Company Registration No. 12167180 (England and Wales)
Rehmat Tex Ltd
Unaudited accounts
for the year ended 31 August 2024
Rehmat Tex Ltd
Unaudited accounts
Contents
Rehmat Tex Ltd
Company Information
for the year ended 31 August 2024
Directors
Saqib Naqi
Saqib Naqi
Company Number
12167180 (England and Wales)
Registered Office
Unit 5, Balmoral Trading Estate
113 River Road
Barking
IG11 0EG
England
Accountants
Capital Talks LLP
Accountants & Tax consultants
310D - EW Sterling House
Langston Road
Loughton
IG10 3TS
Rehmat Tex Ltd
Statement of financial position
as at 31 August 2024
Intangible assets
5,250
6,300
Tangible assets
13,629
21,738
Inventories
212,000
193,000
Cash at bank and in hand
117,532
215,218
Creditors: amounts falling due within one year
(74,232)
(87,599)
Net current assets
482,400
494,917
Total assets less current liabilities
501,279
522,955
Creditors: amounts falling due after more than one year
(240,902)
(292,648)
Net assets
260,377
230,307
Called up share capital
1
1
Profit and loss account
260,376
230,306
Shareholders' funds
260,377
230,307
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 21 May 2025 and were signed on its behalf by
Saqib Naqi
Director
Company Registration No. 12167180
Rehmat Tex Ltd
Notes to the Accounts
for the year ended 31 August 2024
Rehmat Tex Ltd is a private company, limited by shares, registered in England and Wales, registration number 12167180. The registered office is Unit 5, Balmoral Trading Estate, 113 River Road, Barking, IG11 0EG, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% on cost.
Motor vehicles
20% on cost.
Fixtures & fittings
20% on cost.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rehmat Tex Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Goodwill
At 1 September 2023
10,500
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
33,333
6,000
1,208
40,541
At 31 August 2024
33,333
6,000
1,208
40,541
At 1 September 2023
18,361
200
242
18,803
Charge for the year
6,667
1,200
242
8,109
At 31 August 2024
25,028
1,400
484
26,912
At 31 August 2024
8,305
4,600
724
13,629
At 31 August 2023
14,972
5,800
966
21,738
Amounts falling due within one year
Trade debtors
78,600
75,798
Other debtors
148,500
98,500
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,184
11,184
Taxes and social security
25,611
28,533
Loans from directors
23,853
19,729
Rehmat Tex Ltd
Notes to the Accounts
for the year ended 31 August 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
148,000
135,000
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
At 31 August 2024 the company owed £171,853.48 to S Naqi as a result of loans made to the company. The loans are unsecured and interest free.
The Director S Naqi controls the company as a result of controlling directly 100% of the issued share capital.
11
Average number of employees
During the year the average number of employees was 3 (2023: 1).