RAHMAN RAVELLI SOLICITORS LTD


Director	RAHMAN, Azizur


Company Secretary	BERRY, Paula Louise


Registered Address	Roma House
	59 Pellon Lane
	Halifax
	HX1 5BE


Registered Number	06295702 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 rendering of services. 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.

Turnover policy

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 rendering of services.

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.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	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 the Income Statement

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 the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of the goodwill was set at 12 years and the asset has been amortised on a straight line basis over that period.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of the goodwill was set at 12 years and the asset has been amortised on a straight line basis over that period.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	15
	Plant and machinery	4
	Fixtures and fittings	3
	Vehicles	5
	Office Equipment	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	25		22

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 24	615,000	615,000
At 31 December 24	615,000	615,000
Amortisation and impairment
At 01 January 24	615,000	615,000
At 31 December 24	615,000	615,000
Net book value
At 31 December 24	-	-
At 31 December 23	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 24	180,067	1,135	-	65,223	91,588	338,013
Additions	-	-	42,146	-	-	42,146
At 31 December 24	180,067	1,135	42,146	65,223	91,588	380,159
Depreciation and impairment
At 01 January 24	135,198	1,135	-	63,147	91,329	290,809
Charge for year	10,559	-	5,620	1,826	155	18,160
At 31 December 24	145,757	1,135	5,620	64,973	91,484	308,969
Net book value
At 31 December 24	34,310	-	36,526	250	104	71,190
At 31 December 23	44,869	-	-	2,076	259	47,204

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	1,292,948	903,748
Other debtors	370,213	365,544
Prepayments and accrued income	589,938	1,041,866
Total	2,253,099	2,311,158

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	15,151	54,323
Bank borrowings and overdrafts	474,217	424,732
Taxation and social security	222,443	263,352
Finance lease and HP contracts	6,537	-
Other creditors	22,155	8,558
Accrued liabilities and deferred income	44,061	19,967
Total	784,564	770,932


	Bank borrowings due to National Westminster Bank Plc are secured by way of a debenture. Hire purchase liabilities are secured on the assets to which they relate.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	91,183	264,132
Other creditors	27,088	-
Total	118,271	264,132


	Bank borrowings due to National Westminster Bank Plc are secured by way of a debenture. Hire purchase liabilities of £27,088 (2023 - £nil) included within other creditors are secured on the assets to which they relate.

8.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	33,624		-

9.	Provisions for liabilities
	The provision for deferred tax arises from accelerated capital allowances.

	2024	2023
	£	£
Net deferred tax liability (asset)	6,000	-
Total	6,000	-

10.	Pension commitments
	The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £18,013 (2023 - £8,558) were due to the fund. They are included in other creditors.

11.	Operating lease commitments
	At 31 December 2024 the company had future minimum lease payments under non-cancellable operating leases of £4,956 (2023: £8,260).

12.	Directors advances, credits and guarantees
	On 1 January 2024 the Director owed the Company £327,704. During the period this director was advanced a further £310,931 and repaid £327,704. As at 31 December 2024 the Director owed the Company £310,931. The loan is unsecured and repayable upon demand.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		71,190		47,204
			71,190		47,204
Current assets
Debtors	5	2,253,099		2,311,158
Cash at bank and on hand		343,439		400,775
		2,596,538		2,711,933
Creditors amounts falling due within one year	6	(784,564)		(770,932)
Net current assets (liabilities)			1,811,974		1,941,001
Total assets less current liabilities			1,883,164		1,988,205
Creditors amounts falling due after one year	7		(118,271)		(264,132)
Provisions for liabilities	9		(6,000)		-
Net assets			1,758,893		1,724,073
Capital and reserves
Called up share capital			1		1
Profit and loss account			1,758,892		1,724,072
Shareholders' funds			1,758,893		1,724,073