Company Registration No. 07095835 (England and Wales)
RICK LIMITED
Unaudited accounts
for the year ended 31 December 2024
RICK LIMITED
Unaudited accounts
Contents
RICK LIMITED
Company Information
for the year ended 31 December 2024
Directors
Tanvir Ahmed
Mr Basudev Lamichhane
Company Number
07095835 (England and Wales)
Registered Office
PENTAX HOUSE SOUTH HILL AVENUE
SOUTH HARROW
LONDON
MIDDLESEX
HA2 0DU
ENGLAND
Accountants
Red Parrot Accounting Ltd
Red Parrot Accounting, Pentax House,
South Hill Avenue
South Harrow, London, Middlesex
England
HA2 0DU
RICK LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
1,357
1,738
Cash at bank and in hand
10,693
34,265
Creditors: amounts falling due within one year
(280,290)
(35,072)
Net current (liabilities)/assets
(204,302)
44,725
Total assets less current liabilities
(202,945)
46,463
Creditors: amounts falling due after more than one year
(26,548)
(275,633)
Provisions for liabilities
Net liabilities
(229,562)
(229,170)
Called up share capital
1,000
1,000
Profit and loss account
(230,562)
(230,170)
Shareholders' funds
(229,562)
(229,170)
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 14 September 2025 and were signed on its behalf by
Mr Basudev Lamichhane
Director
Company Registration No. 07095835
RICK LIMITED
Notes to the Accounts
for the year ended 31 December 2024
RICK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07095835. The registered office is PENTAX HOUSE SOUTH HILL AVENUE, SOUTH HARROW, LONDON, MIDDLESEX, HA2 0DU, 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.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
The financial statements have been prepared on a going concern basis as support has been arranged from the shareholders to enable the company to pay its debts as they fall due.
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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
RICK LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
63,915
44,152
Accrued income and prepayments
1,380
1,380
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,265
-
Trade creditors
5,613
19,561
Taxes and social security
5,690
6,613
Other creditors
5,836
8,898
Loans from directors
256,886
-
RICK LIMITED
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
236,767
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).