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 2021

for

RAW INC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mrs C M White

Mr T J White

Registered office:

2a 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

71,521

57,548

Current assets

Stocks

4,500

2,750

Debtors

5

1,339

1,096

Cash at bank and in hand

110,862

30,013

116,701

33,859

Creditors

Amounts falling due within one year

6

68,070

55,147

Net current assets/(liabilities)

48,631

(21,288

)

Total assets less current liabilities

120,152

36,260

Creditors

Amounts falling due after more than one year

7

(42,525

)

(25,000

)

Provisions for liabilities

9

(13,581

)

(10,934

)

Net assets

64,046

326

Capital and reserves

Called up share capital

10

2

2

Retained earnings

64,044

324

Shareholders' funds

64,046

326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 24 January 2022 and were signed on its behalf by:

Mr T J White - Director

Mrs 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% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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 (2020 - 2 ) .

4.	Tangible fixed assets

Fixtures

Improvements

Plant and

and

Computer

to property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2020

52,910

26,172

3,000

2,003

84,085

Additions

-

24,516

729

1,695

26,940

At 31 March 2021

52,910

50,688

3,729

3,698

111,025

Depreciation

At 1 April 2020

8,760

17,323

217

237

26,537

Charge for year

5,291

6,308

737

631

12,967

At 31 March 2021

14,051

23,631

954

868

39,504

Net book value

At 31 March 2021

38,859

27,057

2,775

2,830

71,521

At 31 March 2020

44,150

8,849

2,783

1,766

57,548

5.

Debtors: amounts falling due within one year

2021

2020

£

£

Other debtors

1,339

1,096

6.

Creditors: amounts falling due within one year

2021

2020

£

£

Bank loans and overdrafts

4,725

-

Trade creditors

-

72

Taxation and social security

27,179

12,744

Other creditors

36,166

42,331

68,070

55,147

7.

Creditors: amounts falling due after more than one year

2021

2020

£

£

Bank loans

42,525

-

Other creditors

-

25,000

42,525

25,000

8.	Leasing agreements

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

2021

2020

£

£

Within one year

42,500

42,500

Between one and five years

46,042

88,542

88,542

131,042

9.	Provisions for liabilities

2021

2020

£

£

Deferred tax

13,581

10,934

Deferred tax

£

Balance at 1 April 2020

10,934

Provided during year

2,647

Balance at 31 March 2021

13,581

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary

£1

2

2

11.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

Mr T J White and Mrs C M White

Balance outstanding at start of year

(35,814

)

(52,174

)

Amounts advanced

32,049

49,510

Amounts repaid

(30,000

)

(33,150

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(33,765

)

(35,814

)