Registered number
04773280
Rachael Alcobi Limited
Filleted Accounts
31 May 2024
Rachael Alcobi Limited
Registered number: 04773280
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 448 896
Current assets
Debtors 4 28,395 16,804
Cash at bank 19,818 19,652
48,213 36,456
Creditors: amounts falling due within one year 5 (48,341) (37,106)
Net current liabilities (128) (650)
Net assets 320 246
Capital and reserves
Called up share capital 2 2
Profit and loss account 318 244
Shareholder's funds 320 246
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs R N Alcobi
Director
Approved by the board on 18 February 2025
Rachael Alcobi Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract, which is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 2,733
At 31 May 2024 2,733
Depreciation
At 1 June 2023 1,837
Charge for the year 448
At 31 May 2024 2,285
Net book value
At 31 May 2024 448
At 31 May 2023 896
4 Debtors 2024 2023
£ £
Trade debtors 11,687 1,800
Other debtors 16,708 15,004
28,395 16,804
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 43,114 33,044
Other creditors 5,227 4,062
48,341 37,106
6 Loan to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr & Mrs Alcobi
Directors' current account 11,218 81,490 (76,000) (16,708)
11,218 81,490 (76,000) (16,708)
The amounts due from the directors at the year-end were repaid within 9 months of the Balance Sheet date.
7 Controlling party
The company is controlled by Mr and Mrs S Alcobi, who own the entire share capital of the company equally.
8 Other information
Rachael Alcobi Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
Manor Way
Borehamwood
Hertfordshire
WD6 1QQ
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