Registration number: 04227961

Ralley Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

Ralley Limited

(Registration number: 04227961)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	492,676	587,392
Current assets
Stocks	5	127,102	121,217
Debtors	6	797,269	624,527
Cash at bank and in hand		5,574	164,212
		929,945	909,956
Creditors: Amounts falling due within one year	7	(565,118)	(558,274)
Net current assets		364,827	351,682
Total assets less current liabilities		857,503	939,074
Creditors: Amounts falling due after more than one year	7	(106,960)	(177,008)
Provisions for liabilities		(36,919)	(52,629)
Net assets		713,624	709,437
Capital and reserves
Called up share capital	8	200	200
Retained earnings		713,424	709,237
Shareholders' funds		713,624	709,437

Ralley Limited

(Registration number: 04227961)
Balance Sheet as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Julian Leslie Ralley Director

......................................... Justin Lee Ralley Director

Ralley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 7
Ashmead Business Centre
Ashmead Road
Keynsham
Bristol
BS31 1SX
England

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Ralley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2%-10% straight line
Plant and machinery	25% reducing balance
Fixtures and fittings	25% reducing balance
Motor vehicles	25% reducing balance
Office equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Ralley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Ralley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2024 - 25).

Ralley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 April 2024	378,124	3,125	138,094	24,847
Additions	-	-	4,470	3,714
Disposals	(1,558)	-	(9,085)	(5,126)
At 31 March 2025	376,566	3,125	133,479	23,435
Depreciation
At 1 April 2024	86,787	2,429	73,465	14,095
Charge for the year	7,562	174	16,383	3,306
Eliminated on disposal	(1,275)	-	(8,164)	(4,678)
At 31 March 2025	93,074	2,603	81,684	12,723
Carrying amount
At 31 March 2025	283,492	522	51,795	10,712
At 31 March 2024	291,337	696	64,629	10,752

	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	525,540	1,069,730
Additions	-	8,184
Disposals	(102,473)	(118,242)
At 31 March 2025	423,067	959,672
Depreciation
At 1 April 2024	305,562	482,338
Charge for the year	49,133	76,558
Eliminated on disposal	(77,783)	(91,900)
At 31 March 2025	276,912	466,996
Carrying amount
At 31 March 2025	146,155	492,676
At 31 March 2024	219,978	587,392

Ralley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets (continued)

Included within the net book value of land and buildings above is £283,492 (2024 - £291,337) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Work in progress	127,102	121,217

6

Debtors

Current	2025 £	2024 £
Trade debtors	434,007	497,542
Prepayments	201,834	7,858
Other debtors	161,428	119,127
	797,269	624,527

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	66,672	90,902
Trade creditors		302,020	194,513
Taxation and social security		186,271	192,313
Accruals and deferred income		10,155	40,822
Other creditors		-	39,724
		565,118	558,274

Creditors include a bank loan of £20,890 (2024 - £20,884) which is secured against the trading property of the business.

Creditors also include net obligations under finance lease and hire purchase contracts of £45,782 (2024 - £70,018) which are secured against the underlying assets to which they relate.

Ralley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7	Creditors (continued)

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	106,960	177,008

Creditors include a bank loan of £116,531 (2024 - £141,149) which is secured against the trading property of the business.

Creditors also include net obligations under finance lease and hire purchase contracts of £57,101 (2024 - £126,761) which are secured against the underlying assets to which they relate.

Ralley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100
Ordinary A shares of £1 each	30	30	30	30
Ordinary B shares of £1 each	30	30	30	30
Ordinary C shares of £1 each	20	20	20	20
Ordinary D shares of £1 each	20	20	20	20
	200	200	200	200

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	95,641	120,265
Hire purchase contracts	11,319	56,743
	106,960	177,008

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	20,890	20,884
Hire purchase contracts	45,782	70,018
	66,672	90,902

10	Related party transactions

Other transactions with directors

At the balance sheet date, the directors owed the company a balance of £10,208. The outstanding balance was repaid, in full, following the year end.