Registered number
10310477
Rishi Fashions Ltd
Filleted Accounts
31 August 2024
Apex Associates LLP
Accountants and Tax Consultants
Apex Chambers
58a Ilford Lane
Ilford
Essex
IG1 2JY

Rishi Fashions Ltd
Registered number: | 10310477
Balance Sheet
as at 31 August 2024
Notes |  |  | 2024 |  |  | 2023
£ | £
Fixed assets
Intangible assets | 3 |  |  | 25,000 |  |  | 25,000
Current assets
Stocks |  |  | 5,754 |  |  | 4,853
Debtors | 4 |  | 14,596 |  |  | 14,038
Cash at bank and in hand |  |  | 2,300 |  |  | 2,392
|  |  | 22,650 |  |  | 21,283
Creditors: amounts falling due within one year | 5 |  | (22,722) |  |  | (17,620)
Net current (liabilities)/assets |  |  |  | (72) |  |  | 3,663
Total assets less current liabilities |  |  |  | 24,928 |  |  | 28,663
Creditors: amounts falling due after more than one year | 6 |  |  | (42,290) |  |  | (46,196)
Net liabilities |  |  |  | (17,362) |  |  | (17,533)
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | (17,462) |  |  | (17,633)
Shareholder's funds |  |  |  | (17,362) |  |  | (17,533)
The director is 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 director acknowledges his 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.
Mr Rashid Ishfaq
Director
Approved by the board on 20 May 2025

Rishi Fashions Ltd
Notes to the Accounts
for the year ended 31 August 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 sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
| 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.
2 | Employees | 2024 |  | 2023
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Intangible fixed assets | £
| Goodwill:
| Cost
| At 1 September 2023 | 25,000
| At 31 August 2024 | 25,000
| Amortisation
| At 31 August 2024 | -
| Net book value
| At 31 August 2024 | 25,000
| At 31 August 2023 | 25,000
4 | Debtors | 2024 |  | 2023
£ | £
| Other debtors | 14,596 |  | 14,038
5 | Creditors: amounts falling due within one year | 2024 |  | 2023
£ | £
| Bank loans and overdrafts | 3,229 |  | 3,393
| Trade creditors | 6,111 |  | 5,121
| Taxation and social security costs | 2,267 |  | 2,845
| Other creditors | 11,115 |  | 6,261
|  |  |  |  |  | 22,722 |  | 17,620
6 | Creditors: amounts falling due after one year | 2024 |  | 2023
£ | £
| Bank loans | 42,290 |  | 46,196
7 | Other information
| Rishi Fashions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 56-58 Deptford High Street
| London
| SE8 4RT

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