IRIS Accounts Production v24.2.0.383 07501219 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075012192023-01-31075012192024-01-31075012192023-02-012024-01-31075012192022-01-31075012192022-02-012023-01-31075012192023-01-3107501219ns15:EnglandWales2023-02-012024-01-3107501219ns14:PoundSterling2023-02-012024-01-3107501219ns10:Director12023-02-012024-01-3107501219ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107501219ns10:SmallEntities2023-02-012024-01-3107501219ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3107501219ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107501219ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107501219ns10:FullAccounts2023-02-012024-01-3107501219ns10:OrdinaryShareClass12023-02-012024-01-3107501219ns10:RegisteredOffice2023-02-012024-01-3107501219ns5:CurrentFinancialInstruments2024-01-3107501219ns5:CurrentFinancialInstruments2023-01-3107501219ns5:Non-currentFinancialInstruments2024-01-3107501219ns5:Non-currentFinancialInstruments2023-01-3107501219ns5:ShareCapital2024-01-3107501219ns5:ShareCapital2023-01-3107501219ns5:RetainedEarningsAccumulatedLosses2024-01-3107501219ns5:RetainedEarningsAccumulatedLosses2023-01-3107501219ns5:PlantMachinery2023-02-012024-01-3107501219ns5:MotorVehicles2023-02-012024-01-3107501219ns5:LandBuildings2023-01-3107501219ns5:PlantMachinery2023-01-3107501219ns5:FurnitureFittings2023-01-3107501219ns5:MotorVehicles2023-01-3107501219ns5:LandBuildings2023-02-012024-01-3107501219ns5:FurnitureFittings2023-02-012024-01-3107501219ns5:LandBuildings2024-01-3107501219ns5:PlantMachinery2024-01-3107501219ns5:FurnitureFittings2024-01-3107501219ns5:MotorVehicles2024-01-3107501219ns5:LandBuildings2023-01-3107501219ns5:PlantMachinery2023-01-3107501219ns5:FurnitureFittings2023-01-3107501219ns5:MotorVehicles2023-01-3107501219ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3107501219ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3107501219ns10:OrdinaryShareClass12024-01-3107501219ns5:RetainedEarningsAccumulatedLosses2023-01-3107501219ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 07501219 (England and Wales)










Financial Statements

for the Year Ended 31 January 2024

for

Rhