Rhino Building and DIY Supplies Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08220428 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2017

FOR

RHINO BUILDING AND DIY SUPPLIES LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

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

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 2017 which comprise

the Income Statement, 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 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

13th November 2017

FIXED ASSETS

Tangible assets

4

154,192

27,935

CURRENT ASSETS

Stocks

211,372

206,613

Debtors

5

229,527

215,947

Cash at bank and in hand

97,103

86,874

538,002

509,434

CREDITORS

Amounts falling due within one year

6

421,878

391,027

NET CURRENT ASSETS

116,124

118,407

TOTAL ASSETS LESS CURRENT LIABILITIES

270,316

146,342

CREDITORS

Amounts falling due after more than one year

7

(98,440

)

(19,148

)

PROVISIONS FOR LIABILITIES

(18,643

)

-

NET ASSETS

153,233

127,194

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

153,133

127,094

SHAREHOLDERS' FUNDS

153,233

127,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 13th November 2017 and were signed by:

Mr T Conway - Director

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 25% on reducing balance

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 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st October 2016

39,030

Additions

147,560

At 30th September 2017

186,590

DEPRECIATION

At 1st October 2016

11,095

Charge for year

21,303

At 30th September 2017

32,398

NET BOOK VALUE

At 30th September 2017

154,192

At 30th September 2016

27,935

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

Plant and

machinery

etc

£

COST

At 1st October 2016

29,380

Additions

140,810

At 30th September 2017

170,190

DEPRECIATION

At 1st October 2016

6,159

Charge for year

19,283

At 30th September 2017

25,442

NET BOOK VALUE

At 30th September 2017

144,748

At 30th September 2016

23,221

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

211,315

208,862

Other debtors

18,212

7,085

229,527

215,947

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

33,382

4,594

Trade creditors

284,028

321,594

Taxation and social security

22,005

19,113

Other creditors

82,463

45,726

421,878

391,027

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

98,440

19,148

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

131,822

23,742

Hire purchase liabilities are secured on the assets financed.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Conway.