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REGISTERED NUMBER: 07365451 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

RAKS Solutions Ltd

RAKS Solutions Ltd (Registered number: 07365451)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAKS Solutions Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: R Jhanji





REGISTERED OFFICE: Chichester Enterprise Centre
Terminus Road
Chichester
West Sussex
PO19 8FY





REGISTERED NUMBER: 07365451 (England and Wales)





ACCOUNTANTS: Smithe & Co Limited
Chichester Enterprise Centre
Terminus Road
Chichester
West Sussex
PO19 8FY

RAKS Solutions Ltd (Registered number: 07365451)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,005 7,218

CURRENT ASSETS
Debtors 5 - 6,090
Cash at bank 32,243 70,000
32,243 76,090
CREDITORS
Amounts falling due within one year 6 12,996 16,724
NET CURRENT ASSETS 19,247 59,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,252

66,584

PROVISIONS FOR LIABILITIES 1,150 1,371
NET ASSETS 23,102 65,213

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,100 65,211
SHAREHOLDERS' FUNDS 23,102 65,213

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:




R Jhanji - Director


RAKS Solutions Ltd (Registered number: 07365451)

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

1. STATUTORY INFORMATION

RAKS Solutions Ltd 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.

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 etc - 25% on reducing balance and Straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

RAKS Solutions Ltd (Registered number: 07365451)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 24,838
Additions 5,335
Disposals (18,700 )
At 30 September 2023 11,473
DEPRECIATION
At 1 October 2022 17,620
Charge for year 3,459
Eliminated on disposal (14,611 )
At 30 September 2023 6,468
NET BOOK VALUE
At 30 September 2023 5,005
At 30 September 2022 7,218

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors - 6,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Taxation and social security 11,997 15,214
Other creditors 999 1,510
12,996 16,724