Rakusen's Ltd - Period Ending 2019-07-01

Registration number: 02385824

Rakusen's Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 1 July 2019

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 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	4	138,242	170,376
Current assets
Stocks		391,068	365,258
Debtors	5	1,967,633	1,939,302
Cash at bank and in hand		221,424	102,292
		2,580,125	2,406,852
Creditors: Amounts falling due within one year	6	(914,036)	(784,444)
Net current assets		1,666,089	1,622,408
Total assets less current liabilities		1,804,331	1,792,784
Provisions for liabilities		(22,830)	(16,832)
Net assets		1,781,501	1,775,952
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,781,401	1,775,852
Total equity		1,781,501	1,775,952

For the financial year ending 1 July 2019 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 2019

Approved and authorised by the director on 26 March 2020
 

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

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 2019

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 26 March 2020.

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 49 (2018 - 51).

Page 3

Rakusen's Ltd

Notes to the Financial Statements for the Year Ended 1 July 2019

4	Tangible assets

	Fixtures, fittings and equipment  £	Plant and machinery  £	Total £
Cost or valuation
At 2 July 2018	250,026	2,114,296	2,364,322
Additions	476	30,601	31,077
At 1 July 2019	250,502	2,144,897	2,395,399
Depreciation
At 2 July 2018	237,779	1,956,167	2,193,946
Charge for the year	5,290	57,921	63,211
At 1 July 2019	243,069	2,014,088	2,257,157
Carrying amount
At 1 July 2019	7,433	130,809	138,242
At 1 July 2018	12,247	158,129	170,376

5

Debtors

	Note	2019 £	2018 £
Trade debtors		386,711	448,521
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7	1,518,257	1,428,707
Prepayments		30,756	22,929
Other debtors		31,909	39,145
		1,967,633	1,939,302

Page 4

Rakusen's Ltd

Notes to the Financial Statements for the Year Ended 1 July 2019

6

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Trade creditors	535,807	516,859
Taxation and social security	13,341	17,076
Accruals and deferred income	61,128	105,619
Other creditors	303,760	144,890
	914,036	784,444

7	Related party transactions

Summary of transactions with parent

Bonn's & Co Limited
 (Parent company)
 Dividends of £Nil (2018 - £Nil) were paid to the parent company. At the balance sheet date the amount due to Bonn's & Co Limited was £Nil (2018 - £Nil).

Fortis Food Limited
(Ultimate parent company)
At the balance sheet date the amount due from Fortis Food Limited was £1,518,257 (2018 - £1,428,707). During the year management charges of £53,500 (2018 - £52,000) paid.
 

Page 5