Julia & Rana Ltd

Julia & Rana Ltd

JULIA & RANA LTD - Company Information

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Company Registration No. 10003150 (England and Wales)
Julia & Rana Ltd ANNUAL REPORT AND UNAUDITED ACCOUNTS for the year ended 30 April 2022
Julia & Rana Ltd ANNUAL REPORT AND UNAUDITED ACCOUNTS Contents
Page
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Julia & Rana Ltd Company Information for the year ended 30 April 2022
Director
Muhammad Inam-Ul-Haq Rana
Company Number
10003150 (England and Wales)
Registered Office
320 Romford Road London E7 8BD
Accountants
Legend Financial and Tax Advisers Limited 246-250 Romford Road Citygate House London E7 9HZ
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Julia & Rana Ltd Accountants' report
Accountants' report to the director of Julia & Rana Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Julia & Rana Ltd for the year ended 30 April 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Julia & Rana Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Julia & Rana Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Julia & Rana Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Julia & Rana Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Julia & Rana Ltd. You consider that Julia & Rana Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Julia & Rana Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Legend Financial and Tax Advisers Limited 246-250 Romford Road Citygate House London E7 9HZ 14 October 2022
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Julia & Rana Ltd Statement of financial position as at 30 April 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
9,734 
5,356 
Current assets
Debtors
5
55,251 
53,864 
Cash at bank and in hand
20,329 
27,685 
75,580 
81,549 
Creditors: amounts falling due within one year
6
(32,623)
(31,388)
Net current assets
42,957 
50,161 
Total assets less current liabilities
52,691 
55,517 
Creditors: amounts falling due after more than one year
7
(41,798)
(50,000)
Net assets
10,893 
5,517 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
10,793 
5,417 
Shareholders' funds
10,893 
5,517 
For the year ending 30 April 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2022 and were signed on its behalf by
Muhammad Inam-Ul-Haq Rana Director Company Registration No. 10003150
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Julia & Rana Ltd Notes to the Accounts for the year ended 30 April 2022
1
Statutory information
Julia & Rana Ltd is a private company, limited by shares, registered in England and Wales, registration number 10003150. The registered office is 320 Romford Road, London, E7 8BD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 April 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line Method
Fixtures & fittings
20% Reducing Balance Method
Computer equipment
20% Reducing Balance Method
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2021
- 
7,163 
8,257 
15,420 
Additions
6,812 
- 
- 
6,812 
At 30 April 2022
6,812 
7,163 
8,257 
22,232 
Depreciation
At 1 May 2021
- 
4,815 
5,249 
10,064 
Charge for the year
1,362 
470 
602 
2,434 
At 30 April 2022
1,362 
5,285 
5,851 
12,498 
Net book value
At 30 April 2022
5,450 
1,878 
2,406 
9,734 
At 30 April 2021
- 
2,348 
3,008 
5,356 
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Julia & Rana Ltd Notes to the Accounts for the year ended 30 April 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,251 
45,799 
Other debtors
- 
8,065 
55,251 
53,864 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
896 
3,872 
Trade creditors
(7,960)
- 
Taxes and social security
26,424 
12,444 
Other creditors
10,663 
1,591 
Loans from directors
2,600 
1,316 
Accruals
- 
12,165 
32,623 
31,388 
Corporation tax: £2,131 PAYE/NI: £22,935
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
41,798 
50,000 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 3 (2021: 4).
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