Registered number
04909369
R VORA & CO LIMITED
Filleted Accounts
30 September 2023
R VORA & CO LIMITED
Registered number: 04909369
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 25,000 25,000
Tangible assets 4 20,734 16,250
45,734 41,250
Current assets
Debtors 5 64,166 36,113
Cash at bank and in hand 25,694 30,807
89,860 66,920
Creditors: amounts falling due within one year 6 (173,507) (125,987)
Net current liabilities (83,647) (59,067)
Total assets less current liabilities (37,913) (17,817)
Creditors: amounts falling due after more than one year 7 (12,848) (18,172)
Net liabilities (50,761) (35,989)
Capital and reserves
Called up share capital 100 100
Profit and loss account (50,861) (36,089)
Shareholders' funds (50,761) (35,989)
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 members have 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.
R VORA
Director
Approved by the board on 30 June 2024
R VORA & CO LIMITED
Notes to the Accounts
for the year ended 30 September 2023
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).
Turnover
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2022 25,000
At 30 September 2023 25,000
Amortisation
At 30 September 2023 -
Net book value
At 30 September 2023 25,000
At 30 September 2022 25,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 96,616
Additions 8,417
At 30 September 2023 105,033
Depreciation
At 1 October 2022 80,366
Charge for the year 3,933
At 30 September 2023 84,299
Net book value
At 30 September 2023 20,734
At 30 September 2022 16,250
5 Debtors 2023 2022
£ £
Trade debtors 64,166 36,113
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 76,389 62,791
Taxation and social security costs 42,201 35,870
Other creditors 54,917 27,326
173,507 125,987
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 12,848 18,172
8 Other information
R VORA & CO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Carlton Road
Romford
Essex
RM2 5AA
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