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Registered number: 10698916
Rixos Catering Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
ADS Accountants
Certified Acountants
117 Dartford Road
Dartford
Kent
DA1 3EN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10698916
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,667 7,083
Tangible Assets 5 108,257 170,553
113,924 177,636
CURRENT ASSETS
Stocks 6 - 24,000
Debtors 7 343,861 96,771
Cash at bank and in hand 3,713 1,944
347,574 122,715
Creditors: Amounts Falling Due Within One Year 8 (469,721 ) (378,530 )
NET CURRENT ASSETS (LIABILITIES) (122,147 ) (255,815 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,223 ) (78,179 )
Creditors: Amounts Falling Due After More Than One Year 9 (34,116 ) (36,274 )
NET LIABILITIES (42,339 ) (114,453 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (42,340 ) (114,454 )
SHAREHOLDERS' FUNDS (42,339) (114,453)
Page 1
Page 2
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 Tansu Ozsoykal
Director
16/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rixos Catering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10698916 . The registered office is 117 Dartford Road, Dartford, DA1 3EN.
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 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.
2.3. 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.
2.4. 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:
Plant & Machinery 15% on cost
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: 19)
- 19
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 14,167
As at 31 March 2025 14,167
Amortisation
As at 1 April 2024 7,084
Provided during the period 1,416
As at 31 March 2025 8,500
Net Book Value
As at 31 March 2025 5,667
As at 1 April 2024 7,083
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 415,304
As at 31 March 2025 415,304
Depreciation
As at 1 April 2024 244,751
Provided during the period 62,296
As at 31 March 2025 307,047
Net Book Value
As at 31 March 2025 108,257
As at 1 April 2024 170,553
6. Stocks
2025 2024
£ £
Finished goods - 24,000
Page 4
Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 3,114
Other debtors 342,241 93,657
342,241 96,771
Due after more than one year
Other debtors 1,620 -
343,861 96,771
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 44,827 52,904
Bank loans and overdrafts 73,922 94,736
Other creditors 184,412 186,633
Taxation and social security 166,560 44,257
469,721 378,530
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 34,116 36,274
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Tansu Ozsoykal 8,891 273,003 13,880 - 250,232
The above loan is unsecured, interest free and repayable on demand.
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