Rustic Shop Costan Ltd - Filleted accounts

Registered number

06043433

Rustic Shop Costan Ltd

Filleted Accounts

31 January 2025

Rustic Shop Costan Ltd
Registered number:		06043433
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		723,892			715,391

Current assets
Stocks		13,650			25,007
Cash at bank and in hand		21,114			160,757
		34,764			185,764

Creditors: amounts falling due within one year	5	(332,591)			(341,609)

Net current liabilities			(297,827)			(155,845)

Total assets less current liabilities			426,065			559,546

Creditors: amounts falling due after more than one year	6		(145,070)			(280,000)



Net assets			280,995			279,546

Capital and reserves
Called up share capital			100			100
Profit and loss account			280,895			279,446

Shareholders' funds			280,995			279,546

The directors are 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 directors acknowledge their 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.




Iulian Blanita
Director
Approved by the board on 29 October 2025

Rustic Shop Costan Ltd
Notes to the Accounts
for the year ended 31 January 2025


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:

	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.

	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, 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.

	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.

	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.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		6


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2024	710,477		27,534		30,460		768,471
	Additions	9,180		5,294		-		14,474
	At 31 January 2025	719,657		32,828		30,460		782,945

	Depreciation
	At 1 February 2024	-		27,534		25,546		53,080
	Charge for the year	-		1,059		4,914		5,973
	At 31 January 2025	-		28,593		30,460		59,053

	Net book value
	At 31 January 2025	719,657		4,235		-		723,892
	At 31 January 2024	710,477		-		4,914		715,391


4	Investments

Other
investments
£
	Cost

	At 31 January 2025							-

	Historical cost
	At 1 February 2024							741,471
	At 31 January 2025							741,471



5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					146		10,635
	Net wages					2,374		2,374
	Loan from Raluca					211,314		211,314
	Taxation and social security costs					169		420
	Pension Contribution					-		79
	Other creditors					118,588		116,787
						332,591		341,609


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					145,070		280,000


7	Loans					2025		2024
£							£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years					234,314		234,314


8	Other information

	Rustic Shop Costan Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	281 Leytonstone High Road
	Leytonstone
	London
	E11 4HH