REGISTERED NUMBER: 01535529 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

RAM SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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.

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.

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.

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.

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

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

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.