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STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
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All of the members of RizRaz Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the period ending 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
15961200
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FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS |
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REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
RIZRAZ LIMITED |
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PERIOD FROM 1 DECEMBER 2024 TO 31 MARCH 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of RizRaz Limited for the period ended 31 March 2026, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.
LANGARD LIFFORD HALL LIMITED
Accountants and Registered Auditors
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
21 July 2026
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
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31 March 2026
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31 Mar 26 |
30 Nov 24 |
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Note |
£ |
£ |
£ |
£ |
|
|
|
|
|
Fixed assets
|
Tangible assets |
4 |
|
10,607 |
|
– |
|
|
|
|
|
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Current assets
|
Stocks |
16,635 |
|
– |
|
|
Debtors |
3,300 |
|
– |
|
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Cash at bank and in hand |
1 |
|
1 |
|
|
------------ |
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------------ |
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|
19,936 |
|
1 |
|
|
|
|
|
|
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Creditors: amounts falling due within one year |
46,071 |
|
– |
|
|
------------ |
|
------------ |
|
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Net current (liabilities)/assets |
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(
26,135) |
|
1 |
|
|
------------ |
|
------------ |
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Total assets less current liabilities |
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(
15,528) |
|
1 |
|
|
------------ |
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------------ |
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Net (liabilities)/assets |
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(
15,528) |
|
1 |
|
|
------------ |
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------------ |
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|
|
|
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Capital and reserves
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Called up share capital |
|
1 |
|
1 |
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Profit and loss account |
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(
15,529) |
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– |
|
|
------------ |
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------------ |
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Shareholder (deficit)/funds |
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(
15,528) |
|
1 |
|
|
------------ |
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------------ |
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|
|
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476
;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
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31 March 2026
These abridged financial statements were approved by the
board of directors
and authorised for issue on
21 July 2026
, and are signed on behalf of the board by:
Company registration number:
15961200
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
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PERIOD FROM 1 DECEMBER 2024 TO 31 MARCH 2026
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 49 Manor Avenue, Cannock, Staffordshire, WS11 1AA.
2.
Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The member's attention is drawn to the deficit in shareholder funds. The accounts have been prepared on the going concern basis, as the director has confirmed she will not be calling on her loan account for the foreseeable future.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Tangible Assets
|
£ |
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Cost |
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At 1 December 2024 |
– |
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Additions |
10,607 |
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------------ |
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At 31 March 2026 |
10,607 |
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------------ |
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Depreciation |
|
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At 1 December 2024 and 31 March 2026 |
– |
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------------ |
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Carrying amount |
|
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At 31 March 2026 |
10,607 |
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------------ |
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At 30 November 2024 |
– |
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------------ |
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5.
Director's Advances, Credits and Guarantees
Amounts owed to the director at the balance sheet date are included in creditors and totalled £44,511.