Relate AccountsProduction v2.7.2 v2.7.2 2022-08-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continues to be as bakers and confectioners. 18 December 2023 00521658 2023-07-31 00521658 2022-07-31 00521658 2021-07-31 00521658 2022-08-01 2023-07-31 00521658 2021-08-01 2022-07-31 00521658 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 00521658 uk-curr:PoundSterling 2022-08-01 2023-07-31 00521658 uk-bus:AbridgedAccounts 2022-08-01 2023-07-31 00521658 uk-core:ShareCapital 2023-07-31 00521658 uk-core:ShareCapital 2022-07-31 00521658 uk-core:OtherReservesSubtotal 2023-07-31 00521658 uk-core:OtherReservesSubtotal 2022-07-31 00521658 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 00521658 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 00521658 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-07-31 00521658 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-07-31 00521658 uk-bus:FRS102 2022-08-01 2023-07-31 00521658 uk-core:Buildings 2022-08-01 2023-07-31 00521658 uk-core:PlantMachinery 2022-08-01 2023-07-31 00521658 uk-core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 00521658 uk-core:MotorVehicles 2022-08-01 2023-07-31 00521658 uk-core:CostValuation 2023-07-31 00521658 2022-08-01 2023-07-31 00521658 uk-bus:Director1 2022-08-01 2023-07-31 00521658 uk-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 00521658
 
 
H. Rinkoff Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 July 2023
H. Rinkoff Limited
Company Registration Number: 00521658
ABRIDGED BALANCE SHEET
as at 31 July 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 152,829 90,652
Investments 5 40 40
───────── ─────────
152,869 90,692
───────── ─────────
 
Current Assets
Stocks 25,100 23,250
Debtors 316,173 335,332
Cash and cash equivalents 197,846 225,686
───────── ─────────
539,119 584,268
───────── ─────────
Creditors: amounts falling due within one year (415,609) (324,026)
───────── ─────────
Net Current Assets 123,510 260,242
───────── ─────────
Total Assets less Current Liabilities 276,379 350,934
 
Creditors:
amounts falling due after more than one year (50,300) (83,019)
 
Provisions for liabilities (29,037) (17,224)
───────── ─────────
Net Assets 197,042 250,691
═════════ ═════════
 
Capital and Reserves
Called up share capital 165 165
Other reserves 135 135
Retained earnings 196,742 250,391
───────── ─────────
Equity attributable to owners of the company 197,042 250,691
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 18 December 2023 and signed on its behalf by
           
           
________________________________          
D D Rinkoff          
Director          
           



H. Rinkoff Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 July 2023

   
1. General Information
 
H. Rinkoff Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is 224 Jubilee Street, London, E1 3BS which is also the principal place of business of the company. The principal activity of the company continues to be as bakers and confectioners. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 July 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Short leasehold property - Straight line over the useful life of the lease
  Plant and machinery - 10% Straight line
  Fixtures, fittings and equipment - 20% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 81, (2022 - 77).
 
  2023 2022
  Number Number
 
Production 32 30
Administration incl. directors 11 11
Maintenance 4 2
Warehouse and distribution 19 20
Shop assistants 15 14
  ───────── ─────────
  81 77
  ═════════ ═════════
             
4. Tangible assets
  Short Plant and Fixtures, Motor Total
  leasehold machinery fittings and vehicles  
  property   equipment    
  £ £ £ £ £
Cost
At 1 August 2022 99,364 174,360 6,070 78,943 358,737
Additions - 87,084 5,350 6,965 99,399
Disposals - - - (14,214) (14,214)
  ───────── ───────── ───────── ───────── ─────────
At 31 July 2023 99,364 261,444 11,420 71,694 443,922
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 August 2022 99,363 125,442 6,068 37,212 268,085
Charge for the financial year - 11,210 892 11,507 23,609
On disposals - - - (601) (601)
  ───────── ───────── ───────── ───────── ─────────
At 31 July 2023 99,363 136,652 6,960 48,118 291,093
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 July 2023 1 124,792 4,460 23,576 152,829
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 July 2022 1 48,918 2 41,731 90,652
  ═════════ ═════════ ═════════ ═════════ ═════════
           
4.1. Tangible assets continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2023   2022  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Motor vehicles 23,575 11,149 34,724 11,149
  ═════════ ═════════ ═════════ ═════════
     
5. Investments
  Other
  investments
   
Investments £
Cost
 
At 31 July 2023 40
  ─────────
Net book value
At 31 July 2023 40
  ═════════
At 31 July 2022 40
  ═════════