RZK TEXTILES LIMITED 31/01/2025 iXBRL

Company registration number: 07409657

RZK TEXTILES LIMITED

Unaudited abridged financial statements

31 January 2025

RZK TEXTILES LIMITED

Contents

Directors and other information

Director's report

Abridged statement of comprehensive income

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

RZK TEXTILES LIMITED

Directors and other information


	Director	Dr. Rana Zulqarnain Khan


	Company number	07409657


	Registered office	Unit C
		Royle Pennine Trading Estate
		Rochdale
		OL11 3EX


	Accountants	Berkley Heath
		2 Redstone Road
		Manchester
		M19 1RB

RZK TEXTILES LIMITED

Director's report

Year ended 31 January 2025

The director presents this report and the unaudited financial statements of the company for the year ended 31 January 2025.

Director

The director who served the company during the year was as follows:

Dr. Rana Zulqarnain Khan

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 09 July 2025 and signed on behalf of the board by:

Dr. Rana Zulqarnain Khan

Director

RZK TEXTILES LIMITED

Abridged statement of comprehensive income

Year ended 31 January 2025

		2025	2024
	Note	£	£

Gross profit		784,361		864,797

Staff costs	4	( 190,795)		( 159,585)
Depreciation and other amounts written off tangible and intangible fixed assets		( 2,949)		( 3,932)
Other operating expenses		( 295,533)		( 410,438)
		_______		_______
Operating profit		295,084		290,842

Other interest receivable and similar income		-		894
Interest payable and similar expenses		( 601)		( 764)
		_______		_______
Profit before taxation	5	294,483		290,972

Tax on profit		( 72,877)		( 70,522)
		_______		_______
Profit for the financial year and total comprehensive income		221,606		220,450
		_______		_______

All the activities of the company are from continuing operations.

RZK TEXTILES LIMITED

Abridged statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	13,595		11,794
		_______		_______
			13,595		11,794

Current assets
Stocks		1,307,500		1,497,500
Debtors		1,047,245		2,750,545
Cash at bank and in hand		320		515,722
		_______		_______
		2,355,065		4,763,767
Creditors: amounts falling due
within one year		( 1,283,602)		( 3,902,061)
		_______		_______
Net current assets			1,071,463		861,706
			_______		_______
Total assets less current liabilities			1,085,058		873,500

Creditors: amounts falling due
after more than one year			( 13,978)		( 24,026)
			_______		_______
Net assets			1,071,080		849,474
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			1,070,980		849,374
			_______		_______
Shareholders funds			1,071,080		849,474
			_______		_______

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 09 July 2025 , and are signed on behalf of the board by:

Dr. Rana Zulqarnain Khan

Director

Company registration number: 07409657

RZK TEXTILES LIMITED

Statement of changes in equity

Year ended 31 January 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 February 2023	100	628,924	629,024

Profit for the year		220,450	220,450
	_______	_______	_______
Total comprehensive income for the year	-	220,450	220,450

	_______	_______	_______
At 31 January 2024 and 1 February 2024	100	849,374	849,474

Profit for the year		221,606	221,606
	_______	_______	_______
Total comprehensive income for the year	-	221,606	221,606

	_______	_______	_______
At 31 January 2025	100	1,070,980	1,071,080
	_______	_______	_______

RZK TEXTILES LIMITED

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit C, Royle Pennine Trading Estate, Rochdale, OL11 3EX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 18 (2024: 12 ).

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	184,264	150,883
Social security costs	4,250	6,473
Other pension costs	2,281	2,229
	_______	_______
	190,795	159,585
	_______	_______

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	2,949	3,932
	_______	_______

6. Tangible assets


		£
	Cost
	At 1 February 2024	78,347
	Additions	4,750
		_______
	At 31 January 2025	83,097
		_______
	Depreciation
	At 1 February 2024	66,553
	Charge for the year	2,949
		_______
	At 31 January 2025	69,502
		_______
	Carrying amount
	At 31 January 2025	13,595
		_______
	At 31 January 2024	11,794
		_______

7. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Dr. Rana Zulqarnain Khan	( 11,547)	-	( 11,547)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Dr. Rana Zulqarnain Khan	( 246)	( 11,301)	( 11,547)
		_______	_______	_______

8. Controlling party

The company is controlled by the director by virtue of the director and other family members controlling 100% share capital of the company.