Rhino Fitted Bedrooms & Home Offices Li - Accounts to registrar (filleted) - small 17.3
Rhino Fitted Bedrooms & Home Offices Li - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| FOR |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED (REGISTERED NUMBER: 06226826) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 12 High Street |
| Stanford le Hope |
| Essex |
| SS17 0EY |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED (REGISTERED NUMBER: 06226826) |
| BALANCE SHEET |
| 30 JUNE 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| Investments | 7 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 8 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 10 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 13 | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED (REGISTERED NUMBER: 06226826) |
| BALANCE SHEET - continued |
| 30 JUNE 2017 |
| 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 |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED (REGISTERED NUMBER: 06226826) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| Rhino Fitted Bedrooms & Home Offices Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company Information |
| page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises the fair value of the consideration received or receivable for the provision of goods and services |
| in the ordinary course of the company's activities. |
| The company recognises revenue when: |
| The amount of revenue can be reliably measured, |
| it is probable that future economic benefits will flow to the entity; |
| and specific criteria have been met for each of the company's activities. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised over its |
| estimated useful life of twenty years. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
| accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Capital expenditure on premises | - |
| Plant and equipment | - |
| Fixtures, fittings and office equipment | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED (REGISTERED NUMBER: 06226826) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 3. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation represents the sum of tax currently payable and deferred tax. |
| The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by |
| the end of the reporting period. |
| Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the |
| financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount |
| of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer |
| probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the |
| liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively |
| enacted by the end of the reporting period. |
| Leasing commitments |
| Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are |
| depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated |
| over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are |
| assumed by the company. Obligations under such agreements are included in creditors net of the finance charge |
| allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as |
| to produce a constant periodic rate of charge on the net obligation outstanding in each period. |
| Pension costs and other post-retirement benefits |
| The company operates two defined contribution pension scheme, for the director and employees. The assets of the |
| scheme are held separately from those of the company in independently administered funds. At the balance sheet |
| date there were £240 unpaid contributions (2016 £245) Contributions payable to the company's pension scheme are |
| charged to profit or loss in the period to which they relate. |
| Operating leases |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the |
| lessor are charged to the profit and loss account as incurred. |
| Dividends |
| The company has a deficit of shareholder funds of £53,683 (2016: £83,110) by virtue of paying an unlawful |
| dividend, the consequences of which could require that part of the dividend be repaid. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 July 2016 |
| and 30 June 2017 |
| AMORTISATION |
| At 1 July 2016 |
| Charge for year |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED (REGISTERED NUMBER: 06226826) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures, |
| Capital | fittings |
| expenditure | and |
| on | Plant and | office | Motor |
| premises | equipment | equipment | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 July 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2016 |
| Additions |
| At 30 June 2017 |
| DEPRECIATION |
| Charge for year |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED (REGISTERED NUMBER: 06226826) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 7. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 July 2016 |
| and 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank overdraft |
| Hire purchase contracts (see note 11) |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Deferred income |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts (see note 11) |
| 11. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2017 | 2016 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED (REGISTERED NUMBER: 06226826) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 11. | LEASING AGREEMENTS - continued |
| Non-cancellable operating |
| leases |
| 2017 | 2016 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 12. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts | 21,383 | 10,150 |
| 13. | PROVISIONS FOR LIABILITIES |
| 2017 | 2016 |
| £ | £ |
| Deferred tax | 15,479 | 11,934 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2016 |
| Provided during year |
| Balance at 30 June 2017 |
| The provision for deferred taxation is made up of accelerated capital allowances. |
| 14. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 June 2017 and 30 June 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The loan outstanding at 30 June 2017 is included within other debtors, has been provided interest free and is |
| repayable on demand. |
| RHINO FITTED BEDROOMS & |
| HOME OFFICES LIMITED (REGISTERED NUMBER: 06226826) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 15. | RELATED PARTY DISCLOSURES |
| The director Mr P B Johnson has provided a personal guarantee in respect of the company's bank facilities of £60,000 |