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Company Registration No. 09318457 (England and Wales)
Rasalo Ltd Unaudited accounts for the year ended 30 November 2023
Rasalo Ltd Unaudited accounts Contents
Page
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Rasalo Ltd Company Information for the year ended 30 November 2023
Director
Mrs R Nacer
Company Number
09318457 (England and Wales)
Registered Office
12 Hamilton Terrace Leamington Spa Warwickshire CV32 4LY United Kingdom
Accountants
Aspens & Co Ltd 29 Highcroft Crescent Leamington Spa Warwickshire CV32 6BN
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Rasalo Ltd for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rasalo Ltd for the year ended 30 November 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Rasalo Ltd, as a body, in accordance with the terms of our engagement letter dated 1 September 2016. Our work has been undertaken solely to prepare for your approval the accounts of Rasalo Ltd and state those matters that we have agreed to state to the Board of Directors of Rasalo Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rasalo Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rasalo Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rasalo Ltd. You consider that Rasalo Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rasalo Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Aspens & Co Ltd Chartered Certified Accountants 29 Highcroft Crescent Leamington Spa Warwickshire CV32 6BN 30 August 2024
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Rasalo Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,142 
10,531 
Current assets
Inventories
34,500 
44,400 
Debtors
480 
8,717 
Cash at bank and in hand
5,768 
6,959 
40,748 
60,076 
Creditors: amounts falling due within one year
(89,236)
(104,521)
Net current liabilities
(48,488)
(44,445)
Total assets less current liabilities
(47,346)
(33,914)
Creditors: amounts falling due after more than one year
(37,252)
(37,632)
Net liabilities
(84,598)
(71,546)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(84,599)
(71,547)
Shareholders' funds
(84,598)
(71,546)
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2024 and were signed on its behalf by
Mrs R Nacer Director Company Registration No. 09318457
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Rasalo Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Rasalo Ltd is a private company, limited by shares, registered in England and Wales, registration number 09318457. The registered office is 12 Hamilton Terrace, Leamington Spa, Warwickshire, CV32 4LY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33.30% Straight Line
Computer equipment
33.30% Straight Line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
29,995 
5,122 
35,117 
Additions
- 
1,431 
1,431 
Disposals
- 
(45)
(45)
At 30 November 2023
29,995 
6,508 
36,503 
Depreciation
At 1 December 2022
19,976 
4,610 
24,586 
Charge for the year
9,988 
832 
10,820 
On disposals
- 
(45)
(45)
At 30 November 2023
29,964 
5,397 
35,361 
Net book value
At 30 November 2023
31 
1,111 
1,142 
At 30 November 2022
10,019 
512 
10,531 
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Rasalo Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
480 
8,717 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
25,672 
28,274 
Obligations under finance leases and hire purchase contracts
142 
380 
Taxes and social security
4,154 
4,537 
Other creditors
- 
6,600 
Loans from directors
58,268 
62,730 
Accruals
1,000 
2,000 
89,236 
104,521 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
37,252 
37,632 
8
Transactions with related parties
The company has paid interest of £3,895 (2022 - £4,051) in respect of the director's loan account balance
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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