Rushi Retail Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the director on the preparation of the unaudited statutory accounts of Rushi Retail Limited for the year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Rushi Retail Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/gb/en/about-us/regulation/rulebook.html

This report is made to the director of Rushi Retail Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rushi Retail Limited and state those matters that we have agreed to state to the director of Rushi Retail Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rushi Retail Limited and its director as a body for our work or for this report.

It is your duty to ensure that Rushi Retail Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Rushi Retail Limited . You consider that Rushi Retail Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Rushi Retail Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Sunil N Patel

12/01/2026

Sunil N Patel & Co

Chartered Certified Accountants

14 Chertsey Street

London

SW17 8LG

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Rushi Retail Limited

Balance Sheet

As At 30 April 2025

Balance Sheet

Registered number: 06576079

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		38,479		49,879
Tangible Assets	5		504,873		540,225

			543,352		590,104
CURRENT ASSETS
Stocks	6	49,855		52,275
Debtors	7	1,305		79,933
Cash at bank and in hand		119,564		55,566

		170,724		187,774
Creditors: Amounts Falling Due Within One Year	8	(135,279 )		(174,239 )

NET CURRENT ASSETS (LIABILITIES)			35,445		13,535

TOTAL ASSETS LESS CURRENT LIABILITIES			578,797		603,639

Creditors: Amounts Falling Due After More Than One Year	9		(289,053 )		(324,619 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(550 )

NET ASSETS			289,744		278,470

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			289,644		278,370

SHAREHOLDERS' FUNDS			289,744		278,470

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Rushi Retail Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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.

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 Mahendra Patel

Director

12/01/2026

The notes on pages 4 to 8 form part of these financial statements.

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Rushi Retail Limited

Notes to the Financial Statements

For The Year Ended 30 April 2025

Notes to the Financial Statements

1. General Information

Rushi Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06576079 . The registered office is 95 Kenilworth Avenue , Reading, Berkshire, RG30 3EH.

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

At the time of approving the financial statements, the director have a reasonable expectation that the company has adequate resources to contrinue in operational existence for the foreseeable future.This the director continue to adopt the going concern basis of accounting in preparing the financial statements.

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. Intangible Fixed Assets and Amortisation - Goodwill

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 the profit and loss account over its estimated economic life of .... years.

2.5. 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	4% on a straight line basis
Fixtures & Fittings	20% on a straight line basis

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. 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.

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Rushi Retail Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.8. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and trade and other creditors , loans from bank and other third parties.

Basic financial assets

Basic financial assets which include trade and other debtors and cash and bank balances are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transactions, where the transactions measured at the present value of the future receipts discounted at market rate of interest.Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans from bank, loans from third parties and loans from related parties are initially recognised at transaction price unless the arrangement constitutes a financing transactions where the debt is measured at the present value of the future payments discounted at market rate of interest.Such instruments are subsequently carried at amortised cost using the effective interest method, less impairment.

2.9. 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 year, 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.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 12)

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Rushi Retail Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2024	228,000

As at 30 April 2025	228,000

Amortisation
As at 1 May 2024	178,121
Provided during the period	11,400

As at 30 April 2025	189,521

Net Book Value
As at 30 April 2025	38,479

As at 1 May 2024	49,879

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Rushi Retail Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

5. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 May 2024	971,504	108,066	1,079,570
Additions	10,948	-	10,948

As at 30 April 2025	982,452	108,066	1,090,518

Depreciation
As at 1 May 2024	447,575	91,770	539,345
Provided during the period	39,962	6,338	46,300

As at 30 April 2025	487,537	98,108	585,645

Net Book Value
As at 30 April 2025	494,915	9,958	504,873

As at 1 May 2024	523,929	16,296	540,225

6. Stocks

	2025	2024
	£	£
Stock	49,855	52,275

7. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,305	79,933

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	37,160	54,247
Bank loans and overdrafts	58,658	57,472
Other creditors	11,202	16,665
Taxation and social security	28,259	45,855

	135,279	174,239

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Rushi Retail Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

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

	2025	2024
	£	£
Bank loans	257,702	293,268
Other creditors	31,351	31,351

	289,053	324,619

10. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	316,360		350,740

11. Share Capital

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

Ordinary shares of £1 each

12. Related Party Transactions

The company paid £5,000 (2024: £5,000) dividend to the director.

At the balance sheet date, amount due to director, Mr M R Patel and Mrs P M Patel £1,759 (2023: £5,669).At the balances date amount due from Village Stores ( Partnership owned by Mr M R Patel and Mrs P M Patel) was nil (2024: £79,933) ( Amount repaid on 31 December 2024).,The company charged interest at 2.35% per annam on the amount due.

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