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REGISTERED NUMBER: 08649313 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2022 to 31 December 2023

for

RNF Services Limited

RNF Services Limited (Registered number: 08649313)






Contents of the Financial Statements
for the Period 1 September 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RNF Services Limited

Company Information
for the Period 1 September 2022 to 31 December 2023







DIRECTORS: N A French
Mrs J French
I R French





REGISTERED OFFICE: Ty Berwig Heol Y Bwlch
Bynea
Llanelli
SA14 9ST





REGISTERED NUMBER: 08649313 (England and Wales)





ACCOUNTANTS: Huw Davies Associates Ltd
159 Dolau Fan road
Burry Port
Carmarthenshire
SA16 0RP

RNF Services Limited (Registered number: 08649313)

Balance Sheet
31 December 2023

31.12.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 9,333 12,000
Tangible assets 4 351,644 378,146
360,977 390,146

CURRENT ASSETS
Stocks 631,720 648,640
Debtors 5 872,111 694,920
Cash at bank 63,664 305
1,567,495 1,343,865
CREDITORS
Amounts falling due within one year 6 1,670,332 1,403,800
NET CURRENT LIABILITIES (102,837 ) (59,935 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,140

330,211

CREDITORS
Amounts falling due after more than one
year

7

(62,052

)

(248,713

)

PROVISIONS FOR LIABILITIES (25,993 ) (31,028 )
NET ASSETS 170,095 50,470

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 169,995 50,370
SHAREHOLDERS' FUNDS 170,095 50,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

RNF Services Limited (Registered number: 08649313)

Balance Sheet - continued
31 December 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 2 February 2024 and were signed on its behalf by:





I R French - Director


RNF Services Limited (Registered number: 08649313)

Notes to the Financial Statements
for the Period 1 September 2022 to 31 December 2023

1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 period 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 period 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
Rentals paid 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.

RNF Services Limited (Registered number: 08649313)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 December 2023

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 37 (2022 - 38 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 December 2023 20,000
AMORTISATION
At 1 September 2022 8,000
Charge for period 2,667
At 31 December 2023 10,667
NET BOOK VALUE
At 31 December 2023 9,333
At 31 August 2022 12,000

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 214,839 347,751 562,590
Additions - 12,350 12,350
At 31 December 2023 214,839 360,101 574,940
DEPRECIATION
At 1 September 2022 - 184,444 184,444
Charge for period - 38,852 38,852
At 31 December 2023 - 223,296 223,296
NET BOOK VALUE
At 31 December 2023 214,839 136,805 351,644
At 31 August 2022 214,839 163,307 378,146

5. DEBTORS
31.12.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors 740,849 533,263
Other debtors 130,162 160,657
871,011 693,920

RNF Services Limited (Registered number: 08649313)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 December 2023

5. DEBTORS - continued
31.12.23 31.8.22
£    £   
Amounts falling due after more than one year:
Other debtors 1,100 1,000

Aggregate amounts 872,111 694,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.8.22
£    £   
Bank loans and overdrafts 654,533 106,524
Hire purchase contracts 13,429 19,479
Trade creditors 505,903 454,744
Taxation and social security 329,410 566,588
Other creditors 167,057 256,465
1,670,332 1,403,800

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.8.22
£    £   
Bank loans 45,420 211,828
Hire purchase contracts 16,632 36,885
62,052 248,713