REGISTERED NUMBER: 03010267 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Raphael Contracting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R C Hayhoe

M G O'Brien

J R Hayhoe

SECRETARY:

R C Hayhoe

REGISTERED OFFICE:

Raphael House

123 Roebuck Road

Chessington

Surrey

KT9 1EU

REGISTERED NUMBER:

03010267 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Tangible assets

5

69,821

101,160

CURRENT ASSETS

Stocks

955,243

810,821

Debtors

6

733,793

1,494,229

Cash at bank

1,736,038

1,372,535

3,425,074

3,677,585

CREDITORS

Amounts falling due within one year

7

862,469

1,165,425

NET CURRENT ASSETS

2,562,605

2,512,160

TOTAL ASSETS LESS CURRENT LIABILITIES

2,632,426

2,613,320

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

2,632,226

2,613,120

SHAREHOLDERS' FUNDS

2,632,426

2,613,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 18 September 2025 and were signed on its behalf by:

R C Hayhoe - Director

M G O'Brien - Director

1.	STATUTORY INFORMATION

Raphael Contracting 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced work and, on long term contracts, a sum based on the agreed certificate of valuation relative to contract value based upon the stage of completion of the work carried out.

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 reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress relates to property held for development and is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Pension costs and other post-retirement benefits

The company operates defined contribution pension schemes.The assets of the schemes are held separately from those of the company in independently administered funds. The amount charged to the profit and loss account represents the contributions payable to the schemes in respect of the accounting period.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

266,306

Additions

1,056

Disposals

(68,104

)

At 31 March 2025

199,258

DEPRECIATION

At 1 April 2024

165,146

Charge for year

23,273

Eliminated on disposal

(58,982

)

At 31 March 2025

129,437

NET BOOK VALUE

At 31 March 2025

69,821

At 31 March 2024

101,160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

45,719

26,802

Amounts owed by group undertakings

397,880

396,478

Amounts recoverable on contract

224,186

811,252

Other debtors

66,008

259,697

733,793

1,494,229

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

762,286

1,106,362

Taxation and social security

82,112

40,591

Other creditors

18,071

18,472

862,469

1,165,425

8.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Raphael Holdings Limited, a company registered in England and Wales, and controlled by R C Hayhoe.