4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 50,000 19,060 7,140 26,200 23,800 30,940 16,190 8,630 3,240 11,870 4,320 7,560 xbrli:pure xbrli:shares iso4217:GBP 11048643 2023-12-01 2024-11-30 11048643 2024-11-30 11048643 2023-11-30 11048643 2022-12-01 2023-11-30 11048643 2023-11-30 11048643 2022-11-30 11048643 core:NetGoodwill 2023-12-01 2024-11-30 11048643 core:FurnitureFittings 2023-12-01 2024-11-30 11048643 bus:Director1 2023-12-01 2024-11-30 11048643 core:NetGoodwill 2023-11-30 11048643 core:NetGoodwill 2024-11-30 11048643 core:FurnitureFittings 2023-11-30 11048643 core:FurnitureFittings 2024-11-30 11048643 core:WithinOneYear 2024-11-30 11048643 core:WithinOneYear 2023-11-30 11048643 core:AfterOneYear 2024-11-30 11048643 core:AfterOneYear 2023-11-30 11048643 core:ShareCapital 2024-11-30 11048643 core:ShareCapital 2023-11-30 11048643 core:RetainedEarningsAccumulatedLosses 2024-11-30 11048643 core:RetainedEarningsAccumulatedLosses 2023-11-30 11048643 core:NetGoodwill 2023-11-30 11048643 core:FurnitureFittings 2023-11-30 11048643 bus:Director1 2023-11-30 11048643 bus:Director1 2022-11-30 11048643 bus:SmallEntities 2023-12-01 2024-11-30 11048643 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 11048643 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11048643 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11048643 bus:FullAccounts 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 11048643

Radhika's Off Licence Limited

Filleted Unaudited Financial Statements

30 November 2024

Radhika's Off Licence Limited

Statement of Financial Position

30 November 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Intangible assets | 5 | 23,800 | 30,940
Tangible assets | 6 | 4,320 | 7,560
| -------- | --------
| 28,120 | 38,500

Current assets

Stocks | 60,130 | 40,146
Cash at bank and in hand | 5,224 | 4,371
| -------- | --------
| 65,354 | 44,517

Creditors: amounts falling due within one year | 7 | 5,412 | 7,186
| -------- | --------
Net current assets | 59,942 | 37,331
| -------- | --------
Total assets less current liabilities | 88,062 | 75,831

Creditors: amounts falling due after more than one year | 8 | 120,269 | 110,813
| --------- | ---------
Net liabilities | ( 32,207) | ( 34,982)
| --------- | ---------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | ( 32,307) | ( 35,082)
| -------- | --------
Shareholders deficit | ( 32,207) | ( 34,982)
| -------- | --------

These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Radhika's Off Licence Limited

Statement of Financial Position (continued)

30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

Mrs A Patel |
Director |

Company registration number: 11048643

Radhika's Off Licence Limited

Notes to the Financial Statements

Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91 Denton Road, Audenshaw, Manchester, M34 5BL, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 15% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

| Fixtures and fittings | - | 20% straight line

Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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 stock to its present location and condition.
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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 as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 5 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 December 2023 and 30 November 2024 | 50,000
| --------
Amortisation |
At 1 December 2023 | 19,060
Charge for the year | 7,140
| --------
At 30 November 2024 | 26,200
| --------
Carrying amount |
At 30 November 2024 | 23,800
| --------
At 30 November 2023 | 30,940
| --------

6. Tangible assets

| Fixtures and fittings
| £
Cost |
At 1 December 2023 and 30 November 2024 | 16,190
| --------
Depreciation |
At 1 December 2023 | 8,630
Charge for the year | 3,240
| --------
At 30 November 2024 | 11,870
| --------
Carrying amount |
At 30 November 2024 | 4,320
| --------
At 30 November 2023 | 7,560
| --------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 4,030 | 525
Social security and other taxes | 1,382 | 1,665
Other creditors | – | 4,996
| ------- | -------
| 5,412 | 7,186
| ------- | -------

8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Other creditors | 120,269 | 110,813
| --------- | ---------

9. Financial instruments
In accordance with FRS 102.22, financial instruments issued by the Company are treated as equity only to the extent that they meet the following two conditions: (a) They include no contractual obligations upon the Company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the Company; and (b) Where the instrument will or may be settled in the Company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the Company's own equity instruments or is a derivative that will be settled by the Company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments. To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the Company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| Balance brought forward and outstanding
| 2024 | 2023
| £ | £
Mrs A Patel | ( 114,802) | ( 110,813)
| --------- | ---------