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REGISTERED NUMBER: 11654480 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

RHM INDUSTRIES LTD

RHM INDUSTRIES LTD (REGISTERED NUMBER: 11654480)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RHM INDUSTRIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: R J Mallard
Mrs M H Mallard





REGISTERED OFFICE: Rowan House
Hortonwood 33
Telford
TF1 7EX





REGISTERED NUMBER: 11654480 (England and Wales)

RHM INDUSTRIES LTD (REGISTERED NUMBER: 11654480)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,254 41,282
Investments 5 - 71,613
21,254 112,895

CURRENT ASSETS
Stocks 58,216 58,600
Debtors 6 96,808 130,399
Cash at bank and in hand 574 5,083
155,598 194,082
CREDITORS
Amounts falling due within one year 7 360,351 396,434
NET CURRENT LIABILITIES (204,753 ) (202,352 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(183,499

)

(89,457

)

CREDITORS
Amounts falling due after more than
one year

8

85,624

182,042
NET LIABILITIES (269,123 ) (271,499 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (269,125 ) (271,501 )
SHAREHOLDERS' FUNDS (269,123 ) (271,499 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RHM INDUSTRIES LTD (REGISTERED NUMBER: 11654480)

BALANCE SHEET - continued
31 OCTOBER 2022


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





R J Mallard - Director


RHM INDUSTRIES LTD (REGISTERED NUMBER: 11654480)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022


1. STATUTORY INFORMATION

RHM Industries 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Government grants
Government grant income relating to Revenue is recognised in the Profit and Loss account when they are receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 14 ) .

RHM INDUSTRIES LTD (REGISTERED NUMBER: 11654480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2021
and 31 October 2022 94,046 458 4,500 99,004
DEPRECIATION
At 1 November 2021 54,946 276 2,500 57,722
Charge for year 18,811 92 1,125 20,028
At 31 October 2022 73,757 368 3,625 77,750
NET BOOK VALUE
At 31 October 2022 20,289 90 875 21,254
At 31 October 2021 39,100 182 2,000 41,282

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2021 71,613
Disposals (71,613 )
At 31 October 2022 -
NET BOOK VALUE
At 31 October 2022 -
At 31 October 2021 71,613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 76,680 91,299
Other debtors 20,128 39,100
96,808 130,399

RHM INDUSTRIES LTD (REGISTERED NUMBER: 11654480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 36,570 35,444
Hire purchase contracts (see note 9)
-

22,550
Trade creditors 56,312 69,982
Taxation and social security 111,321 84,717
Other creditors 156,148 183,741
360,351 396,434

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 85,624 118,820
Hire purchase contracts (see note 9)
-

44,456
Taxation and social security - 18,766
85,624 182,042

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year - 22,550
Between one and five years - 44,456
- 67,006

Non-cancellable operating leases
2022 2021
£    £   
Within one year 67,500 90,000
Between one and five years 151,875 202,500
219,375 292,500

RHM INDUSTRIES LTD (REGISTERED NUMBER: 11654480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loan 79,694 104,264

There is an unsecured Bounceback loan of £42,500 (2021: £50,000).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2022 and 31 October 2021:

2022 2021
£    £   
R J Mallard and Mrs M H Mallard
Balance outstanding at start of year (1,698 ) 5,868
Amounts advanced 101,178 35,069
Amounts repaid (171,270 ) (42,635 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (71,790 ) (1,698 )