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Company Registration No. 9726586 (England and Wales)
Rico Solutions Limited Unaudited accounts for the year ended 31 August 2024
Rico Solutions Limited Unaudited accounts Contents
Page
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Rico Solutions Limited Company Information for the year ended 31 August 2024
Directors
Mr Tanishq Sabharwal Mrs Madhavi Sabharwal
Company Number
9726586 (England and Wales)
Registered Office
165 Broadway Didcot Oxfordshire OX11 8SA
Accountants
Edmil Accountants UK Ltd 146 Broadway Didcot Oxfordshire OX11 8SH
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Rico Solutions Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
254,954 
254,981 
Current assets
Debtors
17,994 
- 
Cash at bank and in hand
83,828 
76,912 
101,822 
76,912 
Creditors: amounts falling due within one year
(89,578)
(76,704)
Net current assets
12,244 
208 
Total assets less current liabilities
267,198 
255,189 
Creditors: amounts falling due after more than one year
(152,222)
(162,403)
Net assets
114,976 
92,786 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
113,976 
91,786 
Shareholders' funds
114,976 
92,786 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 29 March 2025 and were signed on its behalf by
Mr Tanishq Sabharwal Director Company Registration No. 9726586
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Rico Solutions Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Rico Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 9726586. The registered office is 165 Broadway, Didcot, Oxfordshire, OX11 8SA.
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.
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:
Motor vehicles
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
254,089 
2,484 
89,272 
164 
346,009 
Additions
- 
- 
- 
750 
750 
At 31 August 2024
254,089 
2,484 
89,272 
914 
346,759 
Depreciation
At 1 September 2023
- 
1,592 
89,272 
164 
91,028 
Charge for the year
- 
621 
- 
156 
777 
At 31 August 2024
- 
2,213 
89,272 
320 
91,805 
Net book value
At 31 August 2024
254,089 
271 
- 
594 
254,954 
At 31 August 2023
254,089 
892 
- 
- 
254,981 
Shares bought in Kherion Ltd
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Rico Solutions Limited Notes to the Accounts for the year ended 31 August 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,994 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,188 
- 
VAT
12,108 
3,424 
Taxes and social security
1,814 
1,409 
Other creditors
8,400 
1,390 
Loans from directors
51,128 
70,481 
Accruals
750 
- 
Deferred income
6,190 
- 
89,578 
76,704 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
152,222 
152,222 
Other creditors
- 
10,181 
152,222 
162,403 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Transactions with related parties
At year end, the company owed the sum of £51,128 to the directors. (FY:2023- £70,481)
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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