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Registered number: 07413354
R.A.W. Precision Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Key Accountancy Services
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07413354
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 15,335 19,063
15,335 19,063
CURRENT ASSETS
Stocks 6 15,000 15,000
Debtors 7 29,942 42,509
Cash at bank and in hand 39,641 29,169
84,583 86,678
Creditors: Amounts Falling Due Within One Year 8 (79,737 ) (80,754 )
NET CURRENT ASSETS (LIABILITIES) 4,846 5,924
TOTAL ASSETS LESS CURRENT LIABILITIES 20,181 24,987
Creditors: Amounts Falling Due After More Than One Year 9 (15,571 ) (19,976 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,834 ) (4,365 )
NET ASSETS 776 646
CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 14 4,350 4,350
Profit and Loss Account (3,674 ) (3,804 )
SHAREHOLDERS' FUNDS 776 646
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For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Robert Wood
Director
18 May 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
R.A.W. Precision Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07413354 . The registered office is Unit 10, Moss Lane Business Centre, Sandbach, Cheshire, CW11 3YX.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 3 years straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
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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: 5 (2024: 4)
5 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 3,000
As at 31 October 2025 3,000
Amortisation
As at 1 November 2024 3,000
As at 31 October 2025 3,000
Net Book Value
As at 31 October 2025 -
As at 1 November 2024 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2024 13,620 41,123 3,388 58,131
Additions 308 - 1,075 1,383
As at 31 October 2025 13,928 41,123 4,463 59,514
Depreciation
As at 1 November 2024 9,608 26,588 2,872 39,068
Provided during the period 1,061 3,634 416 5,111
As at 31 October 2025 10,669 30,222 3,288 44,179
Net Book Value
As at 31 October 2025 3,259 10,901 1,175 15,335
As at 1 November 2024 4,012 14,535 516 19,063
6. Stocks
2025 2024
£ £
Materials 15,000 15,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 22,770 26,996
Amounts owed by participating interests 240 240
Other debtors 6,932 15,273
29,942 42,509
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 364
Trade creditors 17,328 17,605
Bank loans and overdrafts 4,405 4,405
Corporation tax 41,258 27,894
Other taxes and social security 2,055 1,025
VAT 9,356 13,179
Other creditors 1,288 229
Other creditors (1) 84 -
Accruals and deferred income 3,963 16,053
79,737 80,754
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 15,571 19,976
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 364
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 3,698 -
Later than one year and not later than five years 6,472 -
10,170 -
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Mr Robert Wood 10,807 49,801 59,161 - 1,447
The above loan is unsecured, interest free and repayable on demand.
14. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 November 2024 4,350 (3,804 )
Profit for the year and total comprehensive income - 50,630
Dividends paid - (50,500)
As at 31 October 2025 4,350 (3,674 )
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