Registered number
11357404
RAJ BOROUGH LIMITED
Filleted Accounts
31 May 2023
RAJ BOROUGH LIMITED
Registered number: 11357404
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,853 2,059
Tangible assets 4 20,804 24,475
22,657 26,534
Current assets
Stocks 3,060 2,050
Debtors 5 3,295 3,064
Cash at bank and in hand 4,580 1,132
10,935 6,246
Creditors: amounts falling due within one year 6 (41,755) (71,001)
Net current liabilities (30,820) (64,755)
Total assets less current liabilities (8,163) (38,221)
Creditors: amounts falling due after more than one year 7 (30,671) -
Net liabilities (38,834) (38,221)
Capital and reserves
Called up share capital 100 100
Profit and loss account (38,934) (38,321)
Shareholder's funds (38,834) (38,221)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Milin Uddin
Director
Approved by the board on 13 October 2023
RAJ BOROUGH LIMITED
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Goodwill 10% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 3,136
At 31 May 2023 3,136
Amortisation
At 1 June 2022 1,077
Provided during the year 206
At 31 May 2023 1,283
Net book value
At 31 May 2023 1,853
At 31 May 2022 2,059
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 38,779
At 31 May 2023 38,779
Depreciation
At 1 June 2022 14,304
Charge for the year 3,671
At 31 May 2023 17,975
Net book value
At 31 May 2023 20,804
At 31 May 2022 24,475
5 Debtors 2023 2022
£ £
Trade debtors 3,295 3,064
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,340 46,155
Trade creditors 10,075 10,794
Taxation and social security costs 18,836 9,833
Other creditors 4,504 4,219
41,755 71,001
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 30,671 -
8 Other information
RAJ BOROUGH LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
31 High Street
Borough Green
Sevenoaks
TN15 8BT
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