Registered number
03866486
RADHE INVESTMENTS LIMITED
Report and Accounts
30 June 2024
RADHE INVESTMENTS LIMITED
Registered number: 03866486
Directors' Report
The directors present their report and accounts for the year ended 30 June 2024.
Principal activities
The company's principal activity during the year continued to be that of a groceries store and supermarket.
Directors
The following persons served as directors during the year:
Mr R D Chandegra
Mr G Saini
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 13 September 2023 and signed on its behalf.
Mr G Saini,Mr R D Chandegra
Director
RADHE INVESTMENTS LIMITED
Accountants' Report
Accountants' report to the directors of
RADHE INVESTMENTS LIMITED
You consider that the company is exempt from an audit for the year ended 30 June 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
MBSC Accountancy and Consultancy LTD
Chartered Certified Accountant
14 Chertsey road
Shepperton
Surrey
TW 17 9LB
13 September 2023
RADHE INVESTMENTS LIMITED
Profit and Loss Account
for the year ended 30 June 2024
2024 2023
£ £
Turnover346,312623,771
Cost of sales(246,224)(454,531)
Gross Profit100,088169,240
Administrative expenses(138,617)(168,331)
Operating profit(38,529)909
Interest payable(635)(702)
Profit before taxation(39,164)207
Tax on profit- -
Profit for the financial year(39,164)207
RADHE INVESTMENTS LIMITED
Registered number:03866486
Balance Sheet
as at 30 June 2024
Notes2024 2023
£ £
Fixed assets
Tangible assets49,31311,417
Current assets
Stocks31,59531,595
Debtors570,72369,567
Cash at bank and in hand127,192203,253
229,510304,415
Creditors: amounts falling due within one year6(55,359)(72,704)
Net current assets174,151231,711
Net assets183,464243,128
Capital and reserves
Called up share capital22
Profit and loss account183,462243,126
Shareholders' funds183,464243,128
The directors are 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 directors acknowledge their 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.
Mr G Saini
Director
Approved by the board on 13 September 2023
RADHE INVESTMENTS LIMITED
Statement of Changes in Equity
for the year ended 30 June 2024
ShareShareRe-ProfitTotal
capitalpremiumvaluationand loss
reserveaccount
£ £ £ £ £
At 1 July 20222- - 272,919272,921
Profit for the financial year207 207
Dividends(30,000)(30,000)
At 30 June 20232 - - 243,126 243,128
At 1 July 20232- - 243,126243,128
Profit for the financial year(39,164)(39,164)
Dividends(20,500)(20,500)
At 30 June 20242- - 183,462183,464
RADHE INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1Accounting 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery25% reducing balance
Fixtures, fittings, tools and equipment25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2Employees2024 2023
NumberNumber
Average number of persons employed by the company67
3Intangible fixed assets£
Goodwill:
Cost
At 1 July 202378,500
At 30 June 202478,500
Amortisation
At 1 July 202378,500
At 30 June 202478,500
Net book value
At 30 June 2024-
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4Tangible fixed assets
Plant and machinery etcMotor vehiclesTotal
£ £ £
Cost
At 1 July 202393,2505,15398,403
Additions1,000- 1,000
At 30 June 202494,2505,15399,403
Depreciation
At 1 July 202381,8335,15386,986
Charge for the year3,104- 3,104
At 30 June 202484,9375,15390,090
Net book value
At 30 June 20249,313- 9,313
At 30 June 202311,417- 11,417
5Debtors2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest51,76054,050
Prepayments9,437 4,173
Other debtors9,52611,344
70,72369,567
6Creditors: amounts falling due within one year2024 2023
£ £
Bank loans and overdrafts24,95230,259
Trade creditors27,89741,079
Taxation and social security costs1,2511,273
Accruals1,211 -
Director's Loan Account48 93
55,35972,704
7Other information
RADHE INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
7 Tanglyn Avenue
Shepperton
England,
TW17 0AD
RADHE INVESTMENTS LIMITED
Detailed profit and loss account
for the year ended 30 June 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales346,312623,771
Cost of sales(246,224)(454,531)
Gross profit100,088169,240
Administrative expenses(138,617)(168,331)
Operating profit(38,529)909
Interest payable(635)(702)
Profit before tax(39,164)207
RADHE INVESTMENTS LIMITED
Detailed profit and loss account
for the year ended 30 June 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales
Sales
346,312
623,771
Cost of sales
Purchases
246,224
456,501
Decrease/increase in stocks
31,595
29,625
Closing stock(
31,595
)
(
31,595
)
246,224 454,531
Administrative expenses
Employee costs:
Wages and salaries
65,289
93,805
Pensions
459
-
Employer's NI
537
3,218
Travel and subsistence
6
13
Motor expenses
3,857
3,809
Entertaining
54
-
70,202 100,845
Premises costs:
Rent
26,436
26,279
Rates
3,583
6,387
Premises Insurance
1,163
1,251
Light and heat
12,015
12,923
Cleaning-
160
43,197 47,000
General administrative expenses:
Telephone and internet
1,342
1,573
Stationery and printing
10
22
Bank charges
3,006
6,237
Insurance
392
270
Computer running costs
406
378
Repairs and maintenance
7,794
994
Depreciation
3,104
3,856
Sundry expenses
2,719
872
18,773 14,202
Legal and professional costs:
Accountancy fees
4,600
5,125
Advertising and PR-
140
Other legal and professional
1,845
1,019
6,445 6,284
138,617 168,331
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