Raptic Contracts Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Raptic Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10078921 . The registered office is 85 Great Portland Street, London, W1W 7LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.These financial statements have been prepared in compliance with Section 1A of FRS 102.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

10% Straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Raptic Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	-
Additions	296,300

As at 31 March 2025	296,300

Depreciation
As at 1 April 2024	-
Provided during the period	29,630

As at 31 March 2025	29,630

Net Book Value
As at 31 March 2025	266,670

As at 1 April 2024	-

5. Stocks

	2025	2024
	£	£
Work in progress	399,132	407,408

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Raptic Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	233,932	479,240
Other debtors	233,509	142,063

	467,441	621,303

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	102,528	42,479
Bank loans and overdrafts	2,662	-
Amounts owed to participating interests	318,425	769,586
Other creditors	179,142	2,812
Taxation and social security	171,721	88,623

	774,478	903,500

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	66,667	-

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

Acrow Rentals (NI) Ltd

A director is a close family member of the owner/director of the related entity

Net purchase of services at arms length to the value of £372,000; balance due at year end £446,400 (2024: £Nil) disclosed in creditors less than one year.

Raptic Ltd

A director is a close family member of the owner/director of the related entity

Net purchase of services at arms length to the value of £304,345; balance due at year end £450,091 (2024: £308,586) disclosed in creditors less than one year.

Acrow Formwork (NI) Ltd

A director is a close family member of the owner/director of the related entity

No net purchases in the period; balance due at year end £685,066 (2024: £436,000 creditor) disclosed in creditors less than one year.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		266,670		-

			266,670		-
CURRENT ASSETS
Stocks	5	399,132		407,408
Debtors	6	467,441		621,303
Cash at bank and in hand		667,742		114,337

		1,534,315		1,143,048
Creditors: Amounts Falling Due Within One Year	7	(774,478 )		(903,500 )

NET CURRENT ASSETS (LIABILITIES)			759,837		239,548

TOTAL ASSETS LESS CURRENT LIABILITIES			1,026,507		239,548

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(66,667 )		-

NET ASSETS			959,840		239,548

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			959,839		239,547

SHAREHOLDERS' FUNDS			959,840		239,548