1 October 2022 v2024.44.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC5165822022-10-012023-09-30SC5165822023-09-30SC5165822022-09-30SC516582core:WithinOneYear2023-09-30SC516582core:WithinOneYear2022-09-30SC516582core:ShareCapital2023-09-30SC516582core:ShareCapital2022-09-30SC516582core:RetainedEarningsAccumulatedLosses2023-09-30SC516582core:RetainedEarningsAccumulatedLosses2022-09-30SC516582bus:Director12022-10-012023-09-30SC516582bus:RegisteredOffice2022-10-012023-09-30SC516582core:FurnitureFittings2022-10-012023-09-30SC516582core:OfficeEquipment2022-10-012023-09-30SC516582core:MotorVehicles2022-10-012023-09-30SC516582core:PlantMachinery2022-10-012023-09-30SC5165822021-10-012022-09-30SC516582core:PlantMachinery2022-10-01SC516582core:PlantMachinery2023-09-30SC516582core:PlantMachinery2022-09-30SC51658212022-10-012023-09-30SC516582countries:Scotland2022-10-012023-09-30SC516582bus:AuditExemptWithAccountantsReport2022-10-012023-09-30SC516582bus:PrivateLimitedCompanyLtd2022-10-012023-09-30SC516582bus:SmallEntities2022-10-012023-09-30SC516582bus:FullAccounts2022-10-012023-09-30
Company registration number:
SC516582
Rattan Trading Co. Limited
Unaudited Filleted Financial Statements for the year ended
30 September 2023
Rattan Trading Co. Limited
Statement of Financial Position
30 September 2023
20232022
Note££
Fixed assets    
Tangible assets 5
48,877
 
41,896
 
Current assets    
Stocks
120,784
 
87,784
 
Debtors 6
162,850
 
106,953
 
Cash at bank and in hand
1,068,372
 
850,716
 
1,352,006
 
1,045,453
 
Creditors: amounts falling due within one year 7
(286,133
)
(284,905
)
Net current assets
1,065,873
 
760,548
 
Total assets less current liabilities 1,114,750   802,444  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
1,114,650
 
802,344
 
Shareholders funds
1,114,750
 
802,444
 
For the year ending
30 September 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
26 September 2024
, and are signed on behalf of the board by:
R Singh
Director
Company registration number:
SC516582
Rattan Trading Co. Limited
Notes to the Financial Statements
Year ended
30 September 2023

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
1/2 1313 Pollokshaws Road
,
Glasgow
,
G41 3RP
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation..
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
15% straight line
Office equipment
15% straight line
Motor vehicles
20% straight line
Plant and machinery
15% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2022:
5.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2022
51,997
 
Additions
25,184
 
Disposals
(17,500
)
At
30 September 2023
59,681
 
Depreciation  
At
1 October 2022
10,101
 
Charge
6,828
 
Disposals
(6,125
)
At
30 September 2023
10,804
 
Carrying amount  
At
30 September 2023
48,877
 
At 30 September 2022
41,896
 

6 Debtors

20232022
££
Trade debtors
68,572
 
12,675
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
94,278
 
94,278
 
162,850
 
106,953
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
124,391
 
128,741
 
Taxation and social security
156,336
 
153,315
 
Other creditors
5,406
 
2,849
 
286,133
 
284,905