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Company Registration No. 08520147 (England and Wales)
RECHELS LTD Unaudited accounts for the year ended 31 May 2024
RECHELS LTD Unaudited accounts Contents
Page
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RECHELS LTD Company Information for the year ended 31 May 2024
Director
Rostislav RACHEV
Company Number
08520147 (England and Wales)
Registered Office
2ND FLOOR, 19 WHARFDALE ROAD LONDON N1 9SB ENGLAND
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RECHELS LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
5,520 
7,184 
Cash at bank and in hand
4,934 
2,433 
10,454 
9,617 
Creditors: amounts falling due within one year
(6,767)
(9,005)
Net current assets
3,687 
612 
Net assets
3,687 
612 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,587 
512 
Shareholders' funds
3,687 
612 
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 his 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 24 February 2025 and were signed on its behalf by
Rostislav RACHEV Director Company Registration No. 08520147
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RECHELS LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
RECHELS LTD is a private company, limited by shares, registered in England and Wales, registration number 08520147. The registered office is 2ND FLOOR, 19, WHARFDALE ROAD, LONDON, N1 9SB, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
5,520 
7,184 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,595 
6,599 
Taxes and social security
1,448 
1,682 
Other creditors
724 
724 
6,767 
9,005 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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