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Company Registration No. 07572493 (England and Wales)
RANCE ENTERPRISES LIMITED Unaudited accounts for the year ended 31 March 2023
RANCE ENTERPRISES LIMITED Unaudited accounts Contents
Page
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RANCE ENTERPRISES LIMITED Company Information for the year ended 31 March 2023
Directors
Mr A Rance Mrs R Rance
Company Number
07572493 (England and Wales)
Registered Office
209 Tarring Road Worthing West Sussex BN11 4HN
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RANCE ENTERPRISES LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
110,833 
30,908 
Current assets
Inventories
6,500 
6,500 
Debtors
8,404 
1,731 
Cash at bank and in hand
163,561 
316,143 
178,465 
324,374 
Creditors: amounts falling due within one year
(70,689)
(161,279)
Net current assets
107,776 
163,095 
Total assets less current liabilities
218,609 
194,003 
Creditors: amounts falling due after more than one year
(75,001)
(83,333)
Provisions for liabilities
Other provisions
- 
(5,900)
Net assets
143,608 
104,770 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
143,508 
104,670 
Shareholders' funds
143,608 
104,770 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by
Mr A Rance Director Company Registration No. 07572493
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RANCE ENTERPRISES LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
RANCE ENTERPRISES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07572493. The registered office is 209 Tarring Road, Worthing, West Sussex, BN11 4HN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
100,919 
14,310 
89,489 
204,718 
Additions
- 
- 
92,359 
92,359 
At 31 March 2023
100,919 
14,310 
181,848 
297,077 
Depreciation
At 1 April 2022
100,919 
13,236 
59,655 
173,810 
Charge for the year
- 
214 
12,220 
12,434 
At 31 March 2023
100,919 
13,450 
71,875 
186,244 
Net book value
At 31 March 2023
- 
860 
109,973 
110,833 
At 31 March 2022
- 
1,074 
29,834 
30,908 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
7,363 
- 
Amounts falling due after more than one year
Other debtors
1,041 
1,731 
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RANCE ENTERPRISES LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
25,000 
25,000 
Trade creditors
45,689 
62,327 
Taxes and social security
- 
64,634 
Other creditors
- 
9,318 
70,689 
161,279 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
75,001 
83,333 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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