Rawi & Co Associates Ltd Filleted accounts for Companies House (small and micro)

RAWI & CO ASSOCIATES LTD - Company Information

14 false false false false false false false false false true false false false false false false No description of principal activity 2020-01-01 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 09389698 2020-01-01 2020-12-31 09389698 2020-12-31 09389698 2019-01-01 2019-12-31 09389698 2019-12-31 09389698 bus:Director1 2020-01-01 2020-12-31 09389698 core:WithinOneYear 2020-12-31 09389698 core:WithinOneYear 2019-12-31 09389698 core:ShareCapital 2020-12-31 09389698 core:ShareCapital 2019-12-31 09389698 core:RetainedEarningsAccumulatedLosses 2020-12-31 09389698 core:RetainedEarningsAccumulatedLosses 2019-12-31 09389698 core:CostValuation core:Non-currentFinancialInstruments 2019-12-31 09389698 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2020-12-31 09389698 core:CostValuation core:Non-currentFinancialInstruments 2020-12-31 09389698 core:Non-currentFinancialInstruments 2020-12-31 09389698 core:Non-currentFinancialInstruments 2019-12-31 09389698 bus:SmallEntities 2020-01-01 2020-12-31 09389698 bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 09389698 bus:AbridgedAccounts 2020-01-01 2020-12-31 09389698 bus:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 09389698 bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31

COMPANY REGISTRATION NUMBER: 09389698

Rawi & Co Associates Ltd

Filleted Unaudited Abridged Financial Statements

31 December 2020

Rawi & Co Associates Ltd

Abridged Statement of Financial Position

31 December 2020

	2020	2019
Note	£	£	£

Fixed assets

Investments	5	91,030		100,010

Current assets

Stocks	28,273	73,127
Debtors	131,255	153,899
Cash at bank and in hand	223,422	683,596
	---------	---------
	382,950	910,622

Creditors: amounts falling due within one year	468,455	505,816
	---------	---------
Net current (liabilities)/assets	( 85,505)		404,806
	--------		---------
Total assets less current liabilities	5,525		504,816
	-------		---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	5,425	504,716
	-------	---------
Shareholders funds	5,525	504,816
	-------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

Rawi & Co Associates Ltd

Abridged Statement of Financial Position (continued)

31 December 2020

These abridged financial statements were approved by the board of directors and authorised for issue on 11 May 2021 , and are signed on behalf of the board by:

Radwan Al-Rawi

Director

Company registration number: 09389698

Rawi & Co Associates Ltd

Notes to the Abridged Financial Statements

Year ended 31 December 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 128 Ebury Street, London SW1W 9QQ.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of consideration received or receivable.

Work in progress

Work in progress represents time cost accrued related to ongoing accountancy and audit services.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2019: 14 ).

5. Investments

	£
Cost
At 1 January 2020	100,010
Disposals	( 8,980)
	---------
At 31 December 2020	91,030
	---------
Impairment
At 1 January 2020 and 31 December 2020	–
	---------
Carrying amount
At 31 December 2020	91,030
	---------
At 31 December 2019	100,010
	---------