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REGISTERED NUMBER: 01325292 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

DE RIJK LIMITED

DE RIJK LIMITED (REGISTERED NUMBER: 01325292)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DE RIJK LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: Mr P A De Rijk
Mrs H M De Rijk





SECRETARY: Mrs H M De Rijk





REGISTERED OFFICE: 60 Leicester Road
Loughborough
Leicestershire
LE11 2AG





REGISTERED NUMBER: 01325292 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2
Charnwood Edge Business Park
Syston Road
Leicester
LE7 4UZ

DE RIJK LIMITED (REGISTERED NUMBER: 01325292)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,297 7,711
Investments 6 100 100
8,397 7,811

CURRENT ASSETS
Stocks 1,737,769 1,307,086
Debtors 7 60,626 50,671
Cash at bank and in hand 176,640 401,726
1,975,035 1,759,483
CREDITORS
Amounts falling due within one year 8 (1,195,984 ) (1,029,786 )
NET CURRENT ASSETS 779,051 729,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

787,448

737,508

PROVISIONS FOR LIABILITIES (2,100 ) -
NET ASSETS 785,348 737,508

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 1,000 1,000
Retained earnings 783,348 735,508
785,348 737,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

DE RIJK LIMITED (REGISTERED NUMBER: 01325292)

BALANCE SHEET - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:





Mr P A De Rijk - Director


DE RIJK LIMITED (REGISTERED NUMBER: 01325292)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023


1. STATUTORY INFORMATION

De Rijk Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is 60 Leicester Road, Loughborough, Leicestershire, LE11 2AG and the registered number is 01325292.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - 100% straight line
Fixtures,fittings & equipment - 25% straight line
Motor vehicles - 25% straight line

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


DE RIJK LIMITED (REGISTERED NUMBER: 01325292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 20 ) .

DE RIJK LIMITED (REGISTERED NUMBER: 01325292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022 71,900
Disposals (71,900 )
At 30 September 2023 -
AMORTISATION
At 1 October 2022 71,900
Eliminated on disposal (71,900 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Fixtures,fittings Motor
property & equipment vehicles Totals
£    £    £    £   
COST
At 1 October 2022 275,165 143,501 46,476 465,142
Additions - 9,332 - 9,332
At 30 September 2023 275,165 152,833 46,476 474,474
DEPRECIATION
At 1 October 2022 275,165 139,582 42,684 457,431
Charge for year - 4,954 3,792 8,746
At 30 September 2023 275,165 144,536 46,476 466,177
NET BOOK VALUE
At 30 September 2023 - 8,297 - 8,297
At 30 September 2022 - 3,919 3,792 7,711

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 100
NET BOOK VALUE
At 30 September 2023 100
At 30 September 2022 100

DE RIJK LIMITED (REGISTERED NUMBER: 01325292)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,134 20,368
Prepayments and accrued income 36,492 30,303
60,626 50,671

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 948,619 893,376
Amounts owed to group undertakings 100 100
Corporation tax 38,450 41,858
Social security and other taxes 12,898 12,915
VAT 44,266 78,732
Other creditors 901 805
Directors' current accounts 148,575 -
Accruals and deferred income 2,175 2,000
1,195,984 1,029,786