IRIS Accounts Production v25.4.0.155 01535529 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 24/9/2025 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01535529 2024-03-31 01535529 2025-03-31 01535529 2024-04-01 2025-03-31 01535529 2023-03-31 01535529 2023-04-01 2024-03-31 01535529 2024-03-31 01535529 ns15:EnglandWales 2024-04-01 2025-03-31 01535529 ns14:PoundSterling 2024-04-01 2025-03-31 01535529 ns10:Director1 2024-04-01 2025-03-31 01535529 ns10:Director2 2024-04-01 2025-03-31 01535529 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01535529 ns10:SmallEntities 2024-04-01 2025-03-31 01535529 ns10:Audited 2024-04-01 2025-03-31 01535529 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 01535529 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01535529 ns10:FullAccounts 2024-04-01 2025-03-31 01535529 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 01535529 ns10:RegisteredOffice 2024-04-01 2025-03-31 01535529 ns5:CurrentFinancialInstruments 2025-03-31 01535529 ns5:CurrentFinancialInstruments 2024-03-31 01535529 ns5:ShareCapital 2025-03-31 01535529 ns5:ShareCapital 2024-03-31 01535529 ns5:RevaluationReserve 2025-03-31 01535529 ns5:RevaluationReserve 2024-03-31 01535529 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01535529 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01535529 ns5:LandBuildings 2024-03-31 01535529 ns5:PlantMachinery 2024-03-31 01535529 ns5:MotorVehicles 2024-03-31 01535529 ns5:ComputerEquipment 2024-03-31 01535529 ns5:LandBuildings 2024-04-01 2025-03-31 01535529 ns5:PlantMachinery 2024-04-01 2025-03-31 01535529 ns5:MotorVehicles 2024-04-01 2025-03-31 01535529 ns5:ComputerEquipment 2024-04-01 2025-03-31 01535529 ns5:LandBuildings 2025-03-31 01535529 ns5:PlantMachinery 2025-03-31 01535529 ns5:MotorVehicles 2025-03-31 01535529 ns5:ComputerEquipment 2025-03-31 01535529 ns5:LandBuildings 2024-03-31 01535529 ns5:PlantMachinery 2024-03-31 01535529 ns5:MotorVehicles 2024-03-31 01535529 ns5:ComputerEquipment 2024-03-31 01535529 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01535529 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 01535529 ns5:WithinOneYear 2025-03-31 01535529 ns5:WithinOneYear 2024-03-31 01535529 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 01535529 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

RAM SERVICES LIMITED

RAM SERVICES LIMITED (REGISTERED NUMBER: 01535529)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

RAM SERVICES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | J T Best

| P Haworth

| REGISTERED OFFICE: | Holyoake House

| 240-244 Lowerhouse Lane

| Burnley

| Lancashire

| BB12 6NG

| REGISTERED NUMBER: | 01535529 (England and Wales)

| AUDITORS: | Wallwork Nelson & Johnson

| Chartered Accountants & Statutory Auditors

| Chandler House

| 7 Ferry Road Office Park

| Riversway

| Preston

| Lancashire

| PR2 2YH

RAM SERVICES LIMITED (REGISTERED NUMBER: 01535529)

BALANCE SHEET

31 MARCH 2025

| 31/3/25 | 31/3/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 929,433 |  | 793,479 |  |

CURRENT ASSETS

Stocks | 5 | 100,500 |  | 65,379 |  |

Debtors | 6 | 2,962,017 |  | 3,381,251 |  |

Cash at bank and in hand | 1,819,311 |  | 1,408,013 |  |

4,881,828 |  | 4,854,643 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,284,723 |  | 1,200,658 |  |

NET CURRENT ASSETS | 3,597,105 |  | 3,653,985 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,526,538 |  | 4,447,464 |  |

PROVISIONS FOR LIABILITIES | 138,184 |  | 119,568 |  |

NET ASSETS | 4,388,354 |  | 4,327,896 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,000 |  | 1,000 |  |

Revaluation reserve | 216,743 |  | 234,206 |  |

Retained earnings | 4,170,611 |  | 4,092,690 |  |

SHAREHOLDERS' FUNDS | 4,388,354 |  | 4,327,896 |  |

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 24 September 2025 and were signed on its behalf by:

P Haworth - Director

J T Best - Director

RAM SERVICES LIMITED (REGISTERED NUMBER: 01535529)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Ram Services 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. | 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.

| 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.

| Significant judgements and estimates

| In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both.

| The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below;

| Amounts owed by group undertakings

| The amount owed by group undertakings comprises an amount owed from a non-trading parent company and is repayable on demand. Therefore the future profitability of this company, and its ability to pay future dividends to its parent, could impact the recoverability of this balance. The Directors do not consider this balance is impaired but acknowledge there is judgement and some estimation uncertainty required in making this assessment.

| Valuation of tangible fixed assets

| The company's freehold property and plant and machinery are accounted for using the revaluation model. The valuation of these assets is subject to a degree of estimation uncertainty.

RAM SERVICES LIMITED (REGISTERED NUMBER: 01535529)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Revenue recognition

| The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when the risks and rewards of ownership have passed to the customer.

| Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

| Turnover

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

RAM SERVICES LIMITED (REGISTERED NUMBER: 01535529)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

| Freehold property - 1% straight line

| Plant and equipment - 10% straight line

| Office equipment - 15% reducing balance

| Motor vehicles - 25% reducing balance

| The profit or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible and

| intangible assets to determine whether there is any indication that those assets have suffered an

| impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the

| recoverable amount of an individual asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in profit and loss.

