Rayco Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC250619

		28 February 2026		31 May 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		2,768

			-		2,768
CURRENT ASSETS
Stocks	5	-		100,000
Debtors	6	111,411		68,360
Cash at bank and in hand		317,995		33,627

		429,406		201,987
Creditors: Amounts Falling Due Within One Year	7	(173,799 )		(86,733 )

NET CURRENT ASSETS (LIABILITIES)			255,607		115,254

TOTAL ASSETS LESS CURRENT LIABILITIES			255,607		118,022

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(692 )

NET ASSETS			255,607		117,330

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			255,605		117,328

SHAREHOLDERS' FUNDS			255,607		117,330

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Rayco Developments Limited

Balance Sheet (continued)

As At 28 February 2026

For the period ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Smith

Director

8th May 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Rayco Developments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC250619 . The registered office is 27 Grasshill Grange, Halls Head, WA, 6210.

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.

2.2. 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.

2.3. 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	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	33.33% reducing balance

2.4. 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.

2.5. Taxation

Corporation 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.

...CONTINUED

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Rayco Developments Limited

Notes to the Financial Statements (continued)

For the Period 1 June 2025 to 28 February 2026

2.5. Taxation - continued

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

3. Average Number of Employees

Average number of employees, including directors, during the period was:

	28 February 2026	31 May 2025
Office and administration	1	1
Manufacturing	1	1

	2	2

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2025	22,765	23,694	1,527	47,986
Disposals	(22,765 )	(23,694 )	(1,527 )	(47,986 )

As at 28 February 2026	-	-	-	-

Depreciation
As at 1 June 2025	21,786	22,443	989	45,218
Disposals	(21,786 )	(22,443 )	(989 )	(45,218 )

As at 28 February 2026	-	-	-	-

Net Book Value
As at 28 February 2026	-	-	-	-

As at 1 June 2025	979	1,251	538	2,768

5. Stocks

	28 February 2026	31 May 2025
	£	£
Work in progress	-	100,000

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Rayco Developments Limited

Notes to the Financial Statements (continued)

For the Period 1 June 2025 to 28 February 2026

6. Debtors

	28 February 2026	31 May 2025
	£	£
Due within one year
Trade debtors	25,180	180
Other debtors	7,111	7,111
Directors' loan accounts	79,120	61,069

	111,411	68,360

7. Creditors: Amounts Falling Due Within One Year

	28 February 2026	31 May 2025
	£	£
Trade creditors	1,181	28,150
Corporation tax	92,011	31,718
Other taxes and social security	5,703	7,415
VAT	71,305	15,569
Net wages	-	733
Accruals and deferred income	3,599	3,148

	173,799	86,733

8. Share Capital

	28 February 2026	31 May 2025
	£	£
Allotted, Called up and fully paid	2	2

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 June 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2026
	£	£	£	£	£
Mr Michael Smith	30,535	29,025	20,000	-	39,560
Mrs Laura Smith	30,534	29,026	20,000	-	39,560

The above loans are unsecured, interest free and repayable on demand.

10. Dividends

	28 February 2026	31 May 2025
	£	£
On equity shares:
Final dividend paid	40,000	31,600

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Rayco Developments Limited

Notes to the Financial Statements (continued)

For the Period 1 June 2025 to 28 February 2026

11. Ultimate Controlling Party

The company's ultimate controlling party are Michael and Laura Smith by virtue of their ownership of 100% of the issued share capital in the company.

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