Registered number
05965508
Rajlila Limited
Filleted Accounts
30 September 2023
Rajlila Limited
Registered number: 05965508
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 905,515 917,606
Investments 4 895,404 794,186
1,800,919 1,711,792
Current assets
Stocks 118,325 110,550
Debtors 5 2,982,007 2,103,660
Cash at bank and in hand 232,755 869,711
3,333,087 3,083,921
Creditors: amounts falling due within one year 6 (485,034) (543,982)
Net current assets 2,848,053 2,539,939
Total assets less current liabilities 4,648,972 4,251,731
Creditors: amounts falling due after more than one year 7 (385,361) (527,684)
Provisions for liabilities (14,735) (13,505)
Net assets 4,248,876 3,710,542
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,248,776 3,710,442
Shareholders' funds 4,248,876 3,710,542
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 A Patel
Director
Approved by the board on 8 June 2024
Rajlila Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting 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.
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 26 38
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2022 846,576 226,495 56,630 1,129,701
Additions - - 8,015 8,015
Disposals - - (5,495) (5,495)
At 30 September 2023 846,576 226,495 59,150 1,132,221
Depreciation
At 1 October 2022 - 200,341 11,754 212,095
Charge for the year - 5,651 12,137 17,788
On disposals - - (3,177) (3,177)
At 30 September 2023 - 205,992 20,714 226,706
Net book value
At 30 September 2023 846,576 20,503 38,436 905,515
At 30 September 2022 846,576 26,154 44,876 917,606
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 October 2022 685,367 108,819 794,186
Additions 106,218 - 106,218
Disposals - (5,000) (5,000)
At 30 September 2023 791,585 103,819 895,404
5 Debtors 2023 2022
£ £
Trade debtors 324,920 520,194
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,397,617 1,196,695
Other debtors 259,470 386,771
2,982,007 2,103,660
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 271,300 233,497
Taxation and social security costs 213,734 290,146
Other creditors - 20,339
485,034 543,982
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 385,361 527,684
8 Other information
Rajlila Limited is a private company limited by shares and incorporated in England. Its registered office is:
247 Billing Road
Northampton
NN1 5RX
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