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
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
Richway Food and Wine Ltd
Statement of financial position
as at 31 August 2023
Intangible assets
16,100
17,400
Tangible assets
14,314
16,709
Cash at bank and in hand
208
169
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)
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
Richway Food and Wine Ltd
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2022
20,000
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
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
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
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
Trade creditors
3,450
3,736
Taxes and social security
4,913
3,417
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).