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REGISTERED NUMBER: 12643330 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Fika Rutland Limited

Fika Rutland Limited (Registered number: 12643330)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fika Rutland Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: I Nanev
Miss T Naneva





REGISTERED OFFICE: 10d Mill St
Oakham
Rutland
LE15 6EA





REGISTERED NUMBER: 12643330 (England and Wales)





ACCOUNTANTS: CKBSS Ltd
61A South Street
Oakham
Rutland
LE156BG

Fika Rutland Limited (Registered number: 12643330)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,467 35,654

CURRENT ASSETS
Stocks 9,000 6,000
Debtors 5 21,897 27,695
Cash at bank 67,152 72,040
98,049 105,735
CREDITORS
Amounts falling due within one year 6 147,169 137,161
NET CURRENT LIABILITIES (49,120 ) (31,426 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,347

4,228

PROVISIONS FOR LIABILITIES 11,678 6,904
NET ASSETS/(LIABILITIES) 669 (2,676 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 569 (2,776 )
669 (2,676 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Fika Rutland Limited (Registered number: 12643330)

Statement of Financial Position - continued
30 June 2023


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 9 October 2023 and were signed on its behalf by:




I Nanev - Director



Miss T Naneva - Director


Fika Rutland Limited (Registered number: 12643330)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Fika Rutland 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fika Rutland Limited (Registered number: 12643330)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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 28 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 32,410 13,247 1,973 47,630
Additions 20,694 15,856 4,629 41,179
At 30 June 2023 53,104 29,103 6,602 88,809
DEPRECIATION
At 1 July 2022 8,038 3,516 422 11,976
Charge for year 9,013 5,117 1,236 15,366
At 30 June 2023 17,051 8,633 1,658 27,342
NET BOOK VALUE
At 30 June 2023 36,053 20,470 4,944 61,467
At 30 June 2022 24,372 9,731 1,551 35,654

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 3,469 2,861
Other debtors 18,428 24,834
21,897 27,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 34,267 27,461
Taxation and social security 77,955 56,281
Other creditors 34,947 53,419
147,169 137,161