RSS FAST FOOD SUPPLIERS LTD

Company Registration Number:
09342809 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

RSS FAST FOOD SUPPLIERS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

RSS FAST FOOD SUPPLIERS LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 167,791 161,927
Total fixed assets: 167,791 161,927
Current assets
Stocks: 224,150 215,650
Debtors:   870,700 563,793
Cash at bank and in hand: 64,856 40,989
Total current assets: 1,159,706 820,432
Creditors: amounts falling due within one year: 4 (871,726) (540,517)
Net current assets (liabilities): 287,980 279,915
Total assets less current liabilities: 455,771 441,842
Creditors: amounts falling due after more than one year: 5 (105,277) (112,703)
Total net assets (liabilities): 350,494 329,139
Capital and reserves
Called up share capital: 60,000 60,000
Profit and loss account: 290,494 269,139
Shareholders funds: 350,494 329,139

The notes form part of these financial statements

RSS FAST FOOD SUPPLIERS LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2024
and signed on behalf of the board by:

Name: Selvarajah Jithenthrakumar
Status: Director

The notes form part of these financial statements

RSS FAST FOOD SUPPLIERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Fixtures, fittings, tools and equipment 15% reducing balanceMotor Vehicles 20% reducing balance

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

RSS FAST FOOD SUPPLIERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 8 9

RSS FAST FOOD SUPPLIERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 261,583
Additions 45,620
At 31 December 2023 307,203
Depreciation
At 01 January 2023 99,656
Charge for year 39,756
At 31 December 2023 139,412
Net book value
At 31 December 2023 167,791
At 31 December 2022 161,927

RSS FAST FOOD SUPPLIERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Accruals £26,700Obligations under finance lease and hire purchase contracts £25,833Trade creditors £695,493Corporation tax £29,470Other taxes and social security costs £3,023Other creditors £91,207

RSS FAST FOOD SUPPLIERS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

Obligations under finance lease and hire purchase contracts £105,277