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No description of principal activity
2023-02-28
Sage Accounts Production Advanced 2023 - FRS102_2023
30,000
1,348
1,348
28,652
xbrli:pure
xbrli:shares
iso4217:GBP
14694086
2023-02-28
2024-08-31
14694086
2024-08-31
14694086
2023-02-27
14694086
core:NetGoodwill
2023-02-28
2024-08-31
14694086
core:FurnitureFittings
2023-02-28
2024-08-31
14694086
bus:Director1
2023-02-28
2024-08-31
14694086
core:NetGoodwill
2024-08-31
14694086
core:LandBuildings
core:LongLeaseholdAssets
2024-08-31
14694086
core:FurnitureFittings
2024-08-31
14694086
core:WithinOneYear
2024-08-31
14694086
core:AfterOneYear
2024-08-31
14694086
core:ShareCapital
2024-08-31
14694086
core:RetainedEarningsAccumulatedLosses
2024-08-31
14694086
bus:Director1
2024-08-31
14694086
bus:SmallEntities
2023-02-28
2024-08-31
14694086
bus:AuditExemptWithAccountantsReport
2023-02-28
2024-08-31
14694086
bus:SmallCompaniesRegimeForAccounts
2023-02-28
2024-08-31
14694086
bus:PrivateLimitedCompanyLtd
2023-02-28
2024-08-31
14694086
bus:FullAccounts
2023-02-28
2024-08-31
COMPANY REGISTRATION NUMBER:
14694086
Rehmat Food & Wine Limited |
|
Filleted Unaudited Financial Statements |
|
Rehmat Food & Wine Limited |
|
Statement of Financial Position |
|
31 August 2024
Fixed assets
Intangible assets |
5 |
28,652 |
Tangible assets |
6 |
11,303 |
|
-------- |
|
39,955 |
|
|
|
Current assets
Stocks |
24,312 |
Debtors |
7 |
24,764 |
Cash at bank and in hand |
10,087 |
|
-------- |
|
59,163 |
|
|
|
Creditors: amounts falling due within one year |
8 |
25,527 |
|
-------- |
Net current assets |
33,636 |
|
-------- |
Total assets less current liabilities |
73,591 |
|
|
|
Creditors: amounts falling due after more than one year |
9 |
70,893 |
|
-------- |
Net assets |
2,698 |
|
-------- |
|
|
|
Capital and reserves
Called up share capital |
100 |
Profit and loss account |
2,598 |
|
------- |
Shareholders funds |
2,698 |
|
------- |
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Rehmat Food & Wine Limited |
|
Statement of Financial Position (continued) |
|
31 August 2024
These financial statements were approved by the
board of directors
and authorised for issue on
31 October 2024
, and are signed on behalf of the board by:
Company registration number:
14694086
Rehmat Food & Wine Limited |
|
Notes to the Financial Statements |
|
Period from 28 February 2023 to 31 August 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill |
- |
5% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
20% reducing balance |
|
|
|
|
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
.
5.
Intangible assets
|
Goodwill |
|
£ |
Cost |
|
At 28 February 2023 and 31 August 2024 |
30,000 |
|
-------- |
Amortisation |
|
Charge for the period |
1,348 |
|
-------- |
At 31 August 2024 |
1,348 |
|
-------- |
Carrying amount |
|
At 31 August 2024 |
28,652 |
|
-------- |
|
|
6.
Tangible assets
|
Long leasehold property |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 28 February 2023 and 31 August 2024 |
7,202 |
5,000 |
12,202 |
|
------- |
------- |
-------- |
Depreciation |
|
|
|
At 28 February 2023 |
– |
– |
– |
Charge for the period |
– |
899 |
899 |
|
------- |
------- |
-------- |
At 31 August 2024 |
– |
899 |
899 |
|
------- |
------- |
-------- |
Carrying amount |
|
|
|
At 31 August 2024 |
7,202 |
4,101 |
11,303 |
|
------- |
------- |
-------- |
|
|
|
|
7.
Debtors
|
31 Aug 24 |
|
£ |
Other debtors |
24,764 |
|
-------- |
|
|
8.
Creditors:
amounts falling due within one year
|
31 Aug 24 |
|
£ |
Trade creditors |
15,301 |
Corporation tax |
959 |
Social security and other taxes |
1,042 |
Other creditors |
8,225 |
|
-------- |
|
25,527 |
|
-------- |
|
|
9.
Creditors:
amounts falling due after more than one year
|
31 Aug 24 |
|
£ |
Other creditors |
70,893 |
|
-------- |
|
|
10.
Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
|
31 Aug 24 |
|
|
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr R Singh |
– |
(
72,893) |
(
72,893) |
|
|
---- |
-------- |
-------- |
|
|
|
|
|