IRIS Accounts Production v24.1.0.578 06723237 director 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067232372022-10-31067232372023-10-31067232372022-11-012023-10-31067232372021-10-31067232372021-11-012022-10-31067232372022-10-3106723237ns15:EnglandWales2022-11-012023-10-3106723237ns14:PoundSterling2022-11-012023-10-3106723237ns10:Director12022-11-012023-10-3106723237ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3106723237ns10:SmallEntities2022-11-012023-10-3106723237ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3106723237ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3106723237ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3106723237ns10:FullAccounts2022-11-012023-10-310672323712022-11-012023-10-3106723237ns10:CompanySecretary12022-11-012023-10-3106723237ns10:RegisteredOffice2022-11-012023-10-3106723237ns5:CurrentFinancialInstruments2023-10-3106723237ns5:CurrentFinancialInstruments2022-10-3106723237ns5:Non-currentFinancialInstruments2023-10-3106723237ns5:Non-currentFinancialInstruments2022-10-3106723237ns5:ShareCapital2023-10-3106723237ns5:ShareCapital2022-10-3106723237ns5:RetainedEarningsAccumulatedLosses2023-10-3106723237ns5:RetainedEarningsAccumulatedLosses2022-10-3106723237ns5:NetGoodwill2022-11-012023-10-3106723237ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3106723237ns5:PatentsTrademarksLicencesConcessionsSimilar2022-11-012023-10-3106723237ns5:PlantMachinery2022-11-012023-10-3106723237ns5:NetGoodwill2022-10-3106723237ns5:IntangibleAssetsOtherThanGoodwill2022-10-3106723237ns5:NetGoodwill2023-10-3106723237ns5:IntangibleAssetsOtherThanGoodwill2023-10-3106723237ns5:NetGoodwill2022-10-3106723237ns5:IntangibleAssetsOtherThanGoodwill2022-10-3106723237ns5:LandBuildings2022-10-3106723237ns5:PlantMachinery2022-10-3106723237ns5:LandBuildings2022-11-012023-10-3106723237ns5:LandBuildings2023-10-3106723237ns5:PlantMachinery2023-10-3106723237ns5:LandBuildings2022-10-3106723237ns5:PlantMachinery2022-10-3106723237ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3106723237ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3106723237ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3106723237ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-10-31
REGISTERED NUMBER: 06723237 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

R FAMOUS LIMITED

R FAMOUS LIMITED (REGISTERED NUMBER: 06723237)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R FAMOUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: R J Lamichhane





SECRETARY: R J Lamichhane





REGISTERED OFFICE: Unit 1 Sabre House
36-38 Gorst Road
London
NW10 6LE





REGISTERED NUMBER: 06723237 (England and Wales)





ACCOUNTANTS: Hadleys & Co.
Ground Floor
Import Building
2 Clove Crescent
London
E14 2BE

R FAMOUS LIMITED (REGISTERED NUMBER: 06723237)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 600 709
Tangible assets 5 59,060 59,789
59,660 60,498

CURRENT ASSETS
Stocks 445,165 424,069
Debtors 6 2,807,686 2,460,400
Cash at bank 502,508 859,789
3,755,359 3,744,258
CREDITORS
Amounts falling due within one year 7 (517,857 ) (507,180 )
NET CURRENT ASSETS 3,237,502 3,237,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,297,162

3,297,576

CREDITORS
Amounts falling due after more than one year 8 (275,000 ) (376,542 )
NET ASSETS 3,022,162 2,921,034

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,022,062 2,920,934
SHAREHOLDERS' FUNDS 3,022,162 2,921,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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 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 Sections 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.

R FAMOUS LIMITED (REGISTERED NUMBER: 06723237)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 July 2024 and were signed by:





R J Lamichhane - Director


R FAMOUS LIMITED (REGISTERED NUMBER: 06723237)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

R Famous Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


R FAMOUS LIMITED (REGISTERED NUMBER: 06723237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 2 1,086 1,088
AMORTISATION
At 1 November 2022 - 379 379
Charge for year - 109 109
At 31 October 2023 - 488 488
NET BOOK VALUE
At 31 October 2023 2 598 600
At 31 October 2022 2 707 709

R FAMOUS LIMITED (REGISTERED NUMBER: 06723237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 38,742 79,210 117,952
Additions - 4,581 4,581
At 31 October 2023 38,742 83,791 122,533
DEPRECIATION
At 1 November 2022 - 58,163 58,163
Charge for year - 5,310 5,310
At 31 October 2023 - 63,473 63,473
NET BOOK VALUE
At 31 October 2023 38,742 20,318 59,060
At 31 October 2022 38,742 21,047 59,789

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,423,643 1,257,892
Other debtors 1,384,043 1,202,508
2,807,686 2,460,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 34,993 30,842
Taxation and social security 230,099 283,223
Other creditors 252,765 193,115
517,857 507,180

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 275,000 375,000
Other creditors - 1,542
275,000 376,542

R FAMOUS LIMITED (REGISTERED NUMBER: 06723237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 275,000 375,000