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REGISTERED NUMBER: 10787178 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

RamEco Ltd

RamEco Ltd (Registered number: 10787178)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RamEco Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs E L Ramella
R M J Ramella





SECRETARY:





REGISTERED OFFICE: Unit 2A
Charlton Street
Grimsby
N E Lincolnshire
DN31 1SQ





REGISTERED NUMBER: 10787178 (England and Wales)

RamEco Ltd (Registered number: 10787178)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,440 29,906

CURRENT ASSETS
Stocks 5 21,150 57,356
Debtors 6 31,652 1,050
Cash at bank and in hand 17,090 74,930
69,892 133,336
CREDITORS
Amounts falling due within one year 7 35,124 82,931
NET CURRENT ASSETS 34,768 50,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,208

80,311

CREDITORS
Amounts falling due after more than one
year

8

(12,046

)

(24,724

)

PROVISIONS FOR LIABILITIES (4,335 ) (5,683 )
NET ASSETS 39,827 49,904

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 39,627 49,704
SHAREHOLDERS' FUNDS 39,827 49,904

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





Mrs E L Ramella - Director


RamEco Ltd (Registered number: 10787178)

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

1. STATUTORY INFORMATION

RamEco 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 12 ) .

RamEco Ltd (Registered number: 10787178)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 14,733 662 49,570 466 65,431
Disposals - - (9,300 ) - (9,300 )
At 31 August 2024 14,733 662 40,270 466 56,131
DEPRECIATION
At 1 September 2023 7,411 239 27,737 138 35,525
Charge for year 1,463 84 4,998 82 6,627
Eliminated on disposal - - (7,461 ) - (7,461 )
At 31 August 2024 8,874 323 25,274 220 34,691
NET BOOK VALUE
At 31 August 2024 5,859 339 14,996 246 21,440
At 31 August 2023 7,322 423 21,833 328 29,906

5. STOCKS
31.8.24 31.8.23
£    £   
Stocks 10,150 16,200
Work-in-progress 11,000 41,156
21,150 57,356

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 18,715 1,050
VAT 12,937 -
31,652 1,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,312 10,057
Hire purchase contracts 2,367 2,867
Trade creditors 1,802 1,673
Tax 16,515 29,508
Social security and other taxes 1,643 4,171
VAT - 30,996
Other creditors 597 1,958
Directors' current accounts 13 1
Accrued expenses 1,875 1,700
35,124 82,931

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 7,904 10,311
Bank loans - 2-5 years - 7,904
Hire purchase contracts 4,142 6,509
12,046 24,724

RamEco Ltd (Registered number: 10787178)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200

10. RESERVES
Retained
earnings
£   

At 1 September 2023 49,704
Profit for the year 45,423
Dividends (55,500 )
At 31 August 2024 39,627

11. ULTIMATE CONTROLLING PARTY

The company is controlled by it's directors.