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Company Registration No. 10571133 (England and Wales)
RAFIKI ELEGANCE UK LTD Unaudited accounts for the year ended 31 January 2024
RAFIKI ELEGANCE UK LTD Unaudited accounts Contents
Page
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RAFIKI ELEGANCE UK LTD Company Information for the year ended 31 January 2024
Director
Bienvenu MATUVANGUA
Company Number
10571133 (England and Wales)
Registered Office
8 SATANITA CLOSE LONDON E16 3TJ ENGLAND
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RAFIKI ELEGANCE UK LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,380 
12,335 
Current assets
Inventories
6,033 
5,067 
Debtors
1,121 
746 
Cash at bank and in hand
12,986 
29,724 
20,140 
35,537 
Creditors: amounts falling due within one year
(1,809)
(8,156)
Net current assets
18,331 
27,381 
Total assets less current liabilities
26,711 
39,716 
Creditors: amounts falling due after more than one year
(27,672)
(39,800)
Net liabilities
(961)
(84)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(962)
(85)
Shareholders' funds
(961)
(84)
For the year ending 31 January 2024 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 21 May 2024 and were signed on its behalf by
Bienvenu MATUVANGUA Director Company Registration No. 10571133
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RAFIKI ELEGANCE UK LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
RAFIKI ELEGANCE UK LTD is a private company, limited by shares, registered in England and Wales, registration number 10571133. The registered office is 8 SATANITA CLOSE, LONDON, E16 3TJ, 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
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
20% on cost
Motor vehicles
25% on cost
Fixtures & fittings
3% on cost
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RAFIKI ELEGANCE UK LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
765 
15,000 
6,190 
21,955 
At 31 January 2024
765 
15,000 
6,190 
21,955 
Depreciation
At 1 February 2023
1,020 
7,500 
1,100 
9,620 
Charge for the year
(255)
3,500 
710 
3,955 
At 31 January 2024
765 
11,000 
1,810 
13,575 
Net book value
At 31 January 2024
- 
4,000 
4,380 
8,380 
At 31 January 2023
(255)
7,500 
5,090 
12,335 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
6,033 
5,067 
6,033 
5,067 
The valuation of stock is based on the lower of cost and net realizable value.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
1,121 
746 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
812 
257 
Other creditors
997 
3,421 
Accruals
- 
4,478 
1,809 
8,156 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
27,672 
39,800 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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