RESHAMI FOODS LIMITED - Filleted accounts

Registered number

07918452

RESHAMI FOODS LIMITED

Filleted Accounts

31 December 2024

RESHAMI FOODS LIMITED
Registered number:		07918452
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		88			110

Current assets
Stocks		-			34,625
Debtors	4	86,403			34,263
Cash at bank and in hand		10,193			3,088
		96,596			71,976

Creditors: amounts falling due within one year	5	(50,855)			(43,644)

Net current assets			45,741			28,332

Net assets			45,829			28,442

Capital and reserves
Called up share capital			2			2
Profit and loss account			45,827			28,440

Shareholders' funds			45,829			28,442

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.




Mr Harminder S Bal
Director
Approved by the board on 8 September 2025

RESHAMI FOODS LIMITED
Notes to the Accounts
for the year ended 31 December 2024


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.

	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:

	Fixtures, fittings and office equipment	20% reducing balance method

	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.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		-		-


3	Tangible fixed assets
					Furniture, fittings and office equipent
£
	Cost
	At 1 January 2024				789
	At 31 December 2024				789

	Depreciation
	At 1 January 2024				679
	Charge for the year				22
	At 31 December 2024				701

	Net book value
	At 31 December 2024				88
	At 31 December 2023				110


4	Debtors		2024		2023
£				£

	Trade debtors		86,770		33,933
	Other debtors and prepayments		(367)		330
			86,403		34,263


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		86		3,214
	Taxation and social security costs		4,083		999
	Director's accounts		3,034		2,875
	Other creditors and accruals		43,652		36,556
			50,855		43,644


6	Other information

	RESHAMI FOODS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Southgate Office Village
	286b Chase Road
	Southgate
	London
	N14 6HF