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RAISHMA READY TO WEAR LIMITED

Registered Number
07936044
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

RAISHMA READY TO WEAR LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

ISLAM, Raishma

Registered Address

73 York Street
London
W1H 1QE

Registered Number

07936044 (England and Wales)
RAISHMA READY TO WEAR LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets314,38816,031
14,38816,031
Current assets
Debtors440,599248,076
Cash at bank and on hand25,21282,421
465,811330,497
Creditors amounts falling due within one year4(239,259)(168,851)
Net current assets (liabilities)226,552161,646
Total assets less current liabilities240,940177,677
Creditors amounts falling due after one year5(258,863)(1,359,281)
Provisions for liabilities6(3,597)(4,358)
Net assets(21,520)(1,185,962)
Capital and reserves
Called up share capital269269
Profit and loss account(21,789)(1,186,231)
Shareholders' funds(21,520)(1,185,962)
The financial statements were approved and authorised for issue by the Director on 14 August 2025, and are signed on its behalf by:
ISLAM, Raishma
Director
Registered Company No. 07936044
RAISHMA READY TO WEAR LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Land and buildings15
Plant and machinery25
Fixtures and fittings15
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year23
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 2440,5171,12727,15230,22799,023
Additions---955955
At 31 December 2440,5171,12727,15231,18299,978
Depreciation and impairment
At 01 January 2433,0051,01519,97428,99882,992
Charge for year1,127281,1363072,598
At 31 December 2434,1321,04321,11029,30585,590
Net book value
At 31 December 246,385846,0421,87714,388
At 31 December 237,5121127,1781,22916,031
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables186,597121,039
Bank borrowings and overdrafts36,10029,457
Taxation and social security-4,937
Other creditors11,53313,418
Accrued liabilities and deferred income5,029-
Total239,259168,851
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts58,86358,863
Other creditors200,0001,300,418
Total258,8631,359,281
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,5974,358
Total3,5974,358