Company Registration No. 14450980 (England and Wales)
RALK LIMITED
Unaudited accounts
for the year ended 31 October 2024
RALK LIMITED
Unaudited accounts
Contents
RALK LIMITED
Company Information
for the year ended 31 October 2024
Directors
Felix Ikemefuna
Peace Ikemefuna
Company Number
14450980 (England and Wales)
Registered Office
83 Rowditch Furlong
Redhouse Park
Milton Keynes
MK14 5FD
United Kingdom
Accountants
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
RALK LIMITED
Accountants' report
Accountants' report to the board of directors of RALK LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
RALK LIMITED for the year ended
31 October 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of RALK LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of RALK LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RALK LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RALK LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RALK LIMITED. You consider that RALK LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of RALK LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
28 July 2025
RALK LIMITED
Statement of financial position
as at 31 October 2024
Tangible assets
10,943
3,845
Cash at bank and in hand
370
505
Creditors: amounts falling due within one year
(20,196)
(11,675)
Net current assets
9,479
819
Total assets less current liabilities
58,492
42,734
Creditors: amounts falling due after more than one year
(4,098)
(4,098)
Called up share capital
2
2
Profit and loss account
54,392
38,634
Shareholders' funds
54,394
38,636
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 July 2025 and were signed on its behalf by
Felix Ikemefuna
Director
Company Registration No. 14450980
RALK LIMITED
Notes to the Accounts
for the year ended 31 October 2024
RALK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14450980. The registered office is 83 Rowditch Furlong, Redhouse Park, Milton Keynes, MK14 5FD, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Other tangible fixed assets
18
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
RALK LIMITED
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
-
658
4,244
4,902
Additions
10,873
-
-
10,873
At 31 October 2024
10,873
658
4,244
15,775
At 1 November 2023
-
66
991
1,057
Charge for the year
2,718
66
991
3,775
At 31 October 2024
2,718
132
1,982
4,832
At 31 October 2024
8,155
526
2,262
10,943
At 31 October 2023
-
592
3,253
3,845
5
Investments
Other investments
Valuation at 1 November 2023
38,070
Valuation at 31 October 2024
38,070
Amounts falling due within one year
Amounts due from group undertakings etc.
29,305
11,989
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
3,786
-
Taxes and social security
14,560
9,785
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
4,098
4,098
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).