RHINO_INTERIORS_GROUP_LIM - Accounts

RHINO INTERIORS GROUP LIMITED - Company Information

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Company Registration No. 01231192 (England and Wales)

RHINO INTERIORS GROUP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013

RHINO INTERIORS GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

RHINO INTERIORS GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Intangible assets

82,555

118,399

Tangible assets

1,987,364

574,239

Investments

100

2,070,019

692,738

Current assets

Stocks

223,751

323,681

Debtors

2,257,514

2,869,314

Cash at bank and in hand

434,962

323,141

2,916,227

3,516,136

Creditors: amounts falling due within one year

(576,171)

(721,664)

Net current assets

2,340,056

2,794,472

Total assets less current liabilities

4,410,075

3,487,210

Creditors: amounts falling due after more than one year

(250,000)

Provisions for liabilities

(14,171)

(16,374)

4,145,904

3,470,836

Capital and reserves

Called up share capital

500

Revaluation reserve

872,024

Profit and loss account

3,273,380

3,470,336

Shareholders' funds

4,145,904

3,470,836

RHINO INTERIORS GROUP LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2013

- 2 -

For the financial year ended 31 October 2013 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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 July 2014

Mr D L Wheatcroft

Director

Company Registration No. 01231192

RHINO INTERIORS GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings freehold

2% straight line basis

Plant and machinery

25% reducing balance basis

Fixtures, fittings & equipment

15% reducing balance basis

Motor vehicles

25% reducing balance basis

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

RHINO INTERIORS GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2013

- 4 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost or valuation

At 1 November 2012

399,733

1,018,360

100

1,418,193

Additions

632,667

Revaluation

728,360

Disposals

(77,383)

At 31 October 2013

399,733

2,302,004

100

2,701,837

Depreciation

At 1 November 2012

281,334

444,121

725,455

Revaluation

(143,664)

On disposals

(53,897)

Charge for the year

35,844

68,080

103,924

At 31 October 2013

317,178

314,640

631,818

Net book value

At 31 October 2013

82,555

1,987,364

100

2,070,019

At 31 October 2012

118,399

574,239

100

692,738

Debtors

Debtors include an amount of £1,042,094 (2012 - £1,142,094) which is due after more than one year.

Share capital

2013

2012

Allotted, called up and fully paid

500 Ordinary shares of £1 each

500