RACHO INTERNATIONAL LIMITED Accounts filed on 31-10-2013
RACHO INTERNATIONAL LIMITED Accounts filed on 31-10-2013
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: |
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Company secretary: |
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Registered office: |
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Company Registration Number: |
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RACHO INTERNATIONAL LIMITED
Abbreviated Balance sheet
As at 31st October 2013
Notes | 2013 £ |
2012 £ |
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Fixed assets | |||
Tangible assets: | 2 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 4 |
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Net current assets (liabilities): | ( |
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Total assets less current liabilities: | ( |
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Total net assets (liabilities): | ( |
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The notes form part of these financial statements
RACHO INTERNATIONAL LIMITED
Abbreviated Balance sheet
As at 31st October 2013
continued
Notes | 2013 £ |
2012 £ |
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Capital and reserves | |||
Called up share capital: | 5 |
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Profit and Loss account: | ( |
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Total shareholders funds: | ( |
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The financial statements were approved by the Board of Directors on
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
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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
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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
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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
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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