ACCOUNTS - Final Accounts preparation

Registered number: NI012773

Ray Grahams Ltd

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2025

Ray Grahams Ltd

Registered number: NI012773

Balance Sheet

As at 31 December 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		323,834		117,551
			323,834		117,551
Current assets
Stocks		1,734,749		1,612,214
Debtors: amounts falling due within one year	5	1,195,798		1,356,770
Cash at bank and in hand	6	856,403		712,221
		3,786,950		3,681,205
Creditors: amounts falling due within one year	7	(681,243)		(575,787)
Net current assets			3,105,707		3,105,418
Total assets less current liabilities			3,429,541		3,222,969
Creditors: amounts falling due after more than one year	8		(115,663)		(17,866)
Provisions for liabilities
Deferred tax			(64,762)		(17,638)
Net assets			3,249,116		3,187,465

Capital and reserves
Called up share capital	701,006	701,006
Profit and loss account	2,548,110	2,486,459
	3,249,116	3,187,465

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Ray Grahams Ltd

Registered number: NI012773

Balance Sheet (continued)

As at 31 December 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 July 2026.

R M O'Hara

Director

The notes on pages 3 to 8 form part of these financial statements.

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Ray Grahams Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2025

1.	General information

Ray Grahams Ltd is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the Company Information section of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102A requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The Directors of Ray Grahams Ltd have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future.

2.3

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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Ray Grahams Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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Ray Grahams Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	2%	straight line
Motor vehicles	-	25%	straight line
Fixtures and fittings	-	10%	straight line
Computer equipment	-	33%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Stocks

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.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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Ray Grahams Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.13

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

2.14

Operating lease agreements

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 on a straight line basis.

2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Employees
	The average monthly number of employees, including directors, during the year was 40 (2024 - 36).

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Ray Grahams Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2025

4.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	366,734	527,596	11,041	905,371
Additions	218,199	16,587	30,855	265,641
Disposals	(115,825)	(17,925)	-	(133,750)
At 31 December 2025	469,108	526,258	41,896	1,037,262
Depreciation
At 1 January 2025	319,468	461,164	7,188	787,820
Charge for the year on owned assets	41,601	12,925	4,832	59,358
Disposals	(115,825)	(17,925)	-	(133,750)
At 31 December 2025	245,244	456,164	12,020	713,428
Net book value
At 31 December 2025	223,864	70,094	29,876	323,834
At 31 December 2024	47,266	66,433	3,853	117,552

Debtors

					2025	2024
					£	£


Trade debtors	252,449	217,906
Amounts owed by group undertakings	920,423	1,113,949
Prepayments and accrued income	22,926	24,915
	1,195,798	1,356,770

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	856,403	712,221
	856,403	712,221

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Ray Grahams Ltd

Notes to the Financial Statements

For the Year Ended 31 December 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	456,837	382,505
Corporation tax	40,551	69,885
Other taxation and social security	128,784	97,597
Obligations under finance lease and hire purchase contracts	40,803	11,063
Other creditors	3,522	2,898
Accruals and deferred income	10,746	11,839
	681,243	575,787

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Net obligations under finance leases and hire purchase contracts	115,663	17,866
	115,663	17,866

9.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £16,199 (2024 - £14,708). Contributions totalling £1,640 (2024 - £1,241) were payable to the fund at the balance sheet date and are included in creditors.

10.	Parent undertaking

The immediate and ultimate parent undertaking is RGL Group Limited, a company incorporated in Northern Ireland.

11.	Related party transactions

Ray Grahams Ltd is claiming exemption under FRS 102 Section 33.1A from disclosing transactions entered between members within the group.

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