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REGISTERED NUMBER: 09312896 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

RNG Ceramics Ltd

RNG Ceramics Ltd (Registered number: 09312896)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RNG Ceramics Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: N J Greaves
R J Greaves





SECRETARY: N J Greaves





REGISTERED OFFICE: Unit 12 Aire Place Mills
Kirkstall Road
Leeds
West Yorkshire
LS3 1JL





REGISTERED NUMBER: 09312896 (England and Wales)





ACCOUNTANTS: Andrew S Parker
16 Foundry Close
Halton
Lancaster
Lancashire
LA2 6FE

RNG Ceramics Ltd (Registered number: 09312896)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,637 6,101

CURRENT ASSETS
Stocks 79,115 86,069
Debtors 5 73,087 42,043
Cash at bank 77,140 68,386
229,342 196,498
CREDITORS
Amounts falling due within one year 6 145,966 114,877
NET CURRENT ASSETS 83,376 81,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,013

87,722

CREDITORS
Amounts falling due after more than one
year

7

(138,373

)

(41,204

)

PROVISIONS FOR LIABILITIES (22,731 ) (1,159 )
NET ASSETS 41,909 45,359

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,809 45,259
SHAREHOLDERS' FUNDS 41,909 45,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

RNG Ceramics Ltd (Registered number: 09312896)

Balance Sheet - continued
28 February 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 13 November 2023 and were signed on its behalf by:





N J Greaves - Director


RNG Ceramics Ltd (Registered number: 09312896)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

RNG Ceramics 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on cost

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

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

RNG Ceramics Ltd (Registered number: 09312896)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 20,011
Additions 144,918
Disposals (2,675 )
At 28 February 2023 162,254
DEPRECIATION
At 1 March 2022 13,910
Charge for year 30,906
Eliminated on disposal (2,199 )
At 28 February 2023 42,617
NET BOOK VALUE
At 28 February 2023 119,637
At 28 February 2022 6,101

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 130,770
At 28 February 2023 130,770
DEPRECIATION
Charge for year 26,580
At 28 February 2023 26,580
NET BOOK VALUE
At 28 February 2023 104,190

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 48,916 25,337
Other debtors 24,171 16,706
73,087 42,043

RNG Ceramics Ltd (Registered number: 09312896)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 5,555 5,555
Hire purchase contracts 20,082 -
Trade creditors 60,017 33,862
Taxation and social security 23,448 37,588
Other creditors 36,864 37,872
145,966 114,877

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 35,647 41,204
Hire purchase contracts 102,726 -
138,373 41,204

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,424 18,981

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
N J Greaves
Balance outstanding at start of year 12,959 -
Amounts advanced - 13,959
Amounts repaid (2,400 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,559 12,959

The loan to the director is interest free. and repayable at £200 per month.

9. ULTIMATE CONTROLLING PARTY

The company is not under the control of any individual party.