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REGISTERED NUMBER: 12465690 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Raddha Sweet and Savoury Ltd

Raddha Sweet and Savoury Ltd (Registered number: 12465690)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Raddha Sweet and Savoury Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: C Meghji
R Meghji





REGISTERED OFFICE: 50 Waverley Road
Harrow
Middlesex
HA2 9RD





REGISTERED NUMBER: 12465690 (England and Wales)





ACCOUNTANTS: KP & Company
15 Oldborough Road
Wembley
Middlesex
HA0 3PP

Raddha Sweet and Savoury Ltd (Registered number: 12465690)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 6,000
Tangible assets 5 - 52,857
6,000 58,857

CURRENT ASSETS
Stocks - 9,248
Debtors 6 13,898 24,161
Cash at bank and in hand 25,287 13,873
39,185 47,282
CREDITORS
Amounts falling due within one year 7 47,722 100,636
NET CURRENT LIABILITIES (8,537 ) (53,354 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,537

)

5,503

CREDITORS
Amounts falling due after more than one
year

8

1,032

16,118
NET LIABILITIES (3,569 ) (10,615 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (3,571 ) (10,617 )
(3,569 ) (10,615 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Raddha Sweet and Savoury Ltd (Registered number: 12465690)

Balance Sheet - continued
29 February 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





C Meghji - Director


Raddha Sweet and Savoury Ltd (Registered number: 12465690)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Raddha Sweet and Savoury Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Raddha Sweet and Savoury Ltd (Registered number: 12465690)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 6,000
NET BOOK VALUE
At 29 February 2024 6,000
At 28 February 2023 6,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 29,326 49,245 1,697 80,268
Additions - - 257 257
Disposals (29,326 ) (49,245 ) (1,954 ) (80,525 )
At 29 February 2024 - - - -
DEPRECIATION
At 1 March 2023 11,611 14,642 1,158 27,411
Eliminated on disposal (11,611 ) (14,642 ) (1,158 ) (27,411 )
At 29 February 2024 - - - -
NET BOOK VALUE
At 29 February 2024 - - - -
At 28 February 2023 17,715 34,603 539 52,857

Raddha Sweet and Savoury Ltd (Registered number: 12465690)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 23,750
Disposals (23,750 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 10,818
Eliminated on disposal (10,818 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 12,932

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 8,198 12,119
Other debtors 5,700 12,042
13,898 24,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors - 50
Taxation and social security 4,820 2,085
Other creditors 42,902 98,501
47,722 100,636

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 1,032 16,118