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Company Registration No. 12838210 (England and Wales)
Richway Food and Wine Ltd Unaudited accounts for the year ended 31 August 2023
Richway Food and Wine Ltd Unaudited accounts Contents
Page
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Richway Food and Wine Ltd Company Information for the year ended 31 August 2023
Director
Rasiah NAVASEELAN
Company Number
12838210 (England and Wales)
Registered Office
120 NURSERY ROAD TAPLOW MAIDENHEAD SL6 0JU ENGLAND
Accountants
SAJA Accountancy Ltd Unit A2C Redlands Coulsdon Surrey CR5 2HT
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Richway Food and Wine Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
16,100 
17,400 
Tangible assets
14,314 
16,709 
30,414 
34,109 
Current assets
Inventories
32,000 
29,000 
Debtors
4,750 
4,750 
Cash at bank and in hand
208 
169 
36,958 
33,919 
Creditors: amounts falling due within one year
(12,519)
(9,195)
Net current assets
24,439 
24,724 
Total assets less current liabilities
54,853 
58,833 
Creditors: amounts falling due after more than one year
(30,016)
(44,668)
Net assets
24,837 
14,165 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
24,737 
14,065 
Shareholders' funds
24,837 
14,165 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 March 2024 and were signed on its behalf by
Rasiah NAVASEELAN Director Company Registration No. 12838210
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Richway Food and Wine Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Richway Food and Wine Ltd is a private company, limited by shares, registered in England and Wales, registration number 12838210. The registered office is 120 NURSERY ROAD, TAPLOW, MAIDENHEAD, SL6 0JU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2.5% Straight Line Method
Plant & machinery
6.7% Straight Line Method
Motor vehicles
25% Straight Line Method from 2nd year of purchase year
Fixtures & fittings
10% Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
20,000 
At 31 August 2023
20,000 
Amortisation
At 1 September 2022
2,600 
Charge for the year
1,300 
At 31 August 2023
3,900 
Net book value
At 31 August 2023
16,100 
At 31 August 2022
17,400 
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Richway Food and Wine Ltd Notes to the Accounts for the year ended 31 August 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
3,600 
3,799 
6,400 
4,500 
18,299 
At 31 August 2023
3,600 
3,799 
6,400 
4,500 
18,299 
Depreciation
At 1 September 2022
180 
510 
- 
900 
1,590 
Charge for the year
90 
255 
1,600 
450 
2,395 
At 31 August 2023
270 
765 
1,600 
1,350 
3,985 
Net book value
At 31 August 2023
3,330 
3,034 
4,800 
3,150 
14,314 
At 31 August 2022
3,420 
3,289 
6,400 
3,600 
16,709 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Accrued income and prepayments
4,750 
4,750 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,112 
615 
Trade creditors
3,450 
3,736 
Taxes and social security
4,913 
3,417 
Accruals
3,044 
1,427 
12,519 
9,195 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
30,016 
44,668 
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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