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REGISTERED NUMBER: 05108291 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

RHINO PERIMETER SECURITY LTD

RHINO PERIMETER SECURITY LTD (REGISTERED NUMBER: 05108291)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RHINO PERIMETER SECURITY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr G A M Hamerton
Mrs C M Hamerton
Mr J A M G Hamerton





SECRETARY: Mrs C M Hamerton





REGISTERED OFFICE: Unit 5 Page Road
Sweet Briar Industrial Estate
Norwich
Norfolk
NR3 2BX





REGISTERED NUMBER: 05108291 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

RHINO PERIMETER SECURITY LTD (REGISTERED NUMBER: 05108291)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 10,000
Tangible assets 5 195,360 176,631
195,360 186,631

CURRENT ASSETS
Stocks 155,481 104,945
Debtors 6 106,562 109,121
Cash at bank and in hand 272,301 385,160
534,344 599,226
CREDITORS
Amounts falling due within one year 7 138,744 219,887
NET CURRENT ASSETS 395,600 379,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,960

565,970

PROVISIONS FOR LIABILITIES 21,969 17,287
NET ASSETS 568,991 548,683

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 568,891 548,583
568,991 548,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

RHINO PERIMETER SECURITY LTD (REGISTERED NUMBER: 05108291)

BALANCE SHEET - continued
30TH APRIL 2024


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 6th August 2024 and were signed on its behalf by:





Mr J A M G Hamerton - Director


RHINO PERIMETER SECURITY LTD (REGISTERED NUMBER: 05108291)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Rhino Perimeter Security Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has accepted delivery of the goods.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

RHINO PERIMETER SECURITY LTD (REGISTERED NUMBER: 05108291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Property improvements - 25% reducing balance
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Office equipment - 25% reducing balance

Depreciation is not charged on leasehold property as the directors are of the opinion that the property is maintained to a standard whereby the useful economic life exceeds the cost.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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
Short term creditors are measured at the transaction price.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


RHINO PERIMETER SECURITY LTD (REGISTERED NUMBER: 05108291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 200,000
AMORTISATION
At 1st May 2023 190,000
Charge for year 10,000
At 30th April 2024 200,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 10,000

RHINO PERIMETER SECURITY LTD (REGISTERED NUMBER: 05108291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1st May 2023 107,482 4,656 17,948
Additions - - -
Disposals - - -
At 30th April 2024 107,482 4,656 17,948
DEPRECIATION
At 1st May 2023 - 4,624 17,614
Charge for year - 8 84
Eliminated on disposal - - -
At 30th April 2024 - 4,632 17,698
NET BOOK VALUE
At 30th April 2024 107,482 24 250
At 30th April 2023 107,482 32 334

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1st May 2023 97,752 10,437 238,275
Additions 54,015 - 54,015
Disposals (20,995 ) - (20,995 )
At 30th April 2024 130,772 10,437 271,295
DEPRECIATION
At 1st May 2023 29,297 10,109 61,644
Charge for year 16,613 82 16,787
Eliminated on disposal (2,496 ) - (2,496 )
At 30th April 2024 43,414 10,191 75,935
NET BOOK VALUE
At 30th April 2024 87,358 246 195,360
At 30th April 2023 68,455 328 176,631

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 97,718 98,420
Other debtors 8,844 10,701
106,562 109,121

RHINO PERIMETER SECURITY LTD (REGISTERED NUMBER: 05108291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 82,430 161,211
Taxation and social security 53,014 53,841
Other creditors 3,300 4,835
138,744 219,887

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mr G A M Hamerton
Balance outstanding at start of year 4,319 3,815
Amounts advanced 2,649 4,319
Amounts repaid (4,319 ) (3,815 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,649 4,319

Mrs C M Hamerton
Balance outstanding at start of year 4,318 3,815
Amounts advanced 2,649 4,318
Amounts repaid (4,318 ) (3,815 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,649 4,318