1.
General Information
Ram Technical Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
15694561
. The registered office is Second Floor, Curzon House, 24 High Street, Banstead, Surrey, SM7 2LJ.
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.
Going Concern Disclosure
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed this and considers it appropriate to prepare the financial statements on a going concern basis due to the continued support received from a related company.
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.
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.
Ram Technical Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.5.
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: 2 (2024: NIL)
4.
Tax on Profit
| Tax Rate | 30 November 2025 | 30 November 2024 | |||
|---|---|---|---|---|---|
| 30 November 2025 | 30 November 2024 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 19.0% | - |
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| Total tax charge for the period |
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Ram Technical Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
| 30 November 2025 | 30 November 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Profit before tax | 5,829 | - | |||
| Breakdown of tax charge is: | |||||
| Tax on profit at 19% (UK standard rate) |
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| Total tax charge for the period | 1,108 | - | |||
5.
Stocks
| 30 November 2025 | 30 November 2024 | ||
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| £ | £ | ||
| Stock |
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6.
Debtors
| 30 November 2025 | 30 November 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Social security and other taxes |
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| Called up share capital not paid |
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7.
Creditors: Amounts Falling Due Within One Year
| 30 November 2025 | 30 November 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other creditors |
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| Accruals and deferred income |
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| Amounts owed to related parties |
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Ram Technical Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
Ram Technical Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
9.
Related Party Transactions
The directors R Nugent and M Tate are also directors of K-Sparks Electrical Services Ltd. During the year under review K-Sparks Electrical Services Ltd paid for expenses on behalf of RAM Technical Limited of £113,066 (2024: £Nil).
At the balance sheet date, the amounts outstanding were as follows:
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2025
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2024
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Due from
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Due to
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Due from
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Due to
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£
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£
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£
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£
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K-Sparks Electrical Services Ltd
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-
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115,679
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-
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-
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![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
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115,679
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-
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10.
Ultimate Controlling Party
The company's ultimate controlling party is
the directors
.