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REGISTERED NUMBER: 01567289 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

R.H.F. Fans Limited

R.H.F. Fans Limited (Registered number: 01567289)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.H.F. Fans Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D B Fehily
J O Fehily
R H Fehily
M E Fehily





SECRETARY: D B Fehily





REGISTERED OFFICE: Unit 2 Ferrous Way
Gilchrist Road
Northbank Industrial Estate
Irlam
Greater Manchester
M44 5FS





REGISTERED NUMBER: 01567289 (England and Wales)





ACCOUNTANTS: Guthrie Accountancy Services Ltd
Unit 1
11 Eagle Parade
Buxton
Derbyshire
SK17 6EQ

R.H.F. Fans Limited (Registered number: 01567289)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 768,389 440,445
768,390 440,446

CURRENT ASSETS
Stocks 200,000 215,000
Debtors 6 1,090,941 1,813,147
Investments 7 2,184,000 2,104,229
Cash at bank and in hand 627,399 1,030,865
4,102,340 5,163,241
CREDITORS
Amounts falling due within one year 8 857,849 1,764,343
NET CURRENT ASSETS 3,244,491 3,398,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,012,881

3,839,344

PROVISIONS FOR LIABILITIES 176,598 93,521
NET ASSETS 3,836,283 3,745,823

CAPITAL AND RESERVES
Called up share capital 5,100 5,100
Capital redemption reserve 3,400 3,400
Retained earnings 3,827,783 3,737,323
SHAREHOLDERS' FUNDS 3,836,283 3,745,823

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

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

R.H.F. Fans Limited (Registered number: 01567289)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





D B Fehily - Director


R.H.F. Fans Limited (Registered number: 01567289)

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

1. STATUTORY INFORMATION

R.H.F. Fans 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.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Intangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Design and development -20% on cost
Computer software -33% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Industrial building - 4% on cost
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.


R.H.F. Fans Limited (Registered number: 01567289)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 for the year are charged in the profit and loss account. The company also operates a small self administered scheme. Contributions are charged to the profit and loss account when paid.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2022 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 18,006 12,130 30,136
AMORTISATION
At 1 January 2023
and 31 December 2023 18,005 12,130 30,135
NET BOOK VALUE
At 31 December 2023 1 - 1
At 31 December 2022 1 - 1

R.H.F. Fans Limited (Registered number: 01567289)

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

5. TANGIBLE FIXED ASSETS
Improvements
Industrial to Plant and
building property machinery
£    £    £   
COST
At 1 January 2023 59,014 22,452 1,742,622
Additions - - 482,341
Disposals - - (23,000 )
At 31 December 2023 59,014 22,452 2,201,963
DEPRECIATION
At 1 January 2023 28,276 7,692 1,376,794
Charge for year 2,358 898 169,631
Eliminated on disposal - - (22,988 )
At 31 December 2023 30,634 8,590 1,523,437
NET BOOK VALUE
At 31 December 2023 28,380 13,862 678,526
At 31 December 2022 30,738 14,760 365,828

Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 77,380 149,637 11,899 2,063,004
Additions 3,253 31,132 - 516,726
Disposals - (11,995 ) - (34,995 )
At 31 December 2023 80,633 168,774 11,899 2,544,735
DEPRECIATION
At 1 January 2023 73,019 124,879 11,899 1,622,559
Charge for year 1,522 13,844 - 188,253
Eliminated on disposal - (11,478 ) - (34,466 )
At 31 December 2023 74,541 127,245 11,899 1,776,346
NET BOOK VALUE
At 31 December 2023 6,092 41,529 - 768,389
At 31 December 2022 4,361 24,758 - 440,445

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 920,120 1,522,778
Other debtors 170,821 290,369
1,090,941 1,813,147

R.H.F. Fans Limited (Registered number: 01567289)

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

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Gold 2,184,000 2,104,229

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 587,615 687,816
Taxation and social security 214,103 802,949
Other creditors 56,131 273,578
857,849 1,764,343

9. RELATED PARTY DISCLOSURES

The company is controlled by David Fehily, a director of the company.

The company trades from premises which is owned by a small self administered pension fund. The company pays a commercial rent to the pension fund. During the year David B Fehily was the sole member of the scheme.