REGISTERED NUMBER: 07469764 (England and Wales)

Ravendale North West Limited

Financial Statements

for the Year Ended 31 December 2024

Page

Company information

1

Statement of financial position

2

Notes to the financial statements

3

Directors:

A Cleeve

R A Gray

Mrs B Gray

Mrs R I Young

Registered office:

Unit 5

Leadgate Industrial Estate

Lope Hill Road

Consett

DH8 7RN

Registered number:

07469764 (England and Wales)

Auditors:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

Fixed assets

Tangible assets

5

116,189

135,830

Current assets

Stocks

251,057

338,066

Debtors

6

546,688

324,130

Cash at bank

1,245,983

1,177,445

2,043,728

1,839,641

Creditors

Amounts falling due within one year

7

618,194

538,660

Net current assets

1,425,534

1,300,981

Total assets less current liabilities

1,541,723

1,436,811

Provisions for liabilities

9

3,133

2,354

Net assets

1,538,590

1,434,457

Capital and reserves

Called up share capital

10

700

700

Retained earnings

1,537,890

1,433,757

Shareholders' funds

1,538,590

1,434,457

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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:

R A Gray - Director

1.	Statutory information

Ravendale North West 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.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Equipment

-

20% on reducing balance

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.

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.

4.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Equipment

Totals

£

£

£

£

Cost

At 1 January 2024

458,437

23,937

8,499

490,873

Additions

8,095

-

-

8,095

At 31 December 2024

466,532

23,937

8,499

498,968

Depreciation

At 1 January 2024

329,759

19,121

6,163

355,043

Charge for year

26,305

964

467

27,736

At 31 December 2024

356,064

20,085

6,630

382,779

Net book value

At 31 December 2024

110,468

3,852

1,869

116,189

At 31 December 2023

128,678

4,816

2,336

135,830

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

415,874

209,834

Amounts owed by group undertakings

76,907

76,907

Other debtors

-

1,302

VAT

46,536

30,286

Prepayments and accrued income

7,371

5,801

546,688

324,130

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

184,776

96,000

Amounts owed to group undertakings

236,255

227,270

Tax

75,266

35,976

Social security and other taxes

2,128

2,070

Other creditors

47,587

47,587

Directors' current accounts

53,492

111,897

Accruals and deferred income

18,690

17,860

618,194

538,660

8.	Secured debts

Lloyds Bank Plc hold an omnibus guarantee and set off agreement dated 4 January 2018 on Dipwood Holdings Limited and its subsidiary undertakings.

Lloyds Bank Plc also holds a Debenture dated December 2017 which contains a fixed charge and floating charges over all property and undertakings of the company.

9.	Provisions for liabilities

2024

2023

£

£

Deferred tax

3,133

2,354

Deferred

tax

£

Balance at 1 January 2024

2,354

Provided during year

779

Balance at 31 December 2024

3,133

10.	Called up share capital

2023

2022

No.

£

No.

£

Ordinary A shares of £1 each

300

300.00

300

300.00

Ordinary B shares of £1 each

200

200.00

200

200.00

Ordinary C shares of £1 each

100

100.00

100

100.00

Ordinary D shares of £1 each

100

100.00

100

100.00

700

700.00

700

700.00

11.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Matt Storey FCCA ACA BFP (Senior Statutory Auditor)

for and on behalf of Moore Thompson

12.	Ultimate controlling party

The ultimate parent undertaking is Dipwood Holdings Limited, whose registered office is Unit 2,

Leadgate Industrial Estate, Lope Hill Road, Consett, DH8 7RN.

The group accounts which consolidate the subsidiary are available at Companies House, Crown Way, Cardiff, CF14 3UZ.