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Company Registration No. 10766273 (England and Wales)
Riwaaz Boutique Limited Unaudited accounts for the year ended 31 May 2022
Riwaaz Boutique Limited Unaudited accounts Contents
Page
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Riwaaz Boutique Limited Company Information for the year ended 31 May 2022
Director
Aditya Sharma
Company Number
10766273 (England and Wales)
Accountants
Oak Accountants 36 Uxendon Crescent Wembley Middlesex HA9 9TN
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Riwaaz Boutique Limited Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,250 
- 
Current assets
Inventories
46,875 
25,875 
Debtors
985 
- 
Cash at bank and in hand
7,049 
19,792 
54,909 
45,667 
Creditors: amounts falling due within one year
(48,368)
(41,330)
Net current assets
6,541 
4,337 
Total assets less current liabilities
19,791 
4,337 
Creditors: amounts falling due after more than one year
(15,600)
- 
Net assets
4,191 
4,337 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,091 
4,237 
Shareholders' funds
4,191 
4,337 
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2022 and were signed on its behalf by
Aditya Sharma Director Company Registration No. 10766273
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Riwaaz Boutique Limited Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
Riwaaz Boutique Limited is a private company, limited by shares, registered in England and Wales, registration number 10766273.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on costs straight line basis
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2021
- 
Additions
15,000 
At 31 May 2022
15,000 
Depreciation
Charge for the year
1,750 
At 31 May 2022
1,750 
Net book value
At 31 May 2022
13,250 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other debtors
985 
- 
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Riwaaz Boutique Limited Notes to the Accounts for the year ended 31 May 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
35,617 
25,822 
Taxes and social security
640 
5,787 
Other creditors
12,111 
7,495 
Loans from directors
- 
2,226 
48,368 
41,330 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
15,600 
- 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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