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
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
RANCE ENTERPRISES LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
110,833
30,908
Cash at bank and in hand
163,561
316,143
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
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
RANCE ENTERPRISES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2023
-
860
109,973
110,833
At 31 March 2022
-
1,074
29,834
30,908
Amounts falling due within one year
Amounts falling due after more than one year
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).