Registered number
11065587
Rudra Trading Limited
Filleted Accounts
30 November 2024
Rudra Trading Limited
Registered number: 11065587
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 48,000 48,000
Tangible assets 4 134,371 145,225
182,371 193,225
Current assets
Stocks 6,050 15,600
Debtors 5 60,280 156,304
Cash at bank and in hand 33,335 71,209
99,665 243,113
Creditors: amounts falling due within one year 6 (139,933) (178,745)
Net current (liabilities)/assets (40,268) 64,368
Total assets less current liabilities 142,103 257,593
Creditors: amounts falling due after more than one year 7 (84,375) (136,636)
Net assets 57,728 120,957
Capital and reserves
Called up share capital 10 10
Profit and loss account 57,718 120,947
Shareholders' funds 57,728 120,957
The director is 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 director acknowledges his 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 Manbir Singh
Director
Approved by the board on 18 February 2025
Rudra Trading Limited
Notes to the Accounts
for the year ended 30 November 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. 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.
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 vehicles over 5 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 38 29
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 48,000
At 30 November 2024 48,000
Amortisation
At 30 November 2024 -
Net book value
At 30 November 2024 48,000
At 30 November 2023 48,000
Goodwill represents the purchased value of previous business and is carried in the accounts at its historical balue on 19 March 2018. Goodwill is not amortised as the directors are of the opinion that its carrying value is fully recoverable..
4 Tangible fixed assets
Leasehold Improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 17,440 97,267 85,038 199,745
Additions - 9,261 - 9,261
At 30 November 2024 17,440 106,528 85,038 209,006
Depreciation
At 1 December 2023 - 51,969 2,551 54,520
Charge for the year - 6,794 13,321 20,115
At 30 November 2024 - 58,763 15,872 74,635
Net book value
At 30 November 2024 17,440 47,765 69,166 134,371
At 30 November 2023 17,440 45,298 82,487 145,225
5 Debtors 2024 2023
£ £
Other debtors 60,280 156,304
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 41,794 26,854
Obligations under finance lease and hire purchase contracts 19,937 19,937
Trade creditors 56,582 94,327
Taxation and social security costs 8,149 15,511
Director's account 2,357 19,616
Accruals and deferred income 2,500 2,500
Other creditors 8,614 -
139,933 178,745
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,541 23,464
Obligations under finance lease and hire purchase contracts 70,834 113,172
84,375 136,636
8 Trading name
The company has traded under the name of " Samsi Japanese Restaurant" throughout the current and previous year.
9 Other information
Rudra Trading Limited is a private company limited by shares and incorporated in England. Its registered office is:
Fowler House Fowler Lane
Farington Moss
Leyland
Preston
PR25 3RJ
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