IRIS Accounts Production v25.2.0.378 12243745 director 1.11.23 31.10.24 31.10.24 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 12243745 2023-10-31 12243745 2024-10-31 12243745 2023-11-01 2024-10-31 12243745 2022-10-31 12243745 2022-11-01 2023-10-31 12243745 2023-10-31 12243745 ns15:EnglandWales 2023-11-01 2024-10-31 12243745 ns14:PoundSterling 2023-11-01 2024-10-31 12243745 ns10:Director1 2023-11-01 2024-10-31 12243745 ns10:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12243745 ns10:SmallEntities 2023-11-01 2024-10-31 12243745 ns10:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12243745 ns10:SmallCompaniesRegimeForDirectorsReport 2023-11-01 2024-10-31 12243745 ns10:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12243745 ns10:FullAccounts 2023-11-01 2024-10-31 12243745 1 2023-11-01 2024-10-31 12243745 ns10:OrdinaryShareClass1 2023-11-01 2024-10-31 12243745 ns10:RegisteredOffice 2023-11-01 2024-10-31 12243745 ns5:CurrentFinancialInstruments 2024-10-31 12243745 ns5:CurrentFinancialInstruments 2023-10-31 12243745 ns5:Non-currentFinancialInstruments 2024-10-31 12243745 ns5:Non-currentFinancialInstruments 2023-10-31 12243745 ns5:ShareCapital 2024-10-31 12243745 ns5:ShareCapital 2023-10-31 12243745 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 12243745 ns5:RetainedEarningsAccumulatedLosses 2023-10-31 12243745 ns5:IntangibleAssetsOtherThanGoodwill 2023-11-01 2024-10-31 12243745 ns5:PlantMachinery 2023-11-01 2024-10-31 12243745 ns5:MotorVehicles 2023-11-01 2024-10-31 12243745 ns5:ComputerEquipment 2023-11-01 2024-10-31 12243745 ns5:NetGoodwill 2023-10-31 12243745 ns5:NetGoodwill 2023-11-01 2024-10-31 12243745 ns5:NetGoodwill 2024-10-31 12243745 ns5:NetGoodwill 2023-10-31 12243745 ns5:PlantMachinery 2023-10-31 12243745 ns5:MotorVehicles 2023-10-31 12243745 ns5:ComputerEquipment 2023-10-31 12243745 ns5:PlantMachinery 2024-10-31 12243745 ns5:MotorVehicles 2024-10-31 12243745 ns5:ComputerEquipment 2024-10-31 12243745 ns5:PlantMachinery 2023-10-31 12243745 ns5:MotorVehicles 2023-10-31 12243745 ns5:ComputerEquipment 2023-10-31 12243745 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-10-31 12243745 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-10-31 12243745 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-10-31 12243745 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2023-10-31 12243745 ns10:OrdinaryShareClass1 2024-10-31

REGISTERED NUMBER: 12243745 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RAZ GARAGE LIMITED

| RAZ GARAGE LIMITED (REGISTERED NUMBER: 12243745) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| RAZ GARAGE LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2024

| Director: | R Rosca

| Registered office: | 62-76 Butterley Hill

| Ripley

| Derbyshire

| DE5 3LT

| Registered number: | 12243745 (England and Wales)

| Accountants: | TC Group

| 10 Stadium Business Court

| Millennium Way

| Pride Park

| Derby

| Derbyshire

| DE24 8HP

| RAZ GARAGE LIMITED (REGISTERED NUMBER: 12243745) |

STATEMENT OF FINANCIAL POSITION

31 OCTOBER 2024

2024 | 2023 |

as restated |

| Notes | £ | £

Fixed assets

Intangible assets | 4 | - |  | 1 |  |

Tangible assets | 5 | 48,500 |  | 72,750 |  |

48,500 |  | 72,751 |  |

Current assets

Stocks | 6 | 388,325 |  | 86,000 |  |

Cash at bank | 79,137 |  | 11,000 |  |

467,462 |  | 97,000 |  |

Creditors

Amounts falling due within one year | 7 | (325,541 | ) | (49,740 | ) |

Net current assets | 141,921 |  | 47,260 |  |

Total assets less current liabilities | 190,421 |  | 120,011 |  |

Creditors

Amounts falling due after more than one year | 8 | (17,500 | ) | (29,216 | ) |

Net assets | 172,921 |  | 90,795 |  |

Capital and reserves

Called up share capital | 10 | 1 |  | 1 |  |

Retained earnings | 172,920 |  | 90,794 |  |

Shareholders' funds | 172,921 |  | 90,795 |  |

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

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

| RAZ GARAGE LIMITED (REGISTERED NUMBER: 12243745) |

STATEMENT OF FINANCIAL POSITION - continued

31 OCTOBER 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 15 September 2025 and were signed by:

R Rosca - Director

| RAZ GARAGE LIMITED (REGISTERED NUMBER: 12243745) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

1. | STATUTORY INFORMATION

| Raz Garage 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.

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.

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

| The financial statements are rounded to the nearest £1.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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 cost

| Motor vehicles | - | 25% on cost

| Equipment | - | 25% 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.

| 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.

| RAZ GARAGE LIMITED (REGISTERED NUMBER: 12243745) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2024

2. | 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | INTANGIBLE FIXED ASSETS

Goodwill |

| £

| Cost

| At 1 November 2023

| and 31 October 2024 | 1 |  |

| Amortisation

| Amortisation for year | 1 |  |

| At 31 October 2024 | 1 |  |

| Net book value

| At 31 October 2024 | - |  |

| At 31 October 2023 | 1 |  |

5. | TANGIBLE FIXED ASSETS

Plant and | Motor |

machinery | vehicles | Equipment | Totals |

| £ | £ | £ | £

| Cost

| At 1 November 2023

| and 31 October 2024 | 60,000 |  | 27,000 |  | 10,000 |  | 97,000 |  |

| Depreciation

| At 1 November 2023 | 15,000 |  | 6,750 |  | 2,500 |  | 24,250 |  |

| Charge for year | 15,000 |  | 6,750 |  | 2,500 |  | 24,250 |  |

| At 31 October 2024 | 30,000 |  | 13,500 |  | 5,000 |  | 48,500 |  |

| Net book value

| At 31 October 2024 | 30,000 |  | 13,500 |  | 5,000 |  | 48,500 |  |

| At 31 October 2023 | 45,000 |  | 20,250 |  | 7,500 |  | 72,750 |  |

6. | STOCKS

2024 | 2023 |

as restated |

| £ | £

| Stocks | 388,325 |  | 86,000 |  |

| RAZ GARAGE LIMITED (REGISTERED NUMBER: 12243745) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

as restated |

| £ | £

| Bank loans and overdrafts (see note 9) | 5,000 |  | - |  |

| Trade creditors | 89,911 |  | - |  |

| Tax | 33,252 |  | 10,086 |  |

| VAT | 41,378 |  | 3,654 |  |

| Other creditors | 70,000 |  | - |  |

| Accruals and deferred income | 3,000 |  | - |  |

| Directors' current accounts | 83,000 |  | 36,000 |  |

325,541 |  | 49,740 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

as restated |

| £ | £

| Bank loans (see note 9) | 17,500 |  | 29,216 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

2024 | 2023 |

as restated |

| £ | £

| Amounts falling due within one year or on demand:

| Bank loans | 5,000 |  | - |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 17,500 |  | 29,216 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: | as restated |

| £ | £

| 1 | Ordinary | 1 | 1 |  | 1 |  |