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Company Registration No. 12893916 (England and Wales)
RICH2BEAN LIMITED Unaudited accounts for the year ended 31 October 2024
RICH2BEAN LIMITED Unaudited accounts Contents
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RICH2BEAN LIMITED Company Information for the year ended 31 October 2024
Directors
Ankit Shah Jaydeep Dinkar Upadhyay
Company Number
12893916 (England and Wales)
Registered Office
24 LICHFIELD ROAD HOUNSLOW TW4 6HS ENGLAND
Accountants
MAP Accounting Limited 26 Oakfield Avenue Harrow HA3 8TJ
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RICH2BEAN LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
51,958 
51,958 
Tangible assets
6,847 
9,130 
58,805 
61,088 
Current assets
Inventories
13,340 
6,320 
Debtors
11,093 
11,967 
Cash at bank and in hand
21,883 
43,581 
46,316 
61,868 
Creditors: amounts falling due within one year
(90,603)
(122,718)
Net current liabilities
(44,287)
(60,850)
Net assets
14,518 
238 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
14,418 
138 
Shareholders' funds
14,518 
238 
For the year ending 31 October 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 28 March 2025 and were signed on its behalf by
Jaydeep Dinkar Upadhyay Director Company Registration No. 12893916
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RICH2BEAN LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
RICH2BEAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12893916. The registered office is 24 LICHFIELD ROAD, HOUNSLOW, TW4 6HS, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 November 2023
49,600 
2,358 
51,958 
At 31 October 2024
49,600 
2,358 
51,958 
Amortisation
At 1 November 2023
- 
- 
- 
At 31 October 2024
- 
- 
- 
Net book value
At 31 October 2024
49,600 
2,358 
51,958 
At 31 October 2023
49,600 
2,358 
51,958 
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RICH2BEAN LIMITED Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
17,234 
At 31 October 2024
17,234 
Depreciation
At 1 November 2023
8,104 
Charge for the year
2,283 
At 31 October 2024
10,387 
Net book value
At 31 October 2024
6,847 
At 31 October 2023
9,130 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,136 
2,010 
Accrued income and prepayments
9,857 
9,857 
Other debtors
100 
100 
11,093 
11,967 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,275 
74 
Other creditors
6,522 
15,827 
Loans from directors
81,206 
106,217 
Accruals
600 
600 
90,603 
122,718 
8
Average number of employees
During the year the average number of employees was 8 (2023: 3).
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