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Registered Number: 05028863
England and Wales

 

 

 

RAJ'S LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 120,000    140,000 
Tangible fixed assets 4 4,886    4,949 
124,886    144,949 
Current assets      
Stocks 5 43,755    43,755 
Debtors 6 86,842    145,590 
Cash at bank and in hand 194,902    104,993 
325,499    294,338 
Creditors: amount falling due within one year 7 (160,441)   (147,838)
Net current assets 165,058    146,500 
 
Total assets less current liabilities 289,944    291,449 
Creditors: amount falling due after more than one year 8   (18,156)
Provisions for liabilities 9 (6,755)   (3,042)
Net assets 283,189    270,251 
 

Capital and reserves
     
Called up share capital 10 100    100 
Profit and loss account 283,089    270,151 
Shareholders' funds 283,189    270,251 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 to the Registrar of Companies.
The financial statements were approved by the director on 21 October 2024 and were signed by:


-------------------------------
R Gautam
Director
1
General Information
Raj's Limited is a private company, limited by shares, registered in England and Wales, registration number 05028863, registration address 7 The Square, Lower Grange, Bradford, West Yorkshire, BD8 0QB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The director believes that the company is  well placed to manage its business risks successfully. Accordingly, he has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 11 (2023 : 11).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 200,000    200,000 
Additions  
Disposals  
At 31 March 2024 200,000    200,000 
Amortisation
At 01 April 2023 60,000    60,000 
Charge for year 20,000    20,000 
On disposals  
At 31 March 2024 80,000    80,000 
Net book values
At 31 March 2024 120,000    120,000 
At 31 March 2023 140,000    140,000 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 April 2023 4,794    13,548    18,342 
Additions   1,354    1,354 
Disposals    
At 31 March 2024 4,794    14,902    19,696 
Depreciation
At 01 April 2023 4,140    9,253    13,393 
Charge for year 118    1,299    1,417 
On disposals    
At 31 March 2024 4,258    10,552    14,810 
Net book values
Closing balance as at 31 March 2024 536    4,350    4,886 
Opening balance as at 01 April 2023 654    4,295    4,949 


5.

Stocks

2024
£
  2023
£
Stocks 43,755    43,755 
43,755    43,755 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 78,551    135,350 
Other Debtors 8,291    10,240 
86,842    145,590 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 65,116    94,564 
Taxation and Social Security 26,269    7,529 
Other Creditors 69,056    45,745 
160,441    147,838 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts   18,156 
  18,156 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 6,392    2,711 
Pension Provisions 363    331 
6,755    3,042 

10.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
60 Ordinary shares of £1.00 each 60    60 
40 Ordinary A shares of £1.00 each 40    40 
100    100 
All shares rank pari passu and have equal voting rights.

11.

Director’s loan

Directors Loan Account

At 31st March 2024, the Directors Loan Account of £55,992 (2023 £41,045) is unsecured, repayable on demand and currently interest free. During the period the directors incurred the following transactions:

Director's Loan Account   Balance b/fwd
£
  Advances
£
  Credit
£
  Balance c/fwd
£
Director (41,045) 49,453  (64,400) (55,992)

12.

Control

The company was under the control of the director in the current and previous period.
2