Company Registration No. 8521387 (England and Wales)
RUTH & WADIA LTD
Unaudited accounts
for the year ended 31 May 2024
RUTH & WADIA LTD
Unaudited accounts
Contents
RUTH & WADIA LTD
Company Information
for the year ended 31 May 2024
Company Number
8521387 (England and Wales)
Registered Office
1 Wellinger Way
Leicester
LE3 1RG
Accountants
Edmil Accountants UK Ltd
146 Broadway
Didcot
Oxfordshire
OX11 8SH
RUTH & WADIA LTD
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
705
7,460
Creditors: amounts falling due within one year
(7,058)
(9,747)
Net current assets
6,944
2,694
Called up share capital
100
100
Profit and loss account
6,844
2,646
Shareholders' funds
6,944
2,746
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2025 and were signed on its behalf by
Patricia Kpange
Director
Company Registration No. 8521387
RUTH & WADIA LTD
Notes to the Accounts
for the year ended 31 May 2024
RUTH & WADIA LTD is a private company, limited by shares, registered in England and Wales, registration number 8521387. The registered office is 1 Wellinger Way, Leicester, LE3 1RG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
2,634
268
2,902
At 31 May 2024
2,634
268
2,902
At 1 June 2023
2,634
216
2,850
Charge for the year
-
52
52
At 31 May 2024
2,634
268
2,902
Amounts falling due after more than one year
Other debtors
13,297
4,981
RUTH & WADIA LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,058
9,747
Included in creditors is the sum of £13,044 owed to Barclays Bank in the form of Bounce Back Loan. (FY2021:£15,000)
7
Transactions with related parties
Included in other debtors is the sum of £1,304 owed by the Director to the business. (FY.2021: £2,342)
Included in debtors is the sum of £4,345 owed by Edmil Accountants to the business. (FY.2021: £5,000)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).