RACHO INTERNATIONAL LIMITED Accounts filed on 31-10-2013

RACHO INTERNATIONAL LIMITED Accounts filed on 31-10-2013


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RACHO INTERNATIONAL LIMITED




Company Registration Number:
05971537 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st November 2012

End date: 31st October 2013

SUBMITTED

RACHO INTERNATIONAL LIMITED

Company Information
for the Period Ended
31st October 2013




Director: OLUKAYODE OLAJIDE
Company secretary: ISHA DUMBUYA
Registered office: Unit 61 Battersea Business Centre
99-109 Lavender Hill
London
SW11 5QL
Company Registration Number: 05971537 (England and Wales)

RACHO INTERNATIONAL LIMITED

Abbreviated Balance sheet
As at 31st October 2013

Notes 2013
£
2012
£
Fixed assets
Tangible assets: 2 8,959 11,528
Total fixed assets: 8,959 11,528
Current assets
Debtors: 3 194 231
Cash at bank and in hand: 108 -
Total current assets: 302 231
Creditors
Creditors: amounts falling due within one year 4 266,611 260,552
Net current assets (liabilities): ( 266,309 ) ( 260,321 )
Total assets less current liabilities: ( 257,350 ) ( 248,793 )
Total net assets (liabilities): ( 257,350 ) ( 248,793 )

The notes form part of these financial statements

RACHO INTERNATIONAL LIMITED

Abbreviated Balance sheet
As at 31st October 2013
continued

Notes 2013
£
2012
£
Capital and reserves
Called up share capital: 5 6,000 6,000
Profit and Loss account: ( 263,350 ) ( 254,793 )
Total shareholders funds: ( 257,350 ) ( 248,793 )

For the year ending 31 October 2013 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 23 July 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: OLUKAYODE OLAJIDE
Status: Director

The notes form part of these financial statements

RACHO INTERNATIONAL LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st October 2013

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    Turnover represents amounts receivable for Storage Rental and sales excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of all fixed assets over their expected useful life. The rates applied are:- Motor Vehicles - 25% on written down value Computer Equipment - 25% on written down value Fixtures, Fittings & Equipment - 20% on written down value.

RACHO INTERNATIONAL LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st October 2013

  • 2. Tangible assets

    Total
    Cost £
    At 01st November 2012: 49,197
    At 31st October 2013: 49,197
    Depreciation
    At 01st November 2012: 37,669
    Charge for year: 2,569
    At 31st October 2013: 40,238
    Net book value
    At 31st October 2013: 8,959
    At 31st October 2012: 11,528

RACHO INTERNATIONAL LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st October 2013

  • 3. Debtors

    2013
    £
    2012
    £
    Trade debtors: 91 102
    Other debtors: 103 129
    Total: 194 231

RACHO INTERNATIONAL LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st October 2013

  • 4. Creditors: amounts falling due within one year

    2013
    £
    2012
    £
    Bank loans and overdrafts: 41,159 38,829
    Amounts due under finance leases and hire purchase contracts: 11,611 10,954
    Other creditors: 213,841 210,769
    Total: 266,611 260,552

RACHO INTERNATIONAL LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st October 2013

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period 2012
    Class Number of shares Nominal value per share Total
    Ordinary shares: 6,000 1.00
    1.00
    6,000
    Total share capital: 6,000
    Current period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 6,000 1.00
    1.00
    6,000
    Total share capital: 6,000