Registered number
00465206
RAMER LIMITED
Filleted Accounts
31 December 2024
RAMER LIMITED
Registered number: 00465206
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 18,410 991
Tangible assets 4 154,102 147,171
172,512 148,162
Current assets
Stocks 244,300 308,859
Debtors 5 261,052 119,718
Cash at bank and in hand 94,273 105,180
599,625 533,757
Creditors: amounts falling due within one year 6 (377,967) (298,893)
Net current assets 221,658 234,864
Total assets less current liabilities 394,170 383,026
Creditors: amounts falling due after more than one year 7 (86,686) (98,029)
Provisions for liabilities (28,696) (28,696)
Net assets 278,788 256,301
Capital and reserves
Called up share capital 30,000 30,000
Capital redemption reserve 30,000 30,000
Revaluation reserve 9 48,663 48,663
Profit and loss account 170,125 147,638
Shareholders' funds 278,788 256,301
The director is 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 director acknowledges his 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.
P A Lloyd Smith
Director
Approved by the board on 29 July 2025
RAMER LIMITED
Notes to the Accounts
for the year ended 31 December 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 24 24
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 46,446
Additions 20,884
At 31 December 2024 67,330
Amortisation
At 1 January 2024 45,455
Provided during the year 3,465
At 31 December 2024 48,920
Net book value
At 31 December 2024 18,410
At 31 December 2023 991
Development costs are being written off in equal annual instalments over its estimated economic life of 6.6 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 82,851 891,449 21,240 995,540
Additions - 28,962 - 28,962
At 31 December 2024 82,851 920,411 21,240 1,024,502
Depreciation
At 1 January 2024 82,851 753,563 11,955 848,369
Charge for the year - 18,345 3,686 22,031
At 31 December 2024 82,851 771,908 15,641 870,400
Net book value
At 31 December 2024 - 148,503 5,599 154,102
At 31 December 2023 - 137,886 9,285 147,171
5 Debtors 2024 2023
£ £
Trade debtors 203,818 99,443
Other debtors 57,234 20,275
261,052 119,718
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 131,102 49,205
Obligations under finance lease and hire purchase contracts - 76
Trade creditors 172,476 187,976
Taxation and social security costs 46,444 42,659
Other creditors 27,945 18,977
377,967 298,893
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 86,686 98,029
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 86,686 98,029
The bank loan is secured on property owned by the director.
9 Revaluation reserve 2024 2023
£ £
At 1 January 2024 48,663 48,663
At 31 December 2024 48,663 48,663
10 Controlling party
The company is under the control of the director
11 Other information
RAMER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire Road
Heathpark
Honiton
EX14 1SD
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