RAM SERVICES LIMITED (REGISTERED NUMBER: 01535529)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

| A basic financial instrument is a contract that gives rise to a financial asset in one entity and a financial liability or equity instrument of another entity.

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Financial assets classified as receivable within one year are not amortised. Trade and other debtors and amounts owed from group undertakings are measured at the undiscounted amount of cash or other consideration expected to be received.

| Financial assets are assessed for indicators of impairment at each reporting end date with any impairment loss being recognised in profit and loss.

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Basic financial liabilities, including creditors and bank loans are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Bank and other loans and hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid.

| Financial liabilities are derecognised when the company's obligations expire or are discharged or cancelled.

| 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.

RAM SERVICES LIMITED (REGISTERED NUMBER: 01535529)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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, including any lease incentives received, are charged to the profit and loss account on a straight line basis over the term of the lease except where another systematic basis is more representative of the time pattern in which the economic benefits from the leased assets are consumed.

| 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.

| Going concern

| The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 41 (2024 - 39 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 345,000 |  | 197,205 |  | 490,287 |  | 13,402 |  | 1,045,894 |  |

| Additions | - |  | 29,455 |  | 297,522 |  | 1,351 |  | 328,328 |  |

| Disposals | - |  | - |  | (111,281 | ) | - |  | (111,281 | ) |

| At 31 March 2025 | 345,000 |  | 226,660 |  | 676,528 |  | 14,753 |  | 1,262,941 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 69,400 |  | 177,644 |  | 5,371 |  | 252,415 |  |

| Charge for year | 3,450 |  | 21,226 |  | 109,317 |  | 1,221 |  | 135,214 |  |

| Eliminated on disposal | - |  | - |  | (54,121 | ) | - |  | (54,121 | ) |

| At 31 March 2025 | 3,450 |  | 90,626 |  | 232,840 |  | 6,592 |  | 333,508 |  |

| NET BOOK VALUE

| At 31 March 2025 | 341,550 |  | 136,034 |  | 443,688 |  | 8,161 |  | 929,433 |  |

| At 31 March 2024 | 345,000 |  | 127,805 |  | 312,643 |  | 8,031 |  | 793,479 |  |

RAM SERVICES LIMITED (REGISTERED NUMBER: 01535529)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS - continued

| Freehold property with a carrying amount of £341,550 (2024: £345,000) were revalued at 31 March 2024 by independent valuers not connected with the company, on the basis of market value.

| Plant and equipment with a carrying amount of £136,034 (2024: £127,805) was revalued at 31 March 2020 by the Directors based on the market value of those assets. It is the opinion of the Directors that these carrying values continue to reflect the open market value of those assets.

| If revalued assets were stated on an historical costs basis rather than fair value basis, the total amounts included would have been as follows:

| Freehold property & plant and machinery |  |

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Cost |  |  | 422,121 |  | 392,667 |  |

| Accumulated depreciation |  |  | (284,549) |  | (278,199) |  |

| Carrying value |  |  | 137,572 |  | 114,468 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2017 | 188,605 |  | - |  | - |  | - |  | 188,605 |  |

| Valuation in 2024 | 45,000 |  | - |  | - |  | - |  | 45,000 |  |

| Cost | 111,395 |  | 226,660 |  | 676,528 |  | 14,753 |  | 1,029,336 |  |

345,000 |  | 226,660 |  | 676,528 |  | 14,753 |  | 1,262,941 |  |

5. | STOCKS

| 31/3/25 |  | 31/3/24

£ | £ |

| Stock & work in progress | 100,500 |  | 65,379 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/3/25 |  | 31/3/24

£ | £ |

| Trade debtors | 1,163,094 |  | 1,265,252 |  |

| Amounts owed by group undertakings | 1,769,192 |  | 2,044,192 |  |

| Other debtors | 29,731 |  | 71,807 |  |

2,962,017 |  | 3,381,251 |  |

RAM SERVICES LIMITED (REGISTERED NUMBER: 01535529)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/3/25 |  | 31/3/24

£ | £ |

| Trade creditors | 549,473 |  | 575,254 |  |

| PAYE | 118,790 |  | 128,979 |  |

| Tax | 249,828 |  | 168,618 |  |

| VAT | 38,068 |  | 39,259 |  |

| Other creditors | 29,696 |  | 4,981 |  |

| Directors' current accounts | 73,525 |  | 75,050 |  |

| Accruals and deferred income | 225,343 |  | 208,517 |  |

1,284,723 |  | 1,200,658 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31/3/25 |  | 31/3/24

£ | £ |

| Within one year | - |  | 23,075 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31/3/25 |  | 31/3/24

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Ian Johnson FCCA (Senior Statutory Auditor)

| for and on behalf of Wallwork Nelson & Johnson

11. | RELATED PARTY DISCLOSURES

| Incudes in debtors as at 31 March 2025 is an amount of £1,769,192 (2024: £2,044,192) due from the parent company, Ram Services (Holdings) Limited. The amount is repayable on demand and therefore disclosed as falling due within one year. No interest has been charged.

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is the Directors as disclosed in the Directors Report on page 2 by virtue of their controlling shareholding in the parent company, Ram Services (Holdings) Limited.