Raw Inc Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08531984 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

RAW INC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Miss C M White

Mr T J White

Registered office:

Rodwell House

Vicarage Road

Hornchurch

Essex

RM12 4AT

Registered number:

08531984 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Tangible assets

4

53,339

4,155

Current assets

Stocks

2,476

-

Debtors

5

1,076

-

Cash at bank and in hand

28,355

24,513

31,907

24,513

Creditors

Amounts falling due within one year

6

60,235

31,854

Net current liabilities

(28,328

)

(7,341

)

Total assets less current liabilities

25,011

(3,186

)

Creditors

Amounts falling due after more than one year

7

25,000

-

Net assets/(liabilities)

11

(3,186

)

Capital and reserves

Called up share capital

9

2

2

Retained earnings

9

(3,188

)

Shareholders' funds

11

(3,186

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 24 April 2019 and were signed on its behalf by:

Mr T J White - Director

Miss C M White - Director

1.	Statutory information

Raw Inc Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

3.	Employees and directors

The average number of employees during the year was 2 (2018 - 2 ) .

4.	Tangible fixed assets

Improvements

Plant and

to property

machinery

Totals

£

£

£

Cost

At 1 April 2018

-

15,110

15,110

Additions

52,910

2,489

55,399

At 31 March 2019

52,910

17,599

70,509

Depreciation

At 1 April 2018

-

10,955

10,955

Charge for year

3,469

2,746

6,215

At 31 March 2019

3,469

13,701

17,170

Net book value

At 31 March 2019

49,441

3,898

53,339

At 31 March 2018

-

4,155

4,155

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Other debtors

1,076

-

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Taxation and social security

5,660

-

Other creditors

54,575

31,854

60,235

31,854

7.

Creditors: amounts falling due after more than one year

2019

2018

£

£

Other creditors

25,000

-

8.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

42,500

-

Between one and five years

131,042

-

173,542

-

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

2

Ordinary

£1

2

2

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the year ended 31 March 2019 and the period

ended 31 March 2018:

2019

2018

£

£

Mr T J White and Miss C M White

Balance outstanding at start of year

(20,914

)

(10,976

)

Amounts advanced

43,618

-

Amounts repaid

(74,878

)

(9,938

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(52,174

)

(20,914

)