9 01/04/2024 31/03/2025 2025-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 01972720 2024-04-01 2025-03-31 01972720 2025-03-31 01972720 2024-03-31 01972720 2023-04-01 2024-03-31 01972720 2024-03-31 01972720 2023-03-31 01972720 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 01972720 bus:Director1 2024-04-01 2025-03-31 01972720 core:FurnitureFittingsToolsEquipment 2024-03-31 01972720 core:FurnitureFittingsToolsEquipment 2025-03-31 01972720 core:WithinOneYear 2025-03-31 01972720 core:WithinOneYear 2024-03-31 01972720 core:AfterOneYear 2025-03-31 01972720 core:AfterOneYear 2024-03-31 01972720 core:ShareCapital 2025-03-31 01972720 core:ShareCapital 2024-03-31 01972720 core:RetainedEarningsAccumulatedLosses 2025-03-31 01972720 core:RetainedEarningsAccumulatedLosses 2024-03-31 01972720 core:FurnitureFittingsToolsEquipment 2024-03-31 01972720 bus:SmallEntities 2024-04-01 2025-03-31 01972720 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01972720 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01972720 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01972720 bus:FullAccounts 2024-04-01 2025-03-31
Company registration number: 01972720
RANDHAWA MANAGEMENT SERVICES LIMITED
Trading as Randhawa Management Services Limited
Unaudited filleted financial statements
31 March 2025
RANDHAWA MANAGEMENT SERVICES LIMITED
Contents
Statement of financial position
Notes to the financial statements
RANDHAWA MANAGEMENT SERVICES LIMITED
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 4,199 1,934
_______ _______
4,199 1,934
Current assets
Stocks 5,923 3,825
Debtors 242,214 200,277
Cash at bank and in hand 8 8
_______ _______
248,145 204,110
Creditors: amounts falling due
within one year ( 106,612) ( 98,253)
_______ _______
Net current assets 141,533 105,857
_______ _______
Total assets less current liabilities 145,732 107,791
Creditors: amounts falling due
after more than one year ( 97,009) ( 61,281)
Provisions for liabilities - ( 367)
_______ _______
Net assets 48,723 46,143
_______ _______
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account ( 1,277) ( 3,857)
_______ _______
Shareholders funds 48,723 46,143
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 April 2025 , and are signed on behalf of the board by:
Mr G S Randhawa
Director
Company registration number: 01972720
RANDHAWA MANAGEMENT SERVICES LIMITED
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 121A High Street, West Bromwich, West Midlands, B70 6NY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25% % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2024 30,684 30,684
Additions 3,267 3,267
_______ _______
At 31 March 2025 33,951 33,951
_______ _______
Depreciation
At 1 April 2024 28,750 28,750
Charge for the year 1,002 1,002
_______ _______
At 31 March 2025 29,752 29,752
_______ _______
Carrying amount
At 31 March 2025 4,199 4,199
_______ _______
At 31 March 2024 1,934 1,934
_______ _______
6. Controlling party
During the year the company was under the control of Mr G.S. Randhawa.