RANJITA LIMITED Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 1748573

RANJITA LIMITED

Filleted Unaudited Financial Statements

31 March 2018

RANJITA LIMITED

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Fixed assets

Intangible assets	4	1,400	1,750
Tangible assets	5	186,986	196,032
		---------	---------
		188,386	197,782

Current assets

Stocks		577,258	505,230
Debtors	6	36,467	50,821
Cash at bank and in hand		212,308	52,001
		---------	---------
		826,033	608,052

Creditors: amounts falling due within one year	7	204,330		135,876
		---------		---------
Net current assets			621,703	472,176
			---------	---------
Total assets less current liabilities			810,089	669,958

Creditors: amounts falling due after more than one year	8		91,831	103,446

Provisions

Taxation including deferred tax	2,885	294
	---------	---------
Net assets	715,373	566,218
	---------	---------

Capital and reserves

Called up share capital	45,000	45,000
Revaluation reserve	93,173	93,173
Profit and loss account	577,200	428,045
	---------	---------
Shareholders funds	715,373	566,218
	---------	---------

These 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 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 income statement has not been delivered.

For the year ending 31 March 2018 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 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 financial statements .

RANJITA LIMITED

Statement of Financial Position (continued)

31 March 2018

These financial statements were approved by the board of directors and authorised for issue on 7 December 2018 , and are signed on behalf of the board by:

S Kumar

Director

Company registration number: 1748573

RANJITA LIMITED

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Wolsey Mansions, Main Avenue, Northwood, Middlesex, HA6 2HL, UK.

2. Accounting policies

Basis of preparation

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

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Fixtures & fittings	-	15% reducing balance
Computer equipment	-	30% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 55 (2017: 43 ).

4. Intangible assets

	Goodwill
	£
Cost
At 1 April 2017 and 31 March 2018	7,000
	-------
Amortisation
At 1 April 2017	5,250
Charge for the year	350
	-------
At 31 March 2018	5,600
	-------
Carrying amount
At 31 March 2018	1,400
	-------
At 31 March 2017	1,750
	-------

5. Tangible assets

	Land and buildings	Plant and machinery	Equipment	Total
	£	£	£	£
Cost
At 1 April 2017	275,000	131,370	49,674	456,044
Additions	–	–	801	801
	---------	---------	--------	---------
At 31 March 2018	275,000	131,370	50,475	456,845
	---------	---------	--------	---------
Depreciation
At 1 April 2017	98,716	119,251	42,045	260,012
Charge for the year	5,500	1,818	2,529	9,847
	---------	---------	--------	---------
At 31 March 2018	104,216	121,069	44,574	269,859
	---------	---------	--------	---------
Carrying amount
At 31 March 2018	170,784	10,301	5,901	186,986
	---------	---------	--------	---------
At 31 March 2017	176,284	12,119	7,629	196,032
	---------	---------	--------	---------

6. Debtors

	2018	2017
	£	£
Trade debtors	23,880	34,358
Other debtors	12,587	16,463
	--------	--------
	36,467	50,821
	--------	--------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Bank loans and overdrafts	127,973	52,097
Trade creditors	10,769	13,604
Corporation tax	41,035	32,945
Social security and other taxes	–	15,534
Other creditors	24,553	21,696
	---------	---------
	204,330	135,876
	---------	---------

8. Creditors: amounts falling due after more than one year

	2018	2017
	£	£
Bank loans and overdrafts	91,831	103,446
	--------	---------

9. Related party transactions

The company was under the control of Mr S Kumar throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.