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Registered number: 09323522
Rica-Shay Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
TaxAssist Accountants
Chartered Accountants
714 London Road
Larkfield
KENT
ME20 6BL
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09323522
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,012 26,116
16,012 26,116
CURRENT ASSETS
Debtors 5 50,792 13,016
50,792 13,016
Creditors: Amounts Falling Due Within One Year 6 (46,520 ) (44,890 )
NET CURRENT ASSETS (LIABILITIES) 4,272 (31,874 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,284 (5,758 )
Creditors: Amounts Falling Due After More Than One Year 7 (22,902 ) (23,894 )
NET LIABILITIES (2,618 ) (29,652 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement (2,619 ) (29,653 )
SHAREHOLDERS' FUNDS (2,618) (29,652)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Douglas Hamandishe
Director
28/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rica-Shay Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09323522 . The registered office is 65 Layfield Road, Gillingham, KENT, ME7 2QY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 46,058
Additions 1,880
As at 30 November 2023 47,938
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 December 2022 19,942
Provided during the period 11,984
As at 30 November 2023 31,926
Net Book Value
As at 30 November 2023 16,012
As at 1 December 2022 26,116
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 50,792 13,016
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 7,231 7,234
Other creditors 39,289 37,656
46,520 44,890
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 22,902 23,894
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Douglas Hamandishe 13,016 37,776 - - 50,792
The above loan is unsecured, interest is charged at HMRC rates and repayable on demand.
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