2022-11-01 NI609532 2023-10-31 NI609532 2022-11-01 2023-10-31 NI609532 2022-10-31 NI609532 2021-11-01 2022-10-31 NI609532 uk-core:WithinOneYear 2022-10-31 NI609532 uk-core:WithinOneYear 2023-10-31 NI609532 uk-core:ShareCapital 2023-10-31 NI609532 uk-core:ShareCapital 2022-10-31 NI609532 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI609532 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 NI609532 uk-bus:Director1 2022-11-01 2023-10-31 NI609532 uk-core:AfterOneYear 2023-10-31 NI609532 uk-core:AfterOneYear 2022-10-31 NI609532 3 uk-bus:Director1 2022-11-01 2023-10-31 NI609532 3 uk-bus:Director1 2023-10-31 NI609532 3 uk-bus:Director1 2022-10-31 iso4217:GBP xbrli:pure NI609532 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 NI609532 uk-bus:FRS102 2022-11-01 2023-10-31 NI609532 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 NI609532 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Rahul Gupta Ltd
Registered Number:NI609532
For the year ended 31 October 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 October 2023
Rahul Gupta Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI609532
As at 31 October 2023
Rahul Gupta Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
887
1,274
2
Financial assets
489,955
-
887
491,229
Current assets
Trade and other receivables
268,220
317,443
3
847,877
Cash and cash equivalents
1,682,916
2,000,359
1,116,097
Trade and other payables: amounts falling due within one
year
(128,116)
(170,542)
4
987,981
1,829,817
Net current assets
Total assets less current liabilities
1,830,704
1,479,210
1,830,704
Net assets
1,479,210
Capital and reserves
Called up share capital
1
1
Retained earnings
1,830,703
1,479,209
1,830,704
1,479,210
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dr Rahul Gupta Director
These financial statements were approved and authorised for issue by the Board on 13 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2023
Rahul Gupta Ltd
Notes to the Financial Statements
Statutory Information
Rahul Gupta Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI609532.
Registered address:
41 Brackenridge
Dromore
Co Down
BT25 1QF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 November 2022
2,559
At 31 October 2023
2,559
Provision for depreciation and impairment
At 01 November 2022
1,285
Charge for year
387
At 31 October 2023
1,672
At 31 October 2023
Net book value
887
At 31 October 2022
1,274
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5
For the year ended 31 October 2023
Rahul Gupta Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
297,828
258,788
Other debtors
19,615
9,432
268,220
317,443
The debtors above include the following amounts falling due after more than one year:
Other debtors
13,000
9,000
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
170,542
119,471
Other creditors
-
8,645
170,542
128,116
5. Directors advances and guarantees
At 01/11/2022
Loaned
At 31/10/2023
£
£
£
Dr Rahul Gupta
Interest free loan repayable on demand.
6,071
-
6,071
6,071
-
6,071
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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