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Registered number: 10289236

Rhoades Murrell Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Rhoades Murrell Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
I Rhoades
REGISTERED OFFICE
1 Scotland Road
Carlisle
Cumbria
CA3 9HR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10289236
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Rhoades Murrell Limited

ACCOUNTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Rhoades Murrell Limited

BALANCE SHEET AT 31/07/2023
20232022
Notes££
FIXED ASSETS
Tangible assets352,90160,637
CURRENT ASSETS
Stock4,1452,950
Cash at bank and in hand60,759189,619
64,904192,569
CREDITORS: Amounts falling due within one year5120,757226,140
NET CURRENT LIABILITIES(55,853)(33,571)
TOTAL ASSETS LESS CURRENT LIABILITIES(2,952)27,066
CREDITORS: Amounts falling due after more than one year619,16729,167
NET LIABILITIES(22,119)(2,101)
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account(22,121)(2,103)
SHAREHOLDERS' FUNDS(22,119)(2,101)
For the year ending 31/07/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/10/2023 and signed on their behalf by
.............................
I Rhoades
Director

Rhoades Murrell Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.Turnover represents takings for goods and services as they are supplied.
1f. Government Grants
Government grants offering immediate financial support in relation to Covid-19 are recognised in profit and loss in the year in which they are received.

Rhoades Murrell Limited

2. EMPLOYEES
20232022
No.No.
Average number of employees1112
3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/08/2022165,979165,979
Additions1,6001,600
At 31/07/2023167,579167,579
Depreciation
At 01/08/2022105,342105,342
For the year9,3369,336
At 31/07/2023114,678114,678
Net Book Amounts
At 31/07/202352,90152,901
At 31/07/202260,63760,637
4. STOCK 20232022
££
Stock comprises:
Stock4,1452,950
4,1452,950
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax200400
VAT13,89615,603
Other tax and social security creditors5,3065,598
Bank loan10,00010,000
Trade creditors36,25138,612
Other creditors49,885149,885
Accruals5,2196,042
120,757226,140

Rhoades Murrell Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr19,16729,167
19,16729,167
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
8. RELATED PARTY TRANSACTIONS
No remuneration was paid to the director during the year (2022 - £Nil).
9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS
At the balance sheet date the company had total commitments under operating leases of £42,000.
10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 10289236.
The company's registered office is 1 Scotland Road, Carlisle, CA3 9HR.