Registered number
11641741
Rituonline Ltd
Filleted Accounts
31 October 2022
Rituonline Ltd
Registered number: 11641741
Balance Sheet
as at 31 October 2022
Notes 2022 2021
£ £
Creditors: amounts falling due within one year 3 (28,045) (27,811)
Net current liabilities (28,045) (27,811)
Total assets less current liabilities (28,045) (27,811)
Creditors: amounts falling due after more than one year 4 (40,000) (40,000)
Net liabilities (68,045) (67,811)
Capital and reserves
Profit and loss account (68,045) (67,811)
Shareholder's funds (68,045) (67,811)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B V Sanavaram
Director
Approved by the board on 21 February 2024
Rituonline Ltd
Notes to the Accounts
for the year ended 31 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 367 294
Trade creditors (161) 674
Other creditors 27,839 26,843
28,045 27,811
4 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 40,000 40,000
5 Going Concern
The company ceased trading permanetly in October 2021.
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