Richitalia Limited - Filleted accounts

Registered number

07556297

Richitalia Limited

Filleted Accounts

31 December 2024

Richitalia Limited
Registered number:		07556297
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Current assets
Stocks		158,062			161,722
Cash at bank and in hand		10,776			10,822
		168,838			172,544

Creditors: amounts falling due within one year	3	(217,558)			(214,494)

Net current liabilities			(48,720)			(41,950)

Net liabilities			(48,720)			(41,950)

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			(49,720)			(42,950)

Shareholder's funds			(48,720)			(41,950)

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 member has 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.




S Rich
Director
Approved by the board on 24 September 2025

Richitalia Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime). The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	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.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.

	Going concern
	The major part of the company's working capital requirements are provided by a loan from the director who has indicated that this support will continue for the foreseeable future. The director, having considered the above and made due enquiries, continues to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

	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.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		1


3	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					1,251		766
	Other creditors					216,307		213,728
						217,558		214,494


4	Share capital	Nominal		2024		2024		2023
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,000		1,000		1,000


5	Related party transactions

	During the year the director lent the company various amounts interest free. The amount owed to the director included within creditors is £203,040 (2023- £203,040).


6	Other information

	Richitalia Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Flat D
	105 Mount Street
	London
	W1K 2TN