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Company Registration No. 10050901 (England and Wales)
Rhinestones Online International Limited Unaudited accounts for the year ended 31 August 2023
Rhinestones Online International Limited Unaudited accounts Contents
Page
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Rhinestones Online International Limited Company Information for the year ended 31 August 2023
Director
Deborah Jane Beck
Company Number
10050901 (England and Wales)
Registered Office
118 TOTTINGTON ROAD BURY BL8 1LR UNITED KINGDOM
Accountants
Whittaker Accountants Ltd Lock 50 Oldham Road Rochdale OL16 5RD
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Rhinestones Online International Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
13,000 
22,000 
Current assets
Inventories
40,865 
47,267 
Debtors
(82)
(48)
Cash at bank and in hand
1,486 
849 
42,269 
48,068 
Creditors: amounts falling due within one year
(39,107)
(28,032)
Net current assets
3,162 
20,036 
Total assets less current liabilities
16,162 
42,036 
Creditors: amounts falling due after more than one year
(9,754)
(26,514)
Net assets
6,408 
15,522 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,406 
15,520 
Shareholders' funds
6,408 
15,522 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 April 2024 and were signed on its behalf by
Deborah Jane Beck Director Company Registration No. 10050901
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Rhinestones Online International Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Rhinestones Online International Limited is a private company, limited by shares, registered in England and Wales, registration number 10050901. The registered office is 118 TOTTINGTON ROAD, BURY, BL8 1LR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% SL
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
22,000 
At 31 August 2023
22,000 
Amortisation
At 1 September 2022
- 
Other increase/(decrease)
9,000 
At 31 August 2023
9,000 
Net book value
At 31 August 2023
13,000 
At 31 August 2022
22,000 
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Rhinestones Online International Limited Notes to the Accounts for the year ended 31 August 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2022
600 
At 31 August 2023
600 
Depreciation
At 1 September 2022
600 
At 31 August 2023
600 
Net book value
At 31 August 2023
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
(82)
(48)
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,397 
2,821 
VAT
992 
1,244 
Trade creditors
- 
15 
Taxes and social security
(1,369)
1,369 
Other creditors
18,400 
19,745 
Loans from directors
13,687 
2,838 
39,107 
28,032 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,754 
10,914 
Trade creditors
- 
15,600 
9,754 
26,514 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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