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REGISTERED NUMBER: 11525056 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Ronfell Products Limited

Ronfell Products Limited (Registered number: 11525056)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ronfell Products Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: Mr J Ronfell





SECRETARY: Mr J Ronfell





REGISTERED OFFICE: Room 4
Astley Lodge
2 Queens Road
Chorley
Lancashire
PR7 1JU





REGISTERED NUMBER: 11525056 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Ronfell Products Limited (Registered number: 11525056)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,148 1,396

CURRENT ASSETS
Stocks 39,150 30,125
Debtors 5 38,102 28,778
Cash at bank and in hand 5,309 11,463
82,561 70,366
CREDITORS
Amounts falling due within one year 6 29,660 23,135
NET CURRENT ASSETS 52,901 47,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,049

48,627

CREDITORS
Amounts falling due after more than one
year

7

(90,002

)

(44,734

)

PROVISIONS FOR LIABILITIES (660 ) -
NET ASSETS 387 3,893

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 386 3,892
SHAREHOLDERS' FUNDS 387 3,893

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

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

Ronfell Products Limited (Registered number: 11525056)

Balance Sheet - continued
31st 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 director and authorised for issue on 26th September 2024 and were signed by:





Mr J Ronfell - Director


Ronfell Products Limited (Registered number: 11525056)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Ronfell Products 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Ronfell Products Limited (Registered number: 11525056)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 2,621
Additions 42,289
At 31st December 2023 44,910
DEPRECIATION
At 1st January 2023 1,225
Charge for year 5,537
At 31st December 2023 6,762
NET BOOK VALUE
At 31st December 2023 38,148
At 31st December 2022 1,396

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 42,289
At 31st December 2023 42,289
DEPRECIATION
Charge for year 5,286
At 31st December 2023 5,286
NET BOOK VALUE
At 31st December 2023 37,003

Ronfell Products Limited (Registered number: 11525056)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,340 -
Other debtors 28,762 28,778
38,102 28,778

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,409 12,087
Hire purchase contracts 4,729 -
Taxation and social security 8,791 8,367
Other creditors 7,731 2,681
29,660 23,135

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 37,898 36,854
Hire purchase contracts 29,704 -
Other creditors 22,400 7,880
90,002 44,734

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,919 13,854

No security has been provided in respect of the bank loan and overdraft.

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 34,433 -

Ronfell Products Limited (Registered number: 11525056)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
Mr J Ronfell
Balance outstanding at start of year 28,762 26,501
Amounts advanced - 28,762
Amounts repaid (16 ) (26,501 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,746 28,762

10. RELATED PARTY DISCLOSURES

The director is also a director of Ronfell Holdings Limited. On 6 July 2022, the company was repaid in full a loan of £13,726.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Ronfell.