Rakusen's Ltd - Period Ending 2018-07-01

Registration number: 02385824

Rakusen's Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 1 July 2018

Rakusen's Ltd

Contents

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

Rakusen's Ltd

(Registration number: 02385824)
Balance Sheet as at 1 July 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	170,376	175,189
Current assets
Stocks		365,258	299,972
Debtors	5	1,939,302	2,103,676
Cash at bank and in hand		102,292	32,656
		2,406,852	2,436,304
Creditors: Amounts falling due within one year	6	(784,444)	(608,601)
Net current assets		1,622,408	1,827,703
Total assets less current liabilities		1,792,784	2,002,892
Provisions for liabilities		(16,832)	(18,106)
Net assets		1,775,952	1,984,786
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,775,852	1,984,686
Total equity		1,775,952	1,984,786

For the financial year ending 1 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

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

Page 1

Rakusen's Ltd

(Registration number: 02385824)
Balance Sheet as at 1 July 2018

Approved and authorised by the director on 28 March 2019
 

.........................................

Mr A D Simpson

Director

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

Page 2

Rakusen's Ltd

Notes to the Financial Statements for the Year Ended 1 July 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rakusen House
Clayton Wood Rise
Ring Road West Park
Leeds
LS16 6QN

These financial statements were authorised for issue by the director on 28 March 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	7 years
Fixtures, fittings and equipment	3 to 5 years

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 51 (2017 - 44).

Page 3

Rakusen's Ltd

Notes to the Financial Statements for the Year Ended 1 July 2018

4	Tangible assets

	Fixtures, fittings and equipment  £	Plant and machinery  £	Total £
Cost or valuation
At 2 July 2017	237,871	2,057,480	2,295,351
Additions	12,155	56,816	68,971
At 1 July 2018	250,026	2,114,296	2,364,322
Depreciation
At 2 July 2017	233,959	1,886,203	2,120,162
Charge for the year	3,820	69,964	73,784
At 1 July 2018	237,779	1,956,167	2,193,946
Carrying amount
At 1 July 2018	12,247	158,129	170,376
At 1 July 2017	3,912	171,277	175,189

5

Debtors

	Note	2018 £	2017 £
Trade debtors		448,521	467,501
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7	1,428,707	1,577,009
Prepayments		22,929	32,496
Other debtors		39,145	26,670
		1,939,302	2,103,676

Page 4

Rakusen's Ltd

Notes to the Financial Statements for the Year Ended 1 July 2018

6

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Trade creditors	516,859	339,079
Taxation and social security	17,076	18,831
Accruals and deferred income	105,619	121,172
Other creditors	144,890	129,519
	784,444	608,601

7	Related party transactions

Summary of transactions with parent

Bonn's & Co Limited
 (Parent company)
 Dividends of £Nil (2017 - £125,000) were paid to the parent company. At the balance sheet date the amount due to Bonn's & Co Limited was £Nil (2017 - £Nil).

Fortis Food Limited
(Ultimate parent company)
At the balance sheet date the amount due from Fortis Food Limited was £1,428,707 (2017 - £1,577,009).
 

Page 5