Rakusen's Ltd - Period Ending 2023-06-30

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 2023

	Note	30 June 2023 £	30 June 2022 £
Fixed assets
Tangible assets	4	641,216	551,434
Current assets
Stocks		489,590	321,708
Debtors	5	2,637,727	2,452,014
Cash at bank and in hand		3,286	51,483
		3,130,603	2,825,205
Creditors: Amounts falling due within one year	6	(1,311,494)	(1,086,294)
Net current assets		1,819,109	1,738,911
Total assets less current liabilities		2,460,325	2,290,345
Creditors: Amounts falling due after more than one year	6	(347,345)	(238,176)
Provisions for liabilities		(121,611)	(104,445)
Net assets		1,991,369	1,947,724
Capital and reserves
Called up share capital		100	100
Retained earnings		1,991,269	1,947,624
Shareholders' funds		1,991,369	1,947,724

For the financial year ending 30 June 2023 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 27 March 2024
 

Rakusen's Ltd

(Registration number: 02385824)
Balance Sheet as at 30 June 2023

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

Rakusen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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 March 2024.

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 51 (2022 - 52).

Rakusen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4	Tangible assets

	Fixtures,fittings and equipment £	Plant and machinery  £	Total £
Cost or valuation
At 1 July 2022	254,664	2,749,797	3,004,461
Additions	16,581	179,524	196,105
At 30 June 2023	271,245	2,929,321	3,200,566
Depreciation
At 1 July 2022	252,426	2,200,601	2,453,027
Charge for the year	4,783	101,540	106,323
At 30 June 2023	257,209	2,302,141	2,559,350
Carrying amount
At 30 June 2023	14,036	627,180	641,216
At 30 June 2022	2,238	549,196	551,434

5

Debtors

Current	Note	30 June 2023 £	30 June 2022 £
Trade debtors		419,811	409,739
Amounts owed by related parties	8	2,092,337	1,896,930
Prepayments		40,279	44,322
Other debtors		85,300	101,023
		2,637,727	2,452,014

Rakusen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

	Note	30 June 2023 £	30 June 2022 £
Due within one year
Bank loans and overdrafts	7	116,088	82,354
Trade creditors		588,807	572,535
Taxation and social security		135,226	60,967
Accruals and deferred income		171,926	70,124
Other creditors		299,447	300,314
		1,311,494	1,086,294

	30 June 2023 £	30 June 2022 £
Current loans and borrowings
Bank overdrafts	10,704	-
HP and finance lease liabilities	105,384	82,354
	116,088	82,354

7	Loans and borrowings

	30 June 2023 £	30 June 2022 £
Non-current loans and borrowings
Bank borrowings	79,956	95,269
Hire purchase contracts	267,389	142,907
	347,345	238,176

Rakusen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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 (2022 - £Nil).

Fortis Foods Limited
(Ultimate parent company)
At the balance sheet date the amount due from Fortis Food Limited was £2,092,337 (2022 - £1,896,930). During the year management charges of £106,667 (2022 - £179,012) was paid.