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REGISTERED NUMBER: 11564481 (England and Wales)



Financial Statements for the Year Ended 31 December 2023

for

Reudan International Ltd

Reudan International Ltd (Registered number: 11564481)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Reudan International Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S Balraj
Mr S Nagarajan





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 11564481 (England and Wales)





AUDITORS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Reudan International Ltd (Registered number: 11564481)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 121,407 93,467

CURRENT ASSETS
Debtors 5 1,053,940 1,550,837
Cash at bank and in hand 396,415 535,033
1,450,355 2,085,870
CREDITORS
Amounts falling due within one year 6 (1,020,981 ) (1,550,389 )
NET CURRENT ASSETS 429,374 535,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,781

628,948

CREDITORS
Amounts falling due after more than one
year

7

(108,508

)

(78,820

)
NET ASSETS 442,273 550,128

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 442,173 550,028
SHAREHOLDERS' FUNDS 442,273 550,128

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 27 December 2024 and were signed on its behalf by:





Mr S Balraj - Director


Reudan International Ltd (Registered number: 11564481)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Reudan International 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to at such time of loading the shipment.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on cost
Fixtures & fittings - 25% on cost
Motor vehicles - 20% on cost

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprises cash on hand and all deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to and insignificant risk of change in value.

Foreign currency transactions and balances
Transactions in foreign currency are initially recorded at the functional currency rate prevailing at the date of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective financial currency of the entity at the rate prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Reudan International Ltd (Registered number: 11564481)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payables are classified as current liabilities of the company does not have an unconditional right at the end of the reporting period to refer settlements of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlements for at least twelve months after the reporting date they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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
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.

Going concern
The financial statements have been prepared on a going concern basis. This requires the Directors to consider, as at the date of approving the financial statements, that there is reasonable expectation that the Company has adequate financial resources to continue to operate, and to meet its liabilities as they fall due for payment, for at least twelve months following the approval of the financial statements.

The directors have reviewed the cash balances to cover at least twelve months of operations, including the continuation of employment as currently contracted without any reduction of cost savings initiatives. The results of the review has shown that the company has sufficient cash to cover at least twelve months of operations and the adoption of going concern basis is reasonable and appropriate.

Reudan International Ltd (Registered number: 11564481)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Grants
The company receives government grants in respect of Customs Training and IT Grants Scheme. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accruals model.

The company receives government grants in respect of furlough of employees. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 315 110,081 15,544 125,940
Additions - 65,102 909 66,011
Disposals (315 ) - - (315 )
At 31 December 2023 - 175,183 16,453 191,636
DEPRECIATION
At 1 January 2023 118 19,627 12,728 32,473
Charge for year 79 35,037 2,837 37,953
Eliminated on disposal (197 ) - - (197 )
At 31 December 2023 - 54,664 15,565 70,229
NET BOOK VALUE
At 31 December 2023 - 120,519 888 121,407
At 31 December 2022 197 90,454 2,816 93,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 869,947 1,287,397
Other debtors 2,155 12,155
HP Interest 16,829 10,926
VAT 160,096 234,345
Prepayments 4,913 6,014
1,053,940 1,550,837

Reudan International Ltd (Registered number: 11564481)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 8) 13,635 10,000
Hire purchase contracts 17,486 8,801
Trade creditors 672,292 1,235,255
Tax 267,797 215,089
Social security and other taxes 5,629 8,044
Other creditors 19,055 38,055
HMRC Grant on IT Assets - 2,749
Accrued expenses 25,087 32,396
1,020,981 1,550,389

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) 14,167 24,167
Hire purchase contracts 94,341 54,653
108,508 78,820

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,635 -
Bounce back loan - Less 1 year 10,000 10,000
13,635 10,000

Amounts falling due between two and five years:
Bounce back loan 14,167 24,167

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

Reudan International Ltd (Registered number: 11564481)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


10. RESERVES
Retained
earnings
£   

At 1 January 2023 550,028
Profit for the year 118,645
Dividends (226,500 )
At 31 December 2023 442,173

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alan Kaye FCA (Senior Statutory Auditor)
for and on behalf of BBK Partnership