2022-11-01 08250073 2023-10-31 08250073 2022-11-01 2023-10-31 08250073 2022-10-31 08250073 2021-11-01 2022-10-31 08250073 uk-core:WithinOneYear 2022-10-31 08250073 uk-core:WithinOneYear 2023-10-31 08250073 uk-core:AfterOneYear 2022-10-31 08250073 uk-core:AfterOneYear 2023-10-31 08250073 uk-core:ShareCapital 2023-10-31 08250073 uk-core:ShareCapital 2022-10-31 08250073 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 08250073 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 08250073 uk-bus:Director1 2022-11-01 2023-10-31 08250073 uk-core:PlantMachinery 2022-11-01 2023-10-31 08250073 uk-core:CommercialMotorVehicles 2022-11-01 2023-10-31 08250073 uk-core:CommercialMotorVehicles 2022-10-31 08250073 uk-core:PlantMachinery 2022-10-31 08250073 uk-core:Buildings 2022-10-31 08250073 uk-core:Buildings 2023-10-31 08250073 uk-core:PlantMachinery 2023-10-31 08250073 uk-core:CommercialMotorVehicles 2023-10-31 08250073 uk-core:Buildings 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure 08250073 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08250073 uk-bus:FRS102 2022-11-01 2023-10-31 08250073 uk-bus:FullAccounts 2022-11-01 2023-10-31 08250073 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Draft
Razak and Razak Limited
Registered Number:08250073
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 October 2023
Razak and Razak Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
08250073
As at 31 October 2023
Razak and Razak Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
159,079
163,455
2
159,079
163,455
Current assets
Inventories
249,000
270,000
3
Trade and other receivables
60,000
60,000
4
49,364
Cash and cash equivalents
7,111
337,111
358,364
Trade and other payables: amounts falling due within one
year
(28,342)
(39,850)
5
330,022
297,261
Net current assets
Total assets less current liabilities
456,340
493,477
Trade and other payables: amounts falling due after more
than one year
(235,974)
(190,069)
6
266,271
Net assets
257,503
Capital and reserves
Called up share capital
2
2
Retained earnings
266,269
257,501
266,271
257,503
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.
Ismail Razak Director
These financial statements were approved and authorised for issue by the Board on 17 August 2024 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 October 2023
Razak and Razak Limited
Notes to the Financial Statements
Statutory Information
Razak and Razak Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08250073.
Registered address:
Unit 4 Ideal Works
62 Hayes Lane
Lye
Stourbridge
DY9 8RE
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.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15 Reducing balance
25 Straight line
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 November 2022
177,478
6,550
35,928
135,000
At 31 October 2023
135,000
35,928
6,550
177,478
Provision for depreciation and impairment
At 01 November 2022
14,023
5,469
8,554
-
Charge for year
4,376
270
4,106
-
At 31 October 2023
18,399
5,739
12,660
-
At 31 October 2023
Net book value
135,000
23,268
811
159,079
At 31 October 2022
135,000
27,374
1,081
163,455
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5
Draft
For the year ended 31 October 2023
Razak and Razak Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
270,000
249,000
4. Trade and other receivables
2022
2023
£
£
Trade debtors
60,000
60,000
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
28,890
21,874
Taxation and social security
10,960
6,468
39,850
28,342
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
190,069
235,974
7. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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