Rakusen's Ltd - Period Ending 2020-06-30

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 30 June 2020

	Note	30 June 2020 £	01 July 2019 £
Fixed assets
Tangible assets	4	195,910	138,242
Current assets
Stocks		372,292	391,068
Debtors	5	2,056,757	1,967,633
Cash at bank and in hand		194,297	221,424
		2,623,346	2,580,125
Creditors: Amounts falling due within one year	6	(945,604)	(914,036)
Net current assets		1,677,742	1,666,089
Total assets less current liabilities		1,873,652	1,804,331
Provisions for liabilities		(36,824)	(22,830)
Net assets		1,836,828	1,781,501
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,836,728	1,781,401
Total equity		1,836,828	1,781,501

For the financial period ending 30 June 2020 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 period 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.

Rakusen's Ltd

(Registration number: 02385824)
Balance Sheet as at 30 June 2020

Approved and authorised by the director on 27 September 2021
 

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

Mr A D Simpson

Director

Rakusen's Ltd

Notes to the Financial Statements for the Period from 2 July 2019 to 30 June 2020

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 27 September 2021.

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 period, was 49 (2019 - 49).

Rakusen's Ltd

Notes to the Financial Statements for the Period from 2 July 2019 to 30 June 2020

4	Tangible assets

	Fixtures, fittings and equipment  £	Plant and machinery  £	Total £
Cost or valuation
At 2 July 2019	250,502	2,144,897	2,395,399
Additions	1,717	128,286	130,003
At 30 June 2020	252,219	2,273,183	2,525,402
Depreciation
At 2 July 2019	243,069	2,014,088	2,257,157
Charge for the period	3,024	69,311	72,335
At 30 June 2020	246,093	2,083,399	2,329,492
Carrying amount
At 30 June 2020	6,126	189,784	195,910
At 1 July 2019	7,433	130,809	138,242

5

Debtors

	Note	30 June 2020 £	01 July 2019 £
Trade debtors		360,817	386,711
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7	1,604,810	1,518,257
Prepayments		24,467	30,756
Other debtors		66,663	31,909
		2,056,757	1,967,633

Rakusen's Ltd

Notes to the Financial Statements for the Period from 2 July 2019 to 30 June 2020

6

Creditors

Creditors: amounts falling due within one year

	30 June 2020 £	01 July 2019 £
Due within one year
Trade creditors	468,230	535,807
Taxation and social security	14,904	13,341
Accruals and deferred income	84,845	61,128
Other creditors	377,625	303,760
	945,604	914,036

7	Related party transactions

Summary of transactions with parent

Bonn's & Co Limited
 (Parent company)
 There were no disclosable transactions during the period. At the balance sheet date the amount due to Bonn's & Co Limited was £Nil (2019 - £Nil).

Fortis Foods Limited
(Ultimate parent company)
At the balance sheet date the amount due from Fortis Food Limited was £1,604,810 (2019 - £1,518,257). During the year management charges of £157,200 (2019 - £53,500) was paid.