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Company Registration No. 08838795 (England and Wales)
RAFE IT SOLUTIONS LTD Accounts for the year ended 31 January 2024
RAFE IT SOLUTIONS LTD Accounts Contents
Page
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RAFE IT SOLUTIONS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,248 
- 
Current assets
Inventories
21,620 
1,456 
Debtors
823 
- 
Cash at bank and in hand
3,199 
25,401 
25,642 
26,857 
Creditors: amounts falling due within one year
(13,521)
(6,581)
Net current assets
12,121 
20,276 
Total assets less current liabilities
17,369 
20,276 
Creditors: amounts falling due after more than one year
(11,259)
(12,888)
Net assets
6,110 
7,388 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,010 
7,288 
Shareholders' funds
6,110 
7,388 
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 6 September 2024 and were signed on its behalf by
ARSHAD MEHMOOD KHAN Director Company Registration No. 08838795
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RAFE IT SOLUTIONS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
RAFE IT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 08838795. The registered office is 132-134 Great Ancoats Street, Suite 2131, Manchester, M4 6DE, 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
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2023
- 
Additions
6,560 
At 31 January 2024
6,560 
Depreciation
Charge for the year
1,312 
At 31 January 2024
1,312 
Net book value
At 31 January 2024
5,248 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
823 
- 
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RAFE IT SOLUTIONS LTD Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,434 
1,799 
Taxes and social security
801 
651 
Loans from directors
11,286 
4,131 
13,521 
6,581 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,259 
12,888 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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