REGISTERED NUMBER: 01447928 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Ravensbourn Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

S R Bolton

R J Meredith

M J Meredith

D J Meredith

A Meredith

REGISTERED OFFICE:

Occupation Lane

Woodville

Swadlincote

DE11 8ET

REGISTERED NUMBER:

01447928 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ravensbourn Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ravensbourn Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ravensbourn Limited and state those matters that we have agreed to state to the Board of Directors of Ravensbourn Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ravensbourn Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ravensbourn Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ravensbourn Limited. You consider that Ravensbourn Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ravensbourn Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

25 September 2025

FIXED ASSETS

Intangible assets

4

133,325

124,000

Tangible assets

5

364,149

503,772

497,474

627,772

CURRENT ASSETS

Stocks

145,563

142,334

Debtors

6

664,460

599,905

Cash at bank and in hand

145,375

1,785,160

955,398

2,527,399

CREDITORS

Amounts falling due within one year

7

1,071,678

1,009,153

NET CURRENT (LIABILITIES)/ASSETS

(116,280

)

1,518,246

TOTAL ASSETS LESS CURRENT LIABILITIES

381,194

2,146,018

CREDITORS

Amounts falling due after more than one year

8

(105,514

)

(59,377

)

PROVISIONS FOR LIABILITIES

(84,936

)

(52,535

)

NET ASSETS

190,744

2,034,106

CAPITAL AND RESERVES

Called up share capital

9

50

50

Retained earnings

10

190,694

2,034,056

SHAREHOLDERS' FUNDS

190,744

2,034,106

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 September 2025 and were signed on its behalf by:

R J Meredith - Director

1.	STATUTORY INFORMATION

Ravensbourn 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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty five years.

Tangible fixed assets

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

Land and buildings

-

4% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% on cost

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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 15 (2023 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

200,000

-

200,000

Additions

-

19,250

19,250

At 31 December 2024

200,000

19,250

219,250

AMORTISATION

At 1 January 2024

76,000

-

76,000

Charge for year

8,000

1,925

9,925

At 31 December 2024

84,000

1,925

85,925

NET BOOK VALUE

At 31 December 2024

116,000

17,325

133,325

At 31 December 2023

124,000

-

124,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

buildings

machinery

fittings

£

£

£

COST OR VALUATION

At 1 January 2024

304,854

321,904

50,089

Additions

-

273,213

-

Disposals

(1,205,983

)

-

-

Revaluations

901,129

-

-

At 31 December 2024

-

595,117

50,089

DEPRECIATION

At 1 January 2024

54,874

127,436

13,771

Charge for year

-

148,779

7,264

Eliminated on disposal

(54,874

)

-

-

At 31 December 2024

-

276,215

21,035

NET BOOK VALUE

At 31 December 2024

-

318,902

29,054

At 31 December 2023

249,980

194,468

36,318

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

29,980

695

707,522

Additions

-

1,141

274,354

Disposals

-

-

(1,205,983

)

Revaluations

-

-

901,129

At 31 December 2024

29,980

1,836

677,022

DEPRECIATION

At 1 January 2024

7,495

174

203,750

Charge for year

7,495

459

163,997

Eliminated on disposal

-

-

(54,874

)

At 31 December 2024

14,990

633

312,873

NET BOOK VALUE

At 31 December 2024

14,990

1,203

364,149

At 31 December 2023

22,485

521

503,772

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

595,117

50,089

29,980

1,836

677,022

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

370,157

478,987

Other debtors

101,884

6,314

Directors' current accounts

36,163

20,163

Tax

85,125

-

VAT

25,820

-

Prepayments and accrued income

45,311

94,441

664,460

599,905

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

26,179

17,938

Trade creditors

517,625

556,288

Amounts owed to group undertakings

100

86,808

Corporation tax

-

137,093

Social security and other taxes

22,763

72,492

VAT

-

28,488

Other creditors

465,083

18,294

Net wages

480

-

Accruals and deferred income

39,448

91,752

1,071,678

1,009,153

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

105,514

59,377

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

50

Ordinary

£1

50

50

10.

RESERVES

Retained

earnings

£

At 1 January 2024

2,034,056

Profit for the year

752,128

Dividends

(100

)

Dividend in specie

(2,595,390

)

At 31 December 2024

190,694

11.	OTHER FINANCIAL COMMITMENTS

The company has total guarantees and commitments at the balance sheet date of £nil (2023 - £42,088)

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

M J Meredith

Balance outstanding at start of year

10,000

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

R J Meredith

Balance outstanding at start of year

163

5,163

Amounts advanced

36,000

-

Amounts repaid

-

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

36,163

163

D J Meredith

Balance outstanding at start of year

10,000

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

The above loans are interest free and repayable on demand.

13.	RELATED PARTY DISCLOSURES

Included in creditors are balances with related party companies which have common ownership and directors. The balances are interest free and repayable on demand (2024: £462,781, 2023: £86,808).

Included in debtors are balances with related party companies which have common ownership and directors. The balances are interest free and repayable on demand (2024: £92,320, 2023: £nil).

14.	PARENT COMPANY

The parent company is Ravensbourn Plastic Holdings Limited.

Registered office address:

Ravensbourn Occupation Lane

Woodville

Swadlincote

DE11 8ET