REGISTERED NUMBER: 14144662 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

RAGE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

L Mcclenaghan

REGISTERED OFFICE:

45 Reeve Road

Stansted

CM24 8SJ

REGISTERED NUMBER:

14144662 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

5

267,178

142,365

CURRENT ASSETS

Debtors

6

994,171

441,906

Cash at bank

73,635

15,533

1,067,806

457,439

CREDITORS

Amounts falling due within one year

7

(1,059,956

)

(497,760

)

NET CURRENT ASSETS/(LIABILITIES)

7,850

(40,321

)

TOTAL ASSETS LESS CURRENT LIABILITIES

275,028

102,044

CREDITORS

Amounts falling due after more than one year

8

(244,246

)

(92,122

)

PROVISIONS FOR LIABILITIES

10

(22,942

)

(7,893

)

NET ASSETS

7,840

2,029

CAPITAL AND RESERVES

Called up share capital

100

1

Retained earnings

7,740

2,028

SHAREHOLDERS' FUNDS

7,840

2,029

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 6 October 2025 and were signed by:

L Mcclenaghan - Director

1.	STATUTORY INFORMATION

Rage Ltd 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

Motor vehicles

-

20% on reducing balance

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 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 5 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2024

56,766

91,260

148,026

Additions

84,897

69,990

154,887

At 31 May 2025

141,663

161,250

302,913

DEPRECIATION

At 1 June 2024

5,661

-

5,661

Charge for year

11,822

18,252

30,074

At 31 May 2025

17,483

18,252

35,735

NET BOOK VALUE

At 31 May 2025

124,180

142,998

267,178

At 31 May 2024

51,105

91,260

142,365

Included in Plant and Machinery and Motor Vehicles are vans and cars on hire purchase with a net book value of £112,904 (2023: £39,280) and £142,998 (2024: £91,260) respectively.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

883,553

441,906

Amounts owed by group undertakings

920

-

Other debtors

109,698

-

994,171

441,906

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Hire purchase contracts

44,062

17,521

Trade creditors

8,272

360

Taxation and social security

237,606

51,906

Other creditors

770,016

427,973

1,059,956

497,760

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans

55,000

-

Hire purchase contracts

189,246

92,122

244,246

92,122

9.	SECURED DEBTS

Assets on hire purchase are secured on the assets financed. Bank loans have been personally guaranteed by the director. Factored debts are secured by way of a fixed and floating charge over all property or undertaking of the company, including a negative pledge.

10.	PROVISIONS FOR LIABILITIES

31/5/25

31/5/24

£

£

Deferred tax

Accelerated capital allowances

22,942

10,750

Tax losses carried forward

-

(2,857

)

22,942

7,893

Deferred

tax

£

Balance at 1 June 2024

7,893

Provided during year

15,049

Balance at 31 May 2025

22,942