Registered number
SC721646
RICKY FOOD LTD
348 Main Street
Stenhousemuir
Larbert
Filleted Accounts
for the period from 1 February 2022 to 28 February 2023
Yousaf & Co. Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref:R149/TM
RICKY FOOD LTD
Registered number: SC721646
Balance Sheet
as at 28 February 2023
Notes
£
Fixed assets
Tangible assets 3 36,000
Current assets
Stocks 4,910
Debtors 4 2,618
Cash at bank and in hand 8,434
15,962
Creditors: amounts falling due within one year 5 (31,381)
Net current liabilities (15,419)
Total assets less current liabilities 20,581
Creditors: amounts falling due after more than one year 6 (10,820)
Net assets 9,761
Capital and reserves
Called up share capital 100
Profit and loss account 9,661
Shareholder's funds 9,761
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 his 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.
Mr Kaif Nadeem Tahir
Director
Approved by the board on 18 October 2023
RICKY FOOD LTD
Notes to the Accounts
for the period from 1 February 2022 to 28 February 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.
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:
Fixtures, fittings, tools and equipment 10% reducing basis
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees
Number
Average number of persons employed by the company 10
3 Tangible fixed assets
Fixture and fittings etc
£
Cost
Additions 40,000
At 28 February 2023 40,000
Depreciation
Charge for the period 4,000
At 28 February 2023 4,000
Net book value
At 28 February 2023 36,000
4 Debtors
£
Trade debtors 2,618
5 Creditors: amounts falling due within one year
£
Trade creditors 6,175
Taxation and social security costs 25,206
31,381
6 Creditors: amounts falling due after one year
£
Director's Loan account 10,820
RICKY FOOD LTD SC721646 false 2022-02-01 2023-02-28 2023-02-28 VT Final Accounts April 2022 Mr Kaif Nadeem Tahir No description of principal activity SC721646 2022-02-01 2023-02-28 SC721646 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-02-28 SC721646 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-02-28 SC721646 bus:Director40 2022-02-01 2023-02-28 SC721646 1 2022-02-01 2023-02-28 SC721646 2 2022-02-01 2023-02-28 SC721646 bus:FRS102 2022-02-01 2023-02-28 SC721646 bus:FullAccounts 2022-02-01 2023-02-28 SC721646 2023-02-28 SC721646 core:WithinOneYear 2023-02-28 SC721646 core:AfterOneYear 2023-02-28 SC721646 core:ShareCapital 2023-02-28 SC721646 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC721646 2022-01-31 iso4217:GBP xbrli:pure