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REGISTERED NUMBER: 03483901 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

RACHEL RILEY LIMITED

RACHEL RILEY LIMITED (REGISTERED NUMBER: 03483901)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

RACHEL RILEY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTORS: R Riley
D Jouanneau





REGISTERED OFFICE: 11 Osram Road
Ground Floor
East Lane Business Park
Wembley
London
HA9 7NG





REGISTERED NUMBER: 03483901 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co Limited
'Danesbury House'
49 Cardiff Road
Luton
Bedfordshire
LU1 1PP

RACHEL RILEY LIMITED (REGISTERED NUMBER: 03483901)

ABRIDGED BALANCE SHEET
31 December 2022

2021 2022
£    Notes £   
FIXED ASSETS
47,814 Tangible assets 4 42,730

CURRENT ASSETS
597,165 Stocks 758,283
439,331 Debtors 510,503
39,628 Cash at bank and in hand 62,892
1,076,124 1,331,678
CREDITORS
(369,129 ) Amounts falling due within one year (603,022 )
706,995 NET CURRENT ASSETS 728,656
754,809 TOTAL ASSETS LESS CURRENT
LIABILITIES

771,386

CREDITORS
(376,054 ) Amounts falling due after more than one
year

(234,766

)
378,755 NET ASSETS 536,620

CAPITAL AND RESERVES
100 Called up share capital 100
378,655 Retained earnings 536,520
378,755 536,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

RACHEL RILEY LIMITED (REGISTERED NUMBER: 03483901)

ABRIDGED BALANCE SHEET - continued
31 December 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2023 and were signed on its behalf by:





R Riley - Director


RACHEL RILEY LIMITED (REGISTERED NUMBER: 03483901)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

Rachel Riley Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03483901and its registered office is 11 Osram Road, Ground Floor, East Lane Business Park, Wembley, HA9 7NG.

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.
Equipment, fixtures & fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 13 ) .

RACHEL RILEY LIMITED (REGISTERED NUMBER: 03483901)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 168,308
Additions 3,052
At 31 December 2022 171,360
DEPRECIATION
At 1 January 2022 120,494
Charge for year 8,136
At 31 December 2022 128,630
NET BOOK VALUE
At 31 December 2022 42,730
At 31 December 2021 47,814

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
R Riley and D Jouanneau
Balance outstanding at start of year 3,251 7,172
Amounts repaid (2,589 ) (3,921 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 662 3,251

£4,000 has been declared and paid to R Riley, with D Jouanneau waving his rights to his entitlement.

RACHEL RILEY LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
RACHEL RILEY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2022 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F E Hawkes & Co Limited
'Danesbury House'
49 Cardiff Road
Luton
Bedfordshire
LU1 1PP


9 June 2023