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COMPANY REGISTRATION NUMBER: 09389698
Rawi & Co Associates Ltd
Filleted Unaudited Abridged Financial Statements
31 December 2024
Rawi & Co Associates Ltd
Abridged Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Current assets
Stocks
25,000
77,517
Debtors
184,194
185,365
Cash at bank and in hand
374,904
237,131
---------
---------
584,098
500,013
Creditors: amounts falling due within one year
582,902
499,256
---------
---------
Net current assets
1,196
757
-------
----
Total assets less current liabilities
1,196
757
-------
----
Net assets
1,196
757
-------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,096
657
-------
----
Shareholders funds
1,196
757
-------
----
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Rawi & Co Associates Ltd
Abridged Statement of Financial Position (continued)
31 December 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 21 February 2025 , and are signed on behalf of the board by:
Radwan Al-Rawi
Director
Company registration number: 09389698
Rawi & Co Associates Ltd
Notes to the Abridged Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 128 Ebury Street, London SW1W 9QQ.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of consideration received or receivable.
Work in progress
Work in progress represents time cost accrued related to ongoing accountancy and audit services.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2023: 14 ).