0 false false false false false false false false false true false false true true true true true No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 64,497 64,497 64,497 xbrli:pure xbrli:shares iso4217:GBP 07461649 2022-04-01 2023-03-31 07461649 2023-03-31 07461649 2022-03-31 07461649 2021-04-01 2022-03-31 07461649 2022-03-31 07461649 core:FurnitureFittings 2022-04-01 2023-03-31 07461649 bus:Director1 2022-04-01 2023-03-31 07461649 core:FurnitureFittings 2022-03-31 07461649 core:FurnitureFittings 2023-03-31 07461649 core:WithinOneYear 2023-03-31 07461649 core:WithinOneYear 2022-03-31 07461649 core:ShareCapital 2023-03-31 07461649 core:ShareCapital 2022-03-31 07461649 core:RetainedEarningsAccumulatedLosses 2023-03-31 07461649 core:RetainedEarningsAccumulatedLosses 2022-03-31 07461649 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 07461649 core:Non-currentFinancialInstruments 2023-03-31 07461649 core:Non-currentFinancialInstruments 2022-03-31 07461649 core:FurnitureFittings 2022-03-31 07461649 bus:SmallEntities 2022-04-01 2023-03-31 07461649 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07461649 bus:FullAccounts 2022-04-01 2023-03-31 07461649 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07461649 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07461649 core:OfficeEquipment 2022-04-01 2023-03-31 07461649 core:OfficeEquipment 2023-03-31 07461649 core:OfficeEquipment 2022-03-31
COMPANY REGISTRATION NUMBER: 07461649
RACHEL ZEITLIN LIMITED
Filleted Unaudited Financial Statements
31 March 2023
RACHEL ZEITLIN LIMITED
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
7,926
10,567
Investments
5
64,497
64,497
--------
--------
72,423
75,064
Current assets
Stocks
494,215
525,746
Debtors
6
16,234
13,607
Cash at bank and in hand
54,258
75,838
---------
---------
564,707
615,191
Creditors: amounts falling due within one year
7
681,688
701,357
---------
---------
Net current liabilities
116,981
86,166
---------
--------
Total assets less current liabilities
( 44,558)
( 11,102)
--------
--------
Net liabilities
( 44,558)
( 11,102)
--------
--------
Capital and reserves
Called up share capital
4
4
Profit and loss account
( 44,562)
( 11,106)
--------
--------
Shareholder deficit
( 44,558)
( 11,102)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RACHEL ZEITLIN LIMITED
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 8 November 2023 , and are signed on behalf of the board by:
Ms. R Zeitlin
Director
Company registration number: 07461649
RACHEL ZEITLIN LIMITED
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 6 & 7 The Edge Business Centre, Humber Road, London, NW2 6EW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
c) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Office equipment and furniture
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 April 2022 and 31 March 2023
25,110
3,968
29,078
--------
-------
--------
Depreciation
At 1 April 2022
18,193
318
18,511
Charge for the year
1,729
912
2,641
--------
-------
--------
At 31 March 2023
19,922
1,230
21,152
--------
-------
--------
Carrying amount
At 31 March 2023
5,188
2,738
7,926
--------
-------
--------
At 31 March 2022
6,917
3,650
10,567
--------
-------
--------
5. Investments
Other investments other than loans
£
Cost
At 1 April 2022 and 31 March 2023
64,497
--------
Impairment
At 1 April 2022 and 31 March 2023
--------
Carrying amount
At 31 March 2023
64,497
--------
At 31 March 2022
64,497
--------
6. Debtors
2023
2022
£
£
Trade debtors
576
53
Other debtors
15,658
13,554
--------
--------
16,234
13,607
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
5,146
Social security and other taxes
2,257
Other creditors
1,250
1,394
Other creditors
680,438
692,560
---------
---------
681,688
701,357
---------
---------
8. Related party transactions
The company was under the control of Ms R Zeitlin throughout the current year. Ms R Zeitlin is the managing director and majority shareholder.