered number: 01123738)

Notes to the Financial Statements - continued
for the Year Ended 31st 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 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.

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 31 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 184,754
Additions 7,118
At 31st December 2024 191,872
DEPRECIATION
At 1st January 2024 138,180
Charge for year 12,213
At 31st December 2024 150,393
NET BOOK VALUE
At 31st December 2024 41,479
At 31st December 2023 46,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 593,721 1,468,614
Other debtors 5,057 9,927
598,778 1,478,541

Raytell Electrical Co. Limited (Registered number: 01123738)

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

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 1,428,523 1,347,151

2024 2023
£    £   
Fair value 1 January 2024 1,347,151 1,328,507
Additions - -
Disposal - -
Net gains or losses from fair value adjustments 81,372 18,644
Fair value at 31 December 2024 1,428,523 1,347,151

The current asset investments are valued at the market value at the balance sheet date.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76,120 227,102
Taxation and social security 195,323 172,684
Other creditors 169,477 536,013
440,920 935,799

8. RESERVES
Revaluation
reserve
£   
At 1st January 2024 116,773
P&L transfer 61,029

At 31st December 2024 177,802

This represents
2024
£
Increase in value of listed investment 81,372
Less provision for deferred tax at 25% -20,343
61,029

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

The Auditors' Report was unqualified.

Antony Youselli (Senior Statutory Auditor)
for and on behalf of Spencer Hyde Limited