Acorah Software Products - Accounts Production 16.4.675 false true true false 4 November 2025 5 December 2023 31 December 2024 31 December 2024 15330193 Mr Chandan Modi Rashmi Metaliks Limited Premlata Buildings, 39, Shakespeare Sarani, Kolkata, India true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15330193 2023-12-04 15330193 2024-12-31 15330193 2023-12-05 2024-12-31 15330193 frs-core:CurrentFinancialInstruments 2024-12-31 15330193 frs-core:ShareCapital 2024-12-31 15330193 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15330193 frs-bus:PrivateLimitedCompanyLtd 2023-12-05 2024-12-31 15330193 frs-bus:FilletedAccounts 2023-12-05 2024-12-31 15330193 frs-bus:SmallEntities 2023-12-05 2024-12-31 15330193 frs-bus:Audited 2023-12-05 2024-12-31 15330193 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-05 2024-12-31 15330193 1 2023-12-05 2024-12-31 15330193 frs-core:DeferredTaxation 2023-12-05 2024-12-31 15330193 frs-core:DeferredTaxation 2024-12-31 15330193 frs-bus:Director1 2023-12-05 2024-12-31 15330193 frs-countries:EnglandWales 2023-12-05 2024-12-31
Registered number: 15330193
Rashmi Metaliks UK Limited
Financial Statements
For the Period 5 December 2023 to 31 December 2024
CKRD ACCOUNTANTS LTD
194 Honeypot Lane
Stanmore
Middlesex
HA7 1EE
Rashmi Metaliks UK Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
Rashmi Metaliks UK Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 15330193

| 31 December 2024
--- | ---
| Notes | £ | £
CURRENT ASSETS
Stocks | 4 | 1,074,053 |
Debtors | 5 | 283,590 |
Cash at bank and in hand |  | 271,205 |
|  | 1,628,848 |
Creditors: Amounts Falling Due Within One Year | 6 | (1,632,683 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (3,835 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (3,835 )
NET LIABILITIES |  |  | (3,835 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100,000
Profit and Loss Account |  |  | (103,835 )
SHAREHOLDERS' FUNDS |  |  | (3,835)

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Chandan Modi Director
4 December 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Rashmi Metaliks UK Limited
Notes to the Financial Statements
For the Period 5 December 2023 to 31 December 2024
Notes to the Financial Statements
1. General Information
Rashmi Metaliks UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15330193 . The registered office is Suite 102, Oceanair House 750-760 High Road, Leytonstone, London, E11 3AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. However, the company will be able to continue trading with the support of the Parent company through Intercompany loans when required.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
Rashmi Metaliks UK Limited
Notes to the Financial Statements (continued)
For the Period 5 December 2023 to 31 December 2024
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Stocks

| 31 December 2024
--- | ---
| £
Stock | 1,074,053

5. Debtors

| 31 December 2024
--- | ---
| £
Due within one year
Trade debtors | 242,292
Other debtors | 41,298
| 283,590

6. Creditors: Amounts Falling Due Within One Year

| 31 December 2024
--- | ---
| £
Trade creditors | 79,215
Amounts owed to participating interests | 1,508,421
Other creditors | 3,100
Taxation and social security | 41,947
| 1,632,683

7. Deferred Taxation
The provision for deferred tax is made up as follows: Deferred tax asset on losses carried forward.
8. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
Deferred taxation | (34,612 ) | (34,612 )
Balance at 31 December 2024 | (34,612 ) | (34,612)

9. Share Capital

| 31 December 2024
--- | ---
| £
Allotted, Called up and fully paid | 100,000

10. Related Party Transactions
The company owed its parent company Rashmi Metaliks Ltd, £1,508,421 at the year end date.
Page 3
Page 4
Rashmi Metaliks UK Limited
Notes to the Financial Statements (continued)
For the Period 5 December 2023 to 31 December 2024
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Rashmi Metaliks Limited . Rashmi Metaliks Limited was incorporated in (India). Copies of the group accounts may be obtained from the secretary, Premlata Buildings, 39, Shakespeare Sarani, Kolkata, India . The ultimate controlling party is Rashmi Metaliks Limited who controls 100% of the shares of Rashmi Metaliks UK Limited .
12. Audit Information
The auditor's report on the accounts of Rashmi Metaliks UK Limited for the period ended 31 December 2024 was qualified.
The basis of qualification in the auditor's report was as follows:
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.
We were not appointed as auditor of the company until after 31 December 2024 and thus did not observe the counting of physical inventories at the end of the year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 December 2022, which are included in the balance sheet at £1,074,053, by using other audit procedures. Consequently, we were unable to determine whether any adjustment to this amount was necessary.
The matters required to report by exception are stated below:
Except for the matter described in the basis for qualified opinion section of our report, In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.
Arising solely from the limitation on the scope of our work relating to inventory, referred to above:
• we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and
• we were unable to determine whether adequate accounting records have been kept.
The auditor's report was signed by Kantilal Rabadia (Senior Statutory Auditor) for and on behalf of CKRD Accountants Ltd , Statutory Auditor.
Page 4