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REGISTERED NUMBER: 07436872 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Ratna Trading UK Limited

Ratna Trading UK Limited (Registered number: 07436872)

Contents of the Financial Statements
for the Year Ended 30 November 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ratna Trading UK Limited

Company Information
for the Year Ended 30 November 2022







DIRECTORS: Mr Subramanyam Gali
Mrs Ratna Koteswari Gali





SECRETARY: Mrs Ratna Koteswari Gali





REGISTERED OFFICE: 24 Magnet Road
East Lane Business Park, Wembley
London
HA9 7NG





REGISTERED NUMBER: 07436872 (England and Wales)





ACCOUNTANTS: Ashford Associates UK Limited
Chartered Certified Accountants
74A High Street
Wanstead
London
E11 2RJ

Ratna Trading UK Limited (Registered number: 07436872)

Balance Sheet
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,596 26,553

CURRENT ASSETS
Stocks 5 690,000 630,000
Debtors 6 244,571 237,395
Cash at bank and in hand 8,148 62,665
942,719 930,060
CREDITORS
Amounts falling due within one year 7 897,115 949,564
NET CURRENT ASSETS/(LIABILITIES) 45,604 (19,504 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,200

7,049

PROVISIONS FOR LIABILITIES - 5,045
NET ASSETS 86,200 2,004

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 86,190 1,994
SHAREHOLDERS' FUNDS 86,200 2,004

Ratna Trading UK Limited (Registered number: 07436872)

Balance Sheet - continued
30 November 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

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 Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:




Mr Subramanyam Gali - Director



Mrs Ratna Koteswari Gali - Director


Ratna Trading UK Limited (Registered number: 07436872)

Notes to the Financial Statements
for the Year Ended 30 November 2022


1. STATUTORY INFORMATION

Ratna Trading UK 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.

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
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 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.

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 4 (2021 - 4 ) .

Ratna Trading UK Limited (Registered number: 07436872)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2021 28,944 36,266 5,058 70,268
Additions - 27,741 - 27,741
At 30 November 2022 28,944 64,007 5,058 98,009
DEPRECIATION
At 1 December 2021 19,013 21,203 3,499 43,715
Charge for year 2,483 10,701 514 13,698
At 30 November 2022 21,496 31,904 4,013 57,413
NET BOOK VALUE
At 30 November 2022 7,448 32,103 1,045 40,596
At 30 November 2021 9,931 15,063 1,559 26,553

5. STOCKS
2022 2021
£    £   
Stocks 690,000 630,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 244,571 237,395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 126,168 -
Trade creditors 358,441 358,420
Taxation and social security 82,260 64,495
Other creditors 330,246 526,649
897,115 949,564

8. ULTIMATE CONTROL PARTY

Mr & Mrs Gali own 100% of the shareholding in the company and therefor they are the ultimate controlling party.