RACHO INTERNATIONAL LIMITED

Company Registration Number:
05971537 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

RACHO INTERNATIONAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

RACHO INTERNATIONAL LIMITED

Company Information

for the Period Ended 31 October 2024




Director: Olukayode Olajide
Secretary: Ayodele Aderiye
Registered office: Unit 61
Battersea Business Centre
99-109 Lavender Hill
London
SW11 5QL
Company Registration Number: 05971537 (England and Wales)

RACHO INTERNATIONAL LIMITED

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 601 764
Total fixed assets: 601 764
Current assets
Debtors: 19 22
Cash at bank and in hand: 54 45
Total current assets: 73 67
Creditors: amounts falling due within one year: ( 311,178 ) ( 309,173 )
Net current assets (liabilities): ( 311,105 ) ( 309,106 )
Total assets less current liabilities: ( 310,504 ) ( 308,342 )
Total net assets (liabilities): ( 310,504 ) ( 308,342 )

The notes form part of these financial statements

RACHO INTERNATIONAL LIMITED

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 6,000 6,000
Profit and loss account: ( 316,504 ) ( 314,342 )
Shareholders funds: ( 310,504 ) ( 308,342 )

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 3 December 2024
And Signed On Behalf Of The Board By:

Name: Olukayode Olajide
Status: Director

The notes form part of these financial statements

RACHO INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for Storage Rental and sales excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of all fixed assets over their expected useful life.
    The rates applied are:-
    Motor Vehicles - 25% on written down value.
    Computer Equipment - 25% on written down value.
    Fixtures, Fittings & Equipment - 20% on written down value.

RACHO INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

RACHO INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

RACHO INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible Assets

Total
Cost £
At 01 November 2023 49,197
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2024 49,197
Depreciation
At 01 November 2023 48,433
Charge for year 163
On disposals -
Other adjustments -
At 31 October 2024 48,596
Net book value
At 31 October 2024 601
At 31 October 2023 764