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REGISTERED NUMBER: 01058663 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st May 2023

for

R.I.S. Products Limited

R.I.S. Products Limited (Registered number: 01058663)






Contents of the Financial Statements
For The Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R.I.S. Products Limited

Company Information
For The Year Ended 31st May 2023







DIRECTORS: C S Unwin
S R Unwin





SECRETARY:





REGISTERED OFFICE: Mansells Farm
Mansells Lane
Codicote
Hertfordshire
SG4 8TJ





REGISTERED NUMBER: 01058663 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

R.I.S. Products Limited (Registered number: 01058663)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,256 5,137

CURRENT ASSETS
Stocks 331,336 258,970
Debtors 5 331,314 283,457
Cash at bank and in hand 231,257 186,071
893,907 728,498
CREDITORS
Amounts falling due within one year 6 314,821 227,719
NET CURRENT ASSETS 579,086 500,779
TOTAL ASSETS LESS CURRENT LIABILITIES 602,342 505,916

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 602,242 505,816
602,342 505,916

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 7th February 2024 and were signed on its behalf by:





S R Unwin - Director


R.I.S. Products Limited (Registered number: 01058663)

Notes to the Financial Statements
For The Year Ended 31st May 2023

1. STATUTORY INFORMATION

R.I.S. Products Limited 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.
Plant and machinery - 25% 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

R.I.S. Products Limited (Registered number: 01058663)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 30,126
Additions 20,987
At 31st May 2023 51,113
DEPRECIATION
At 1st June 2022 24,989
Charge for year 2,868
At 31st May 2023 27,857
NET BOOK VALUE
At 31st May 2023 23,256
At 31st May 2022 5,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 288,585 238,368
Other debtors 42,729 45,089
331,314 283,457

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 136,137 5,605
Taxation and social security 61,057 112,726
Other creditors 117,627 109,388
314,821 227,719