Racundra Limited 04418671 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of sales and marketing services. Digita Accounts Production Advanced 6.30.9574.0 true 04418671 2023-04-01 2024-03-31 04418671 2024-03-31 04418671 bus:OrdinaryShareClass1 2024-03-31 04418671 core:RetainedEarningsAccumulatedLosses 2024-03-31 04418671 core:ShareCapital 2024-03-31 04418671 core:CurrentFinancialInstruments 2024-03-31 04418671 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04418671 core:FurnitureFittingsToolsEquipment 2024-03-31 04418671 bus:SmallEntities 2023-04-01 2024-03-31 04418671 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04418671 bus:FilletedAccounts 2023-04-01 2024-03-31 04418671 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04418671 bus:RegisteredOffice 2023-04-01 2024-03-31 04418671 bus:CompanySecretaryDirector2 2023-04-01 2024-03-31 04418671 bus:Director1 2023-04-01 2024-03-31 04418671 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04418671 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04418671 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04418671 core:OfficeEquipment 2023-04-01 2024-03-31 04418671 core:VehiclesPlantMachinery 2023-04-01 2024-03-31 04418671 countries:AllCountries 2023-04-01 2024-03-31 04418671 2023-03-31 04418671 core:FurnitureFittingsToolsEquipment 2023-03-31 04418671 2022-04-01 2023-03-31 04418671 2023-03-31 04418671 bus:OrdinaryShareClass1 2023-03-31 04418671 core:RetainedEarningsAccumulatedLosses 2023-03-31 04418671 core:ShareCapital 2023-03-31 04418671 core:CurrentFinancialInstruments 2023-03-31 04418671 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04418671 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04418671

Racundra Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Racundra Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Racundra Limited

Company Information

Directors

Mr J A Robertshaw

Mrs A Robertshaw

Company secretary

Mrs A Robertshaw

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Racundra Limited

(Registration number: 04418671)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

826

1,478

Current assets

 

Debtors

5

8,317

7,640

Cash at bank and in hand

 

395

1,933

 

8,712

9,573

Creditors: Amounts falling due within one year

6

(9,248)

(10,515)

Net current liabilities

 

(536)

(942)

Total assets less current liabilities

 

290

536

Provisions for liabilities

(157)

(281)

Net assets

 

133

255

Capital and reserves

 

Called up share capital

7

3

3

Retained earnings

130

252

Shareholders' funds

 

133

255

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2024 and signed on its behalf by:
 

 

Racundra Limited

(Registration number: 04418671)
Balance Sheet as at 31 March 2024

.........................................
Mr J A Robertshaw
Director

 

Racundra Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the Board on 28 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Racundra Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Vehicles, plant and machinery

20% straight line basis

Office Equipment

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Racundra Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Racundra Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

8,692

8,692

At 31 March 2024

8,692

8,692

Depreciation

At 1 April 2023

7,214

7,214

Charge for the year

652

652

At 31 March 2024

7,866

7,866

Carrying amount

At 31 March 2024

826

826

At 31 March 2023

1,478

1,478

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,629

6,452

Other debtors

2,688

1,188

 

8,317

7,640

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

7,582

8,965

Accruals and deferred income

1,500

1,500

Other creditors

166

50

9,248

10,515

 

Racundra Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

3

3

3

3

         

8

Related party transactions

Other transactions with directors

Included within other debtors is an amount owed by the directors of £2,574 (2023 £1,188). This amount is unsecured, interest free and repayable on demand.