Registered number
06700773
ASK (RANY) LIMITED
Filleted Accounts
30 November 2024
ASK (RANY) LIMITED
Registered number: 06700773
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 147,749 149,949
Tangible assets 4 3,051,794 3,055,891
3,199,543 3,205,840
Current assets
Stocks 295,914 303,260
Debtors 5 27,742 37,231
Cash at bank and in hand 298,314 118,092
621,970 458,583
Creditors: amounts falling due within one year 6 (655,787) (426,509)
Net current (liabilities)/assets (33,817) 32,074
Total assets less current liabilities 3,165,726 3,237,914
Creditors: amounts falling due after more than one year 7 (1,983,597) (2,440,148)
Net assets 1,182,129 797,766
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,182,127 797,764
Shareholders' funds 1,182,129 797,766
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Arulanantham
Director
Approved by the board on 28 August 2025
ASK (RANY) LIMITED
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Intangible Assets 10% Straight line
Plant and machinery and Fixtures & Fittings 15% Straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 13
3 Intangible fixed assets £
Cost
At 1 December 2023 167,549
At 30 November 2024 167,549
Amortisation
At 1 December 2023 17,600
Provided during the year 2,200
At 30 November 2024 19,800
Net book value
At 30 November 2024 147,749
At 30 November 2023 149,949
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2023 3,035,469 52,489 3,087,958
Additions 3,776 - 3,776
At 30 November 2024 3,039,245 52,489 3,091,734
Depreciation
At 1 December 2023 - 32,067 32,067
Charge for the year - 7,873 7,873
At 30 November 2024 - 39,940 39,940
Net book value
At 30 November 2024 3,039,245 12,549 3,051,794
At 30 November 2023 3,035,469 20,422 3,055,891
5 Debtors 2024 2023
£ £
Other debtors 27,742 37,231
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 195,276 97,820
Trade creditors 224,926 175,443
Corporation tax 182,401 131,169
Other taxes and social security costs 52,134 21,656
Other creditors 1,050 421
655,787 426,509
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,568,643 1,769,488
Shareholder Loan 414,954 670,660
1,983,597 2,440,148
8 Other information
ASK (RANY) LIMITED is a private company limited by shares and incorporated in England.
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