Rasul and Son Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC677082

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		30,000		35,000
Tangible Assets	5		200,569		210,186
Investment Properties	6		313,913		-

			544,482		245,186
CURRENT ASSETS
Stocks	7	70,700		57,200
Cash at bank and in hand		58,909		323,202

		129,609		380,402
Creditors: Amounts Falling Due Within One Year	8	(338,158 )		(346,848 )

NET CURRENT ASSETS (LIABILITIES)			(208,549 )		33,554

TOTAL ASSETS LESS CURRENT LIABILITIES			335,933		278,740

Creditors: Amounts Falling Due After More Than One Year	9		(30,000 )		(30,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(13,249 )		(13,249 )

NET ASSETS			292,684		235,491

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			292,584		235,391

SHAREHOLDERS' FUNDS			292,684		235,491

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Rasul and Son Ltd

Balance Sheet (continued)

As At 31 March 2025

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 member has 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.

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 Mohammed Rasul

Director

31/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Rasul and Son Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC677082 . The registered office is 190 Easter Road, Edinburgh, EH7 5QH.

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. Turnover

Turnover represents the consideration received from the sale of goods, net of value added tax.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is amortised to the profit and loss account over 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not depreciated
Plant & Machinery	10% - on a straight line basis

2.5. Investment Properties

Investment property is stated at cost and is not depreciated.

2.6. Stocks and Work in Progress

Stock is stated at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks, excluding VAT.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 18 (2024: 16)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	49,997

As at 31 March 2025	49,997

Amortisation
As at 1 April 2024	14,997
Provided during the period	5,000

As at 31 March 2025	19,997

Net Book Value
As at 31 March 2025	30,000

As at 1 April 2024	35,000

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Rasul and Son Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 April 2024	157,289	96,174	253,463

As at 31 March 2025	157,289	96,174	253,463

Depreciation
As at 1 April 2024	-	43,277	43,277
Provided during the period	-	9,617	9,617

As at 31 March 2025	-	52,894	52,894

Net Book Value
As at 31 March 2025	157,289	43,280	200,569

As at 1 April 2024	157,289	52,897	210,186

6. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	-
Additions	313,913

As at 31 March 2025	313,913

7. Stocks

	2025	2024
	£	£
Finished goods	70,700	57,200

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	99,241	43,793
Corporation tax	22,078	54,902
Other taxes and social security	4,620	916
VAT	11,417	3,255
Director's loan account	200,802	243,982

	338,158	346,848

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	30,000	30,000

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Rasul and Son Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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