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REGISTERED NUMBER: 10517741 (England and Wales)















RACH BROTHERS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






RACH BROTHERS LIMITED (REGISTERED NUMBER: 10517741)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RACH BROTHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: L Rach
C Rach





REGISTERED OFFICE: 2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 10517741 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

RACH BROTHERS LIMITED (REGISTERED NUMBER: 10517741)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 118,391 107,287
Cash at bank and in hand 1,120 3,809
119,511 111,096
CREDITORS
Amounts falling due within one year 5 59,384 46,465
NET CURRENT ASSETS 60,127 64,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,127

64,631

CREDITORS
Amounts falling due after more than one year 6 70,163 80,932
NET LIABILITIES (10,036 ) (16,301 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (10,136 ) (16,401 )
SHAREHOLDERS' FUNDS (10,036 ) (16,301 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





L Rach - Director


RACH BROTHERS LIMITED (REGISTERED NUMBER: 10517741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Rach Brothers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenues are recognised when information technology consultancy services are invoiced to clients.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The Financial Statements have been prepared on a going concern basis, as the directors have confirmed that funds will continue to be made available for the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that may result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

RACH BROTHERS LIMITED (REGISTERED NUMBER: 10517741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 98,675 86,470
Other debtors 19,716 20,817
118,391 107,287

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,180 10,060
Trade creditors 39,950 27,400
Taxation and social security 9 -
Other creditors 9,245 9,005
59,384 46,465

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 13,199 23,968
Amounts owed to associates 56,964 56,964
70,163 80,932

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (16,401 )
Profit for the year 6,265
At 31 December 2023 (10,136 )

RACH BROTHERS LIMITED (REGISTERED NUMBER: 10517741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. RELATED PARTY DISCLOSURES

At the year-end date, included within debtors, amount falling due within one year, is an amount of £98,675 (2022: £86,469) owed from related entities in which some of the directors have beneficial interest.

This amount is unsecured, interest-free and repayable on demand.

During the year, the turnover generated related to transactions with related entity in which some of the directors have beneficial interest.

At the year-end date, included within creditors, amount falling due within one year, is an amount of £2,530 (2022: £2,530) owed to the director L Rach.

This amount is unsecured, interest-free and payable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are L Rach and C Rach.