Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-302025-05-052023-12-01falsecommunity pharmacy88truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08510742 2023-12-01 2024-11-30 08510742 2022-12-01 2023-11-30 08510742 2024-11-30 08510742 2023-11-30 08510742 c:Director1 2023-12-01 2024-11-30 08510742 d:FurnitureFittings 2023-12-01 2024-11-30 08510742 d:FurnitureFittings 2024-11-30 08510742 d:FurnitureFittings 2023-11-30 08510742 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 08510742 d:Goodwill 2023-12-01 2024-11-30 08510742 d:Goodwill 2024-11-30 08510742 d:Goodwill 2023-11-30 08510742 d:CurrentFinancialInstruments 2024-11-30 08510742 d:CurrentFinancialInstruments 2023-11-30 08510742 d:Non-currentFinancialInstruments 2024-11-30 08510742 d:Non-currentFinancialInstruments 2023-11-30 08510742 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 08510742 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08510742 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 08510742 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 08510742 d:ShareCapital 2024-11-30 08510742 d:ShareCapital 2023-11-30 08510742 d:RetainedEarningsAccumulatedLosses 2024-11-30 08510742 d:RetainedEarningsAccumulatedLosses 2023-11-30 08510742 c:FRS102 2023-12-01 2024-11-30 08510742 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08510742 c:FullAccounts 2023-12-01 2024-11-30 08510742 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08510742 d:WithinOneYear 2024-11-30 08510742 d:WithinOneYear 2023-11-30 08510742 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 08510742 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 08510742 d:TaxLossesCarry-forwardsDeferredTax 2024-11-30 08510742 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 08510742 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 08510742










RAVIKA LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
RAVIKA LTD
REGISTERED NUMBER: 08510742

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
12,388
12,343

  
12,388
12,343

Current assets
  

Stocks
  
123,580
102,473

Debtors: amounts falling due within one year
 6 
65,887
82,886

Cash at bank and in hand
  
124,303
94,435

  
313,770
279,794

Creditors: amounts falling due within one year
 7 
(167,127)
(188,458)

Net current assets
  
 
 
146,643
 
 
91,336

Total assets less current liabilities
  
159,031
103,679

Creditors: amounts falling due after more than one year
 8 
(140,191)
(127,770)

Provisions for liabilities
  

Deferred tax
 9 
(3,097)
-

  
 
 
(3,097)
 
 
-

Net assets/(liabilities)
  
15,743
(24,091)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
15,741
(24,093)

  
15,743
(24,091)


Page 1

 
RAVIKA LTD
REGISTERED NUMBER: 08510742
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Mr Ravi Ganatra
Director
Date: 5 May 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
RAVIKA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Ravika Limited is a private company, limited by share capital, incorporated in England & Wales under registration number 08510742. The address of the registered office is Level 5A, Maple House,149 Tottenham Court Road, London, W1T 7NF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the assumption that the company will have the continued financial support of the shareholders. The shareholders of the company have sufficient resources to finance the company as and when the need arises.
The financial statements have been prepared on a going concern basis which is dependent on the financial support of the shareholders to ensure that the company will continue in operational existence for the foreseeable future.

 
2.3

Revenue

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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
RAVIKA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
7
years straight line

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
RAVIKA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income statement in the same period as the related expenditure.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
RAVIKA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 6

 
RAVIKA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 December 2023
661,861



At 30 November 2024

661,861



Amortisation


At 1 December 2023
661,861



At 30 November 2024

661,861



Net book value



At 30 November 2024
-



At 30 November 2023
-



Page 7

 
RAVIKA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 December 2023
102,489


Additions
3,142



At 30 November 2024

105,631



Depreciation


At 1 December 2023
90,146


Charge for the year on owned assets
3,097



At 30 November 2024

93,243



Net book value



At 30 November 2024
12,388



At 30 November 2023
12,343


6.


Debtors

2024
2023
£
£


Trade debtors
53,244
56,570

Other debtors
1,000
1,000

VAT repayable
8,096
10,875

Prepayments
3,547
3,754

Deferred taxation
-
10,687

65,887
82,886


Page 8

 
RAVIKA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
37,200

Trade creditors
111,182
102,378

Other creditors
141
-

Corporation tax
15,394
-

Pension payable
55
222

Directors' loan account
40,003
44,603

Accruals
352
4,055

167,127
188,458



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
140,191
127,770

140,191
127,770


The bank was secured through fixed and floating charge over all the property or undertaking of the company. 


9.


Deferred taxation




2024


£






At beginning of year
10,687


Charged to profit or loss
(13,784)



At end of year
(3,097)

Page 9

 
RAVIKA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
 
9.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,097)
(2,408)

Tax losses carried forward
-
13,095

(3,097)
10,687


10.


Commitments under operating leases

At 30 November 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
40,000
40,000

40,000
40,000


11.


Controlling party

The company was under control of Mr Ravi Ganatra (50% share) and Mrs Ruchika Ganatra (50% share), by virtue of the fact that between them they own the entire issued share capital of the company.

 
Page 10