Registered Number:08250073 |
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
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
Razak and Razak Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
159,079
163,455
2
159,079
163,455
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
2
2
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. |
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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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. |
Unit 4 Ideal Works
62 Hayes Lane
Lye
Stourbridge
DY9 8RE
The presentation currency is £ sterling. |
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
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 |
Motor vehicles
177,478
6,550
35,928
135,000
135,000
35,928
6,550
177,478
Provision for depreciation and impairment |
14,023
5,469
8,554
-
Charge for year
4,376
270
4,106
-
18,399
5,739
12,660
-
135,000
23,268
811
159,079
135,000
27,374
1,081
163,455
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For the year ended 31 October 2023
Razak and Razak Limited
Notes to the Financial Statements Continued
2022
2023
270,000
249,000
4. Trade and other receivables |
2022
2023
60,000
60,000
5. Trade and other payables: amounts falling due within one year |
2022
2023
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
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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