Registered number
12385133
RAGA TECHNOLOGIES LIMITED
Filleted Accounts
31 January 2024
RAGA TECHNOLOGIES LIMITED
Registered number: 12385133
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 479 638
Current assets
Debtors 4 108 498
Cash at bank and in hand 135 103
243 601
Creditors: amounts falling due within one year 5 (12,211) (23,662)
Net current liabilities (11,968) (23,061)
Total assets less current liabilities (11,489) (22,423)
Creditors: amounts falling due after more than one year 6 (41,965) (20,678)
Net liabilities (53,454) (43,101)
Capital and reserves
Called up share capital 102 102
Profit and loss account (53,556) (43,203)
Shareholder's funds (53,454) (43,101)
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 member has 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.
Reza Ali
Director
Approved by the board on 22 October 2024
RAGA TECHNOLOGIES LIMITED
Notes to the Accounts
for the year ended 31 January 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).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 1,133
At 31 January 2024 1,133
Depreciation
At 1 February 2023 495
Charge for the year 159
At 31 January 2024 654
Net book value
At 31 January 2024 479
At 31 January 2023 638
4 Debtors 2024 2023
£ £
Other debtors 108 498
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors current account 9,477 21,287
Trade creditors 2,332 1,673
Taxation and social security costs 402 702
12,211 23,662
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors current account 41,965 20,678
7 Other information
RAGA TECHNOLOGIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 Plumbers Row
Unit 4
Upper ground
London
E1 1EQ
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