IRIS Accounts Production v24.3.0.553 06762266 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067622662023-03-31067622662024-03-31067622662023-04-012024-03-31067622662022-03-31067622662022-04-012023-03-31067622662023-03-3106762266ns15:EnglandWales2023-04-012024-03-3106762266ns14:PoundSterling2023-04-012024-03-3106762266ns10:Director12023-04-012024-03-3106762266ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106762266ns10:SmallEntities2023-04-012024-03-3106762266ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106762266ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106762266ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106762266ns10:FullAccounts2023-04-012024-03-310676226612023-04-012024-03-3106762266ns10:RegisteredOffice2023-04-012024-03-3106762266ns5:CurrentFinancialInstruments2024-03-3106762266ns5:CurrentFinancialInstruments2023-03-3106762266ns5:Non-currentFinancialInstruments2024-03-3106762266ns5:Non-currentFinancialInstruments2023-03-3106762266ns5:ShareCapital2024-03-3106762266ns5:ShareCapital2023-03-3106762266ns5:RetainedEarningsAccumulatedLosses2024-03-3106762266ns5:RetainedEarningsAccumulatedLosses2023-03-3106762266ns5:NetGoodwill2023-04-012024-03-3106762266ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106762266ns5:PlantMachinery2023-04-012024-03-3106762266ns5:NetGoodwill2023-03-3106762266ns5:NetGoodwill2024-03-3106762266ns5:NetGoodwill2023-03-3106762266ns5:PlantMachinery2023-03-3106762266ns5:PlantMachinery2024-03-3106762266ns5:PlantMachinery2023-03-3106762266ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106762266ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106762266ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-3106762266ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-3106762266ns5:Non-currentFinancialInstruments2023-04-012024-03-31067622661ns10:Director12023-03-31067622661ns10:Director12022-03-31067622661ns10:Director12023-04-012024-03-31067622661ns10:Director12022-04-012023-03-31067622661ns10:Director12024-03-31067622661ns10:Director12023-03-310676226612023-04-012024-03-31
REGISTERED NUMBER: 06762266 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Elder Rahimi Limited

Elder Rahimi Limited (Registered number: 06762266)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elder Rahimi Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A R RAHIMI





REGISTERED OFFICE: Second Floor
45-55 Commercial street
London
E1 6BD





REGISTERED NUMBER: 06762266 (England and Wales)





ACCOUNTANTS: Faiz & Co. Limited
Chartered Accountants
8B Accommodation Road
London
NW11 8ED

Elder Rahimi Limited (Registered number: 06762266)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 11,856 5,836
11,857 5,837

CURRENT ASSETS
Stocks 266,112 352,489
Debtors 6 204,796 145,303
Cash at bank and in hand 110,366 106,902
581,274 604,694
CREDITORS
Amounts falling due within one year 7 409,269 450,775
NET CURRENT ASSETS 172,005 153,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,862

159,756

CREDITORS
Amounts falling due after more than one
year

8

46,683

66,687
NET ASSETS 137,179 93,069

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 137,177 93,067
SHAREHOLDERS' FUNDS 137,179 93,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Elder Rahimi Limited (Registered number: 06762266)

Balance Sheet - continued
31 March 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 director and authorised for issue on 3 December 2024 and were signed by:





A R RAHIMI - Director


Elder Rahimi Limited (Registered number: 06762266)

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

1. STATUTORY INFORMATION

Elder Rahimi Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is the time spent by fee earners on matters but yet not billed at the end of the year.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2023 - 7 ) .

Elder Rahimi Limited (Registered number: 06762266)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 250,000
AMORTISATION
At 1 April 2023
and 31 March 2024 249,999
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 67,428
Additions 9,972
At 31 March 2024 77,400
DEPRECIATION
At 1 April 2023 61,592
Charge for year 3,952
At 31 March 2024 65,544
NET BOOK VALUE
At 31 March 2024 11,856
At 31 March 2023 5,836

6. DEBTORS
31/3/24 31/3/23
£    £   
Amounts falling due within one year:
Trade debtors 2,310 6,131
Other debtors 184,861 121,547
187,171 127,678

Elder Rahimi Limited (Registered number: 06762266)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS - continued
31/3/24 31/3/23
£    £   
Amounts falling due after more than one year:
Other debtors 17,625 17,625

Aggregate amounts 204,796 145,303

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 18,049 18,757
Trade creditors 221,939 248,699
Taxation and social security 116,948 86,766
Other creditors 52,333 96,553
409,269 450,775

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans 46,683 66,687

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 46,683 66,687

The company took Corona Business Interruption Loan (CBIL) of £100,000 in 2022. This loan is repayable over six years. There was no interest charged for the first year and there was a holiday of capital repayment as well. The loan is secured over the assets of the company.

Elder Rahimi Limited (Registered number: 06762266)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
A R RAHIMI
Balance outstanding at start of year 118,560 153,513
Amounts advanced 65,023 -
Amounts repaid - (34,953 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 183,583 118,560

Dividends of £100,000 (2023: £100,000) have been issued during the period.

10. POST BALANCE SHEET EVENTS

No significant event took place since the balance sheet date.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of 100% shareholding in the company.