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REGISTERED NUMBER: 08653341 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Rangeplus Ltd

Rangeplus Ltd (Registered number: 08653341)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Rangeplus Ltd (Registered number: 08653341)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £ £
Fixed assets
Tangible assets 4 270,871 300,968

Current assets
Stocks 5 303,210 649,671
Debtors 6 119,452 225,053
Cash at bank - 368
422,662 875,092
Creditors
Amounts falling due within one year 7 (372,116 ) (369,601 )
Net current assets 50,546 505,491
Total assets less current liabilities 321,417 806,459

Creditors
Amounts falling due after more than
one year

8

(163,519

)

(368,238

)
Net assets 157,898 438,221

Capital and reserves
Called up share capital 4,600 4,600
Retained earnings 10 153,298 433,621
Shareholders' funds 157,898 438,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Rangeplus Ltd (Registered number: 08653341)

Balance Sheet - continued
31 August 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 director and authorised for issue on 1 May 2024 and were signed by:





Abdul Khan - Director


Rangeplus Ltd (Registered number: 08653341)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. Statutory information

Rangeplus Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08653341

Registered office: Unit 8 Thornton Road Industrial Estate
Croydon
CR0 3EU

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 - 15% on cost
Fixtures and fittings - 25% on straight line and 15% on cost

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.


Rangeplus Ltd (Registered number: 08653341)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

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.

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 11 (2022 - 15 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 September 2022
and 31 August 2023 311,483 59,454 370,937
Depreciation
At 1 September 2022 41,952 28,017 69,969
Charge for year 26,953 3,144 30,097
At 31 August 2023 68,905 31,161 100,066
Net book value
At 31 August 2023 242,578 28,293 270,871
At 31 August 2022 269,531 31,437 300,968

5. Stocks
31.8.23 31.8.22
£ £
Finished goods 303,210 649,671

Rangeplus Ltd (Registered number: 08653341)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. Debtors: amounts falling due within one year
31.8.23 31.8.22
£ £
Trade debtors 66,149 104,864
Other debtors 28,320 28,320
VAT 24,983 38,722
Prepayments - 53,147
119,452 225,053

7. Creditors: amounts falling due within one year
31.8.23 31.8.22
£ £
Bank loans and overdrafts (see note 9)
18,807

17,295
Trade creditors 347,287 346,284
Accrued expenses 6,022 6,022
372,116 369,601

8. Creditors: amounts falling due after more than one year
31.8.23 31.8.22
£ £
Bank loans (see note 9) 17,052 106,771
Hire purchase contracts 146,467 261,467
163,519 368,238

9. Loans

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 18,807 17,295

Amounts falling due between one and two years:
Bank loans - 1-2 years 17,052 106,771

Rangeplus Ltd (Registered number: 08653341)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

10. Reserves
Retained
earnings
£

At 1 September 2022 433,621
Deficit for the year (213,640 )
Dividends (66,683 )
At 31 August 2023 153,298