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Company Registration No. 11737061 (England and Wales)
Raindrive Ltd Unaudited accounts for the year ended 31 December 2024
Raindrive Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Raindrive Ltd Company Information for the year ended 31 December 2024
Directors
Rajaji Thikkireddy Indirani Gopisetti
Company Number
11737061 (England and Wales)
Registered Office
OFFICE 10 PHOENIX BUSINESS CENTRE ROSSLYN CRESCENT HARROW HA1 2SP ENGLAND
Accountants
Metropolitan Accountants Ltd Phoenix Business Centre Office 10, Rosslyn Crescent Harrow Middlesex HA1 2SP
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Raindrive Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Current assets
Debtors
5
6,000
8,300
Cash at bank and in hand
68
459
6,068
8,759
Creditors: amounts falling due within one year
6
(4,240)
(5,909)
Net current assets
1,828
2,850
Total assets less current liabilities
1,828
2,850
Creditors: amounts falling due after more than one year
7
(749)
(2,574)
Net assets
1,079
276
Capital and reserves
Called up share capital
100
100
Profit and loss account
979
176
Shareholders' funds
1,079
276
For the year ending 31 December 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 15 September 2025 and were signed on its behalf by
Rajaji Thikkireddy Director Company Registration No. 11737061
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Raindrive Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Raindrive Ltd is a private company, limited by shares, registered in England and Wales, registration number 11737061. The registered office is OFFICE 10 PHOENIX BUSINESS CENTRE, ROSSLYN CRESCENT, HARROW, HA1 2SP, 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:
Motor vehicles
25% cost
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 January 2024
17,500
At 31 December 2024
17,500
Depreciation
At 1 January 2024
17,500
At 31 December 2024
17,500
Net book value
At 31 December 2024
-
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Other debtors
6,000
8,300
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Raindrive Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,917
1,917
Taxes and social security
1,875
3,244
Loans from directors
208
98
Accruals
240
650
4,240
5,909
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
749
2,574
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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