Angry Rhino Limited
Unaudited Financial Statements
For the year ended 30 September 2023
Pages for Filing with Registrar
Company Registration No. 12884114 (England and Wales)
Angry Rhino Limited
Company Information
Directors
N Abrahamson
C Abrahamson
Company number
12884114
Registered office
6th Floor
Charlotte Building
17 Gresse Street
London
United Kingdom
W1T 1QL
Business address
34 Southern Cross
Wixams
Bedfordshire
United Kingdom
MK42 6AW
Angry Rhino Limited
Contents
Page
Accountants' report
Balance sheet
4-5
Notes to the financial statements
3 - 6
Angry Rhino Limited
Balance Sheet
As at 30 September 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
33,223
45,117
Current assets
Debtors
4
26,830
18,197
Cash at bank and in hand
183,500
364,255
210,330
382,452
Creditors: amounts falling due within one year
5
(50,438)
(128,429)
Net current assets
159,892
254,023
Total assets less current liabilities
193,115
299,140
Creditors: amounts falling due after more than one year
6
(32,562)
(30,189)
Net assets
160,553
268,951
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
160,453
268,851
Total equity
160,553
268,951

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Angry Rhino Limited
Balance Sheet (Continued)
As at 30 September 2023
Page 2
The financial statements were approved by the board of directors and authorised for issue on 7 October 2024 and are signed on its behalf by:
N  Abrahamson
Director
Company Registration No. 12884114
Angry Rhino Limited
Notes to the Financial Statements
For the year ended 30 September 2023
Page 3
1
Accounting policies
Company information

Angry Rhino Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% straight line
Computer equipment
33% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The company changed its depreciation policy on Motor Vehicles from 33% to 25% for the year ended 30 September 2023.

Angry Rhino Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2023
1
Accounting policies
(Continued)
Page 4
1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other basic instruments measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Angry Rhino Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2023
Page 5
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant, machinery and motor vehicles etc
£
Cost
At 1 October 2022
59,957
Additions
2,598
At 30 September 2023
62,555
Depreciation and impairment
At 1 October 2022
14,840
Depreciation charged in the year
14,492
At 30 September 2023
29,332
Carrying amount
At 30 September 2023
33,223
At 30 September 2022
45,117
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
20,731
18,197
Other debtors
6,099
-
26,830
18,197
Angry Rhino Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2023
Page 6
5
Creditors: amounts falling due within one year
2023
2022
£
£
HP creditor due within one year
6,280
6,280
Trade creditors
7,320
-
0
Corporation tax
26,491
117,400
Other taxation and social security
795
124
Other creditors
552
1,025
Accruals and deferred income
9,000
3,600
50,438
128,429
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
HP creditor due after one year
32,562
30,189
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
100 Ordinary Shares of £1 each
100
100
100
100
8
Controlling party

The company is under the control of Neil Abrahamson and Charlotte Abrahamson, the directors, by virtue of their equal shareholdings.

 

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