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Registered number: 07721062
Risheena Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07721062
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 341,655 364,179
341,655 364,179
CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 35,222 50,590
Cash at bank and in hand 4,520 16,256
40,742 67,846
Creditors: Amounts Falling Due Within One Year 7 (55,218 ) (77,070 )
NET CURRENT ASSETS (LIABILITIES) (14,476 ) (9,224 )
TOTAL ASSETS LESS CURRENT LIABILITIES 327,179 354,955
Creditors: Amounts Falling Due After More Than One Year 8 (32,763 ) (45,400 )
NET ASSETS 294,416 309,555
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 294,316 309,455
SHAREHOLDERS' FUNDS 294,416 309,555
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hakumat Rai
Director
10/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Risheena Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07721062 . The registered office is Unit 6 Eskdale Road, Uxbridge, Middlesex, UB8 2RT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold reviewed for impairment on annual basis
Plant & Machinery 25% reducing balance
Motor Vehicles 10% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 September 2023 152,269 37,135 97,861 145,663
As at 31 August 2024 152,269 37,135 97,861 145,663
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 September 2023 - 28,249 9,786 30,714
Provided during the period - 2,222 8,807 11,495
As at 31 August 2024 - 30,471 18,593 42,209
Net Book Value
As at 31 August 2024 152,269 6,664 79,268 103,454
As at 1 September 2023 152,269 8,886 88,075 114,949
Computer Equipment Total
£ £
Cost
As at 1 September 2023 10,935 443,863
As at 31 August 2024 10,935 443,863
Depreciation
As at 1 September 2023 10,935 79,684
Provided during the period - 22,524
As at 31 August 2024 10,935 102,208
Net Book Value
As at 31 August 2024 - 341,655
As at 1 September 2023 - 364,179
5. Stocks
2024 2023
£ £
Stock 1,000 1,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,222 50,590
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 42,556 60,072
VAT 10,928 16,998
Directors' loan accounts 1,734 -
55,218 77,070
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 32,763 45,400
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5