Registered number
05530566
Rajbhog Foods Limited
Report & Accounts
31 March 2024
Rajbhog Foods Limited
Registered number: 05530566
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 56,100 70,125
Current assets
Stocks 10,000 42,000
Debtors 4 74,204 86,451
Bank and Cash 82,810 92,099
167,014 220,550
Creditors: amounts falling due within one year 5 (170,241) (188,098)
Net current (liabilities)/assets (3,227) 32,452
Total assets less current liabilities 52,873 102,577
Creditors: amounts falling due after more than one year 6 (28,669) (34,390)
Net assets 24,204 68,187
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,104 68,087
Shareholders' funds 24,204 68,187
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 T Patel
Director
Approved by the board on 3 October 2024
Rajbhog Foods Limited
Notes to the Accounts
for the year ended 31 March 2024
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).
Going Concern
After reviewing the company’s expectations and future trading conditions, the directors have a reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Plant and machinery 20% reducing balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Grants
Grants are recognised in the profit or loss, receivable in line with expenditure with which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 264,095
At 31 March 2024 264,095
Depreciation
At 1 April 2023 193,970
Charge for the year 14,025
At 31 March 2024 207,995
Net book value
At 31 March 2024 56,100
At 31 March 2023 70,125
4 Debtors 2024 2023
£ £
Trade debtors 74,204 81,451
Other debtors - 5,000
74,204 86,451
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,590 5,430
Trade creditors 58,808 94,135
Amounts owed to group undertakings and undertakings in which the company has a participating interest 15,000 (4,000)
Amounts owed to participating interests - -
Corporation tax 4,453 12,570
Other taxes and social security costs 10,769 4,903
Other creditors 75,621 75,060
170,241 188,098
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,669 34,390
7 Other information
Rajbhog Foods Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 20a, Bay 1
Abbey Industrial Estate
Mount Pleasant
Middlesex
HA0 1NR
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