Raymond Annett Limited 31/03/2025 iXBRL

Company registration number: NI630727

Raymond Annett Limited

Unaudited filleted financial statements

31 March 2025

Raymond Annett Limited

Contents

Directors and other information

Balance sheet

Notes to the financial statements

Raymond Annett Limited

Directors and other information


	Directors	Mr Raymond Annett
		Mrs Shirley Annett


	Company number	NI630727


	Registered office	55 Ballyveabeg Road
		Ballymartin
		Down
		BT34 4XJ


	Business address	55 Ballyveabeg Road
		Ballymartin
		Down
		BT34 4XJ


	Accountants	Jones Peters
		Chartered Accountants
		6 Church Street
		Banbridge
		Down
		BT32 4AA

Raymond Annett Limited

Balance sheet

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	410,550		432,587
		_______		_______
			410,550		432,587

Current assets
Debtors	7	323,593		289,133
Cash at bank and in hand		167,388		157,695
		_______		_______
		490,981		446,828
Creditors: amounts falling due
within one year	8	( 214,085)		( 168,216)
		_______		_______
Net current assets			276,896		278,612
			_______		_______
Total assets less current liabilities			687,446		711,199

Creditors: amounts falling due
after more than one year	9		( 104,652)		( 148,161)
			_______		_______
Net assets			582,794		563,038
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			582,792		563,036
			_______		_______
Shareholders funds			582,794		563,038
			_______		_______

For the 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and loss account and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 13 November 2025 , and are signed on behalf of the board by:

Mr Raymond Annett

Director

Company registration number: NI630727

Raymond Annett Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Raymond Annett Limited, 55 Ballyveabeg Road, Ballymartin, Down, BT34 4XJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	26,000	26,000
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	26,000	26,000
	_______	_______
Carrying amount
At 31 March 2025	-	-
	_______	_______
At 31 March 2024	-	-
	_______	_______

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 1 April 2024	75,981	691,440	5,554	-	2,314	775,289
Additions	-	74,475	-	81,295	-	155,770
Disposals	( 75,981)	-	-	-	-	( 75,981)
	_______	_______	_______	_______	_______	_______
At 31 March 2025	-	765,915	5,554	81,295	2,314	855,078
	_______	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	-	338,036	4,036	-	630	342,702
Charge for the year	-	100,483	378	544	421	101,826
	_______	_______	_______	_______	_______	_______
At 31 March 2025	-	438,519	4,414	544	1,051	444,528
	_______	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	-	327,396	1,140	80,751	1,263	410,550
	_______	_______	_______	_______	_______	_______
At 31 March 2024	75,981	353,404	1,518	-	1,684	432,587
	_______	_______	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	290,914	257,401
Other debtors	32,679	31,732
	_______	_______
	323,593	289,133
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,210	10,648
Trade creditors	92,568	32,073
Corporation tax	5,318	26,948
Social security and other taxes	22,580	38,398
Other creditors	87,409	60,149
	_______	_______
	214,085	168,216
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	11,091	17,620
Other creditors	93,561	130,541
	_______	_______
	104,652	148,161
	_______	_______