Rhino Building and DIY Supplies Ltd - Accounts to registrar (filleted) - small 18.2

Rhino Building and DIY Supplies Ltd - Accounts to registrar (filleted) - small 18.2

RHINO BUILDING AND DIY SUPPLIES LTD - Company Information

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REGISTERED NUMBER: 08220428 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2019

FOR

RHINO BUILDING AND DIY SUPPLIES LTD
RHINO BUILDING AND DIY SUPPLIES LTD (REGISTERED NUMBER: 08220428)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2019




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


RHINO BUILDING AND DIY SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2019







DIRECTOR: Mr T Conway





REGISTERED OFFICE: The Old Woodyard
Reedham Road
Acle
Norwich
Norfolk
NR13 3DF





REGISTERED NUMBER: 08220428 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RHINO BUILDING AND DIY SUPPLIES LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Rhino Building and DIY Supplies Ltd for the year ended 30th September 2019 which comprise
the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Rhino Building and DIY Supplies Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rhino Building and DIY Supplies Ltd and state those matters that we have agreed to state to the director of Rhino Building and DIY Supplies Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rhino Building and DIY Supplies Ltd and its director for our work or for this report.

It is your duty to ensure that Rhino Building and DIY Supplies Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rhino Building and DIY Supplies Ltd. You consider that Rhino Building and DIY Supplies Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rhino Building and DIY Supplies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY


18th November 2019

This page does not form part of the statutory financial statements

Page 2
RHINO BUILDING AND DIY SUPPLIES LTD (REGISTERED NUMBER: 08220428)

ABRIDGED BALANCE SHEET
30TH SEPTEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,359 162,446
Investments 5 1,300 1,300
213,659 163,746

CURRENT ASSETS
Stocks 262,467 227,872
Debtors 196,293 243,850
Cash at bank and in hand 92,680 99,291
551,440 571,013
CREDITORS
Amounts falling due within one year 433,401 447,036
NET CURRENT ASSETS 118,039 123,977
TOTAL ASSETS LESS CURRENT
LIABILITIES
331,698
287,723

CREDITORS
Amounts falling due after more than one
year
(81,103
)
(65,059
)

PROVISIONS FOR LIABILITIES (33,918 ) (22,203 )
NET ASSETS 216,677 200,461

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 216,577 200,361
SHAREHOLDERS' FUNDS 216,677 200,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these financial statements

Page 3 continued...
RHINO BUILDING AND DIY SUPPLIES LTD (REGISTERED NUMBER: 08220428)

ABRIDGED BALANCE SHEET - continued
30TH SEPTEMBER 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18th November 2019 and were signed by:





Mr T Conway - Director


The notes form part of these financial statements

Page 4
RHINO BUILDING AND DIY SUPPLIES LTD (REGISTERED NUMBER: 08220428)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2019

1. STATUTORY INFORMATION

Rhino Building and DIY Supplies Ltd is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2018 - 11 ) .

Page 5 continued...
RHINO BUILDING AND DIY SUPPLIES LTD (REGISTERED NUMBER: 08220428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2019

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2018 226,069
Additions 105,500
Disposals (33,630 )
At 30th September 2019 297,939
DEPRECIATION
At 1st October 2018 63,623
Charge for year 43,160
Eliminated on disposal (21,203 )
At 30th September 2019 85,580
NET BOOK VALUE
At 30th September 2019 212,359
At 30th September 2018 162,446

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st October 2018 170,190
Additions 105,500
Disposals (29,380 )
At 30th September 2019 246,310
DEPRECIATION
At 1st October 2018 54,307
Charge for year 36,087
Eliminated on disposal (18,300 )
At 30th September 2019 72,094
NET BOOK VALUE
At 30th September 2019 174,216
At 30th September 2018 115,883

Page 6 continued...
RHINO BUILDING AND DIY SUPPLIES LTD (REGISTERED NUMBER: 08220428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2019

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st October 2018
and 30th September 2019 1,300
NET BOOK VALUE
At 30th September 2019 1,300
At 30th September 2018 1,300

6. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Hire purchase contracts 128,743 98,441

Hire purchase liabilities are secured on the assets financed.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Conway.

Page 7