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Company Registration No. 12761549 (England and Wales)
RITISH VENKAMA LIMITED Unaudited accounts for the year ended 31 December 2023
RITISH VENKAMA LIMITED Unaudited accounts Contents
Page
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RITISH VENKAMA LIMITED Company Information for the year ended 31 December 2023
Director
Ritish Rama Venkama
Company Number
12761549 (England and Wales)
Registered Office
260 HIGH STREET WALTHAM CROSS EN8 7EA ENGLAND
Accountants
Accountingpreneur Limited Second Floor 26 Goodge Street Fitzrovia London W1T 2QG
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RITISH VENKAMA LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1,800 
Tangible assets
8,650 
3,550 
8,650 
5,350 
Current assets
Inventories
500 
- 
Debtors
1,909 
- 
Cash at bank and in hand
935 
- 
3,344 
- 
Creditors: amounts falling due within one year
(27,440)
(7,486)
Net current liabilities
(24,096)
(7,486)
Net liabilities
(15,446)
(2,136)
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
(20,446)
(7,136)
Shareholders' funds
(15,446)
(2,136)
For the year ending 31 December 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 his 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 5 September 2024 and were signed on its behalf by
Ritish Rama Venkama Director Company Registration No. 12761549
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RITISH VENKAMA LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
RITISH VENKAMA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12761549. The registered office is 260 HIGH STREET, WALTHAM CROSS, EN8 7EA, ENGLAND.
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
Depreciation @10%SLM
Fixtures & fittings
Depreciation @25%SLM
Computer equipment
Depreciation @33.33%SLM
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation @10%SLM
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
2,000 
Disposals
(2,000)
At 31 December 2023
- 
Amortisation
At 1 January 2023
200 
On disposals
(200)
At 31 December 2023
- 
Net book value
At 31 December 2023
- 
At 31 December 2022
1,800 
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RITISH VENKAMA LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
- 
4,600 
150 
4,750 
Additions
7,000 
- 
- 
7,000 
At 31 December 2023
7,000 
4,600 
150 
11,750 
Depreciation
At 1 January 2023
- 
1,150 
50 
1,200 
Charge for the year
700 
1,150 
50 
1,900 
At 31 December 2023
700 
2,300 
100 
3,100 
Net book value
At 31 December 2023
6,300 
2,300 
50 
8,650 
At 31 December 2022
- 
3,450 
100 
3,550 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,058 
- 
Accrued income and prepayments
851 
- 
1,909 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
194 
- 
Taxes and social security
480 
- 
Loans from directors
25,689 
7,486 
Accruals
1,077 
- 
27,440 
7,486 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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