Rakusen's Ltd - Period Ending 2022-06-30

Rakusen's Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Rakusen's Ltd

(Registration number: 02385824)
Balance Sheet as at 30 June 2022

	Note	30 June 2022 £	30 June 2021 £
Fixed assets
Tangible assets	4	551,434	251,374
Current assets
Stocks		321,708	330,445
Debtors	5	2,452,014	2,268,843
Cash at bank and in hand		51,483	148,387
		2,825,205	2,747,675
Creditors: Amounts falling due within one year	6	(1,086,294)	(955,152)
Net current assets		1,738,911	1,792,523
Total assets less current liabilities		2,290,345	2,043,897
Creditors: Amounts falling due after more than one year	6	(238,176)	(130,332)
Provisions for liabilities		(104,445)	(47,434)
Net assets		1,947,724	1,866,131
Capital and reserves
Called up share capital		100	100
Retained earnings		1,947,624	1,866,031
Shareholders' funds		1,947,724	1,866,131

For the financial year ending 30 June 2022 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 March 2023
 

Rakusen's Ltd

(Registration number: 02385824)
Balance Sheet as at 30 June 2022

......................................... Mr A D Simpson Director

Rakusen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022

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 17 March 2023.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 52 (2021 - 51).

Rakusen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022

4	Tangible assets

	Fixtures,fittings and equipment £	Plant and machinery  £	Total £
Cost or valuation
At 1 July 2021	254,075	2,370,852	2,624,927
Additions	589	378,945	379,534
At 30 June 2022	254,664	2,749,797	3,004,461
Depreciation
At 1 July 2021	251,240	2,122,313	2,373,553
Charge for the year	1,186	78,288	79,474
At 30 June 2022	252,426	2,200,601	2,453,027
Carrying amount
At 30 June 2022	2,238	549,196	551,434
At 30 June 2021	2,835	248,539	251,374

5

Debtors

Current	Note	30 June 2022 £	30 June 2021 £
Trade debtors		409,739	342,756
Amounts owed by related parties	8	1,896,930	1,862,003
Prepayments		44,322	24,666
Other debtors		101,023	39,418
		2,452,014	2,268,843

Rakusen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022

6

Creditors

Creditors: amounts falling due within one year

	Note	30 June 2022 £	30 June 2021 £
Due within one year
Bank loans and overdrafts	7	82,354	44,331
trade creditors		572,535	488,646
Taxation and social security		60,967	16,044
Accruals and deferred income		70,124	106,006
Other creditors		300,314	300,125
		1,086,294	955,152

	30 June 2022 £	30 June 2021 £
Current loans and borrowings
HP and finance lease liabilities	82,354	44,331

7	Loans and borrowings

	30 June 2022 £	30 June 2021 £
Non-current loans and borrowings
Bank borrowings	95,269	100,000
Hire purchase contracts	142,907	30,332
	238,176	130,332

Rakusen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022

8	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 (2021 - £Nil).

Fortis Foods Limited
(Ultimate parent company)
At the balance sheet date the amount due from Fortis Food Limited was £1,896,930 (2021 - £1,862,003). During the year management charges of £179,012 (2021 - £98,765) was paid.