Registered number
11580716
RIOS PIRI PIRI REDDITCH LTD
Filleted Accounts
30 September 2024
RIOS PIRI PIRI REDDITCH LTD
Registered number: 11580716
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 15,000 15,000
Tangible assets 4 149 6,477
15,149 21,477
Current assets
Stocks 6,764 6,418
Debtors 5 11,157 7,248
Cash at bank and in hand 274,110 199,029
292,031 212,695
Creditors: amounts falling due within one year 6 (119,980) (102,008)
Net current assets 172,051 110,687
Total assets less current liabilities 187,200 132,164
Creditors: amounts falling due after more than one year 7 - (17,928)
Net assets 187,200 114,236
Capital and reserves
Called up share capital 100 100
Profit and loss account 187,100 114,136
Shareholders' funds 187,200 114,236
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Kamran Ali
Director
Approved by the board on 29 May 2025
RIOS PIRI PIRI REDDITCH LTD
Notes to the Accounts
for the year ended 30 September 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 26 20
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 15,000
At 30 September 2024 15,000
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 15,000
At 30 September 2023 15,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 56,411
Additions 6,192
At 30 September 2024 62,603
Depreciation
At 1 October 2023 49,934
Charge for the year 12,520
At 30 September 2024 62,454
Net book value
At 30 September 2024 149
At 30 September 2023 6,477
5 Debtors 2024 2023
£ £
Trade debtors 11,157 7,248
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 830 -
Trade creditors 13,755 19,678
Taxation and social security costs 79,986 56,546
Other creditors 25,409 25,784
119,980 102,008
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 17,928
8 Other information
RIOS PIRI PIRI REDDITCH LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unicorn Parade
9-13 Unicorn Hill
Redditch
B97 4QR
RIOS PIRI PIRI REDDITCH LTD 11580716 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Kamran Ali No description of principal activity 11580716 2022-10-01 2023-09-30 11580716 core:WithinOneYear 2023-09-30 11580716 core:AfterOneYear 2023-09-30 11580716 core:ShareCapital 2023-09-30 11580716 core:RetainedEarningsAccumulatedLosses 2023-09-30 11580716 2023-10-01 2024-09-30 11580716 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11580716 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11580716 bus:Director40 2023-10-01 2024-09-30 11580716 1 2023-10-01 2024-09-30 11580716 2 2023-10-01 2024-09-30 11580716 core:PlantMachinery 2023-10-01 2024-09-30 11580716 countries:England 2023-10-01 2024-09-30 11580716 bus:FRS102 2023-10-01 2024-09-30 11580716 bus:FilletedAccounts 2023-10-01 2024-09-30 11580716 2024-09-30 11580716 core:WithinOneYear 2024-09-30 11580716 core:AfterOneYear 2024-09-30 11580716 core:ShareCapital 2024-09-30 11580716 core:RetainedEarningsAccumulatedLosses 2024-09-30 11580716 core:Goodwill 2024-09-30 11580716 core:PlantMachinery 2024-09-30 11580716 2023-09-30 11580716 core:Goodwill 2023-09-30 11580716 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure