Company Registration No. 10057011 (England and Wales)
Rishan News Limited
Unaudited accounts
for the year ended 31 March 2025
Rishan News Limited
Unaudited accounts
Contents
Rishan News Limited
Company Information
for the year ended 31 March 2025
Director
Chirag Ashokbhai Thakkar
Company Number
10057011 (England and Wales)
Registered Office
80 Trafalgar Road
Horsham
RH12 2QL
England
Rishan News Limited
Statement of financial position
as at 31 March 2025
Intangible assets
40,742
46,276
Tangible assets
14,230
15,725
Cash at bank and in hand
9,058
8,287
Creditors: amounts falling due within one year
(48,051)
(49,729)
Net current assets
55,405
35,570
Total assets less current liabilities
110,377
97,571
Creditors: amounts falling due after more than one year
(106,691)
(94,558)
Called up share capital
100
100
Profit and loss account
3,586
2,913
Shareholders' funds
3,686
3,013
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 9 October 2025 and were signed on its behalf by
Chirag Ashokbhai Thakkar
Director
Company Registration No. 10057011
Rishan News Limited
Notes to the Accounts
for the year ended 31 March 2025
Rishan News Limited is a private company, limited by shares, registered in England and Wales, registration number 10057011. The registered office is 80 Trafalgar Road, Horsham, RH12 2QL, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% Reducing Balance Basis
Computer equipment
15% Reducing Balance Basi
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.
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.
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 15 years.
After making enquires, the directors have formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. For this reason the directors continue to adopt the going concern basis in preparing the financial statements.
Rishan News Limited
Notes to the Accounts
for the year ended 31 March 2025
The impact of Covid-19 (Coronavirus) has had a significantly detrimental effect on businesses across the UK. The government introduced measures to help businesses to furloughing employees and providing support to businesses in the form of various reliefs and grants.
Under FRS 102 paragraph 24.5E a grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised as income in the period in which it becomes receivable.
Most grants provided by the government in respect of Covid-19 are recognised immediately in profit or loss. The small business grant is also recognised as taxable income in profit or loss and brought into the tax computation.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
31,207
-
31,207
At 31 March 2025
31,207
908
32,115
At 1 April 2024
15,482
-
15,482
Charge for the year
2,358
45
2,403
At 31 March 2025
17,840
45
17,885
At 31 March 2025
13,367
863
14,230
At 31 March 2024
15,725
-
15,725
Work in progress
62,900
39,860
Rishan News Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
7,945
7,946
Other debtors
23,553
29,206
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
27,428
26,900
Taxes and social security
6,605
5,649
Other creditors
6,954
7,378
9
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 4 (2024: 4).