Registered number
SC544000
SUKH & RUPI LIMITED
Filleted Accounts
30 September 2024
SUKH & RUPI LIMITED
Registered number: SC544000
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 118,747 118,747
Tangible assets 4 88,226 99,515
206,973 218,262
Current assets
Stocks 62,259 56,619
Debtors 5 7,700 11,254
Cash at bank and in hand 150,915 60,501
220,874 128,374
Creditors: amounts falling due within one year 6 (150,238) (103,977)
Net current assets 70,636 24,397
Total assets less current liabilities 277,609 242,659
Creditors: amounts falling due after more than one year 7 (100,999) (153,812)
Net assets 176,610 88,847
Capital and reserves
Called up share capital 2 2
Profit and loss account 176,608 88,845
Shareholders' funds 176,610 88,847
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.
Mr Sukhdev Singh
Director
Approved by the board on 19 June 2025
SUKH & RUPI LIMITED
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.
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:
Motor Vehicle 10% Reducing balance
Fixtures, fittings, tools and equipment 10% Reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 118,747
At 30 September 2024 118,747
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 118,747
At 30 September 2023 118,747
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 118,143
Disposals (1,338)
At 30 September 2024 116,805
Depreciation
At 1 October 2023 18,628
Charge for the year 9,951
At 30 September 2024 28,579
Net book value
At 30 September 2024 88,226
At 30 September 2023 99,515
5 Debtors 2024 2023
£ £
Other debtors 7,700 11,254
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 34,169 13,309
Taxation and social security costs 47,423 26,292
Trade creditors 68,646 64,376
150,238 103,977
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 45,065 54,176
Director's loan accounts 55,934 99,636
100,999 153,812
8 Other information
SUKH & RUPI LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
235 Forrest Street
Airdrie
ML6 7AY
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