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REGISTERED NUMBER: 01904663 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

RION DESIGNS LIMITED

RION DESIGNS LIMITED (REGISTERED NUMBER: 01904663)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RION DESIGNS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: P G Cutcliffe
G M D Knight





SECRETARY: J C Brigginshaw





REGISTERED OFFICE: Unit 22
Business Centre West
Avenue One
Letchworth
Hertfordshire
SG6 2HB





REGISTERED NUMBER: 01904663 (England and Wales)





ACCOUNTANTS: O'Connell & Co
The Barn
12a High Street
Wheathampstead
Hertfordshire
AL4 8AA

RION DESIGNS LIMITED (REGISTERED NUMBER: 01904663)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 51,055 73,423

CURRENT ASSETS
Stocks 64,227 69,958
Debtors 6 208,109 168,293
Cash at bank and in hand 55,293 99,775
327,629 338,026
CREDITORS
Amounts falling due within one year 7 133,292 112,996
NET CURRENT ASSETS 194,337 225,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,392

298,453

CREDITORS
Amounts falling due after more than one
year

8

(59,059

)

(86,116

)

PROVISIONS FOR LIABILITIES (8,969 ) (13,172 )
NET ASSETS 177,364 199,165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 177,264 199,065
SHAREHOLDERS' FUNDS 177,364 199,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

RION DESIGNS LIMITED (REGISTERED NUMBER: 01904663)

BALANCE SHEET - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2023 and were signed on its behalf by:





P G Cutcliffe - Director


RION DESIGNS LIMITED (REGISTERED NUMBER: 01904663)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Rion Designs Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 etc - 33% on cost,
- 25% on reducing balance,
- 20% on cost and
- 20% on reducing balance

Stocks
Generally, in the distant past, no stocks have been held by the company, however in recent years this has changed and for both the current and prior years has been included at cost. Work in progress is valued at cost price adjusted to the percentage completed at the year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


RION DESIGNS LIMITED (REGISTERED NUMBER: 01904663)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 16 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 221,157
Disposals (17,398 )
At 31 March 2023 203,759
DEPRECIATION
At 1 April 2022 147,734
Charge for year 21,775
Eliminated on disposal (16,805 )
At 31 March 2023 152,704
NET BOOK VALUE
At 31 March 2023 51,055
At 31 March 2022 73,423

RION DESIGNS LIMITED (REGISTERED NUMBER: 01904663)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 198,010 162,031
Other debtors 10,099 6,262
208,109 168,293

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 65,538 48,150
Taxation and social security 62,012 59,104
Other creditors 5,742 5,742
133,292 112,996

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 38,005 48,864
Hire purchase contracts 21,054 37,252
59,059 86,116

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the shareholder director, P Cutcliffe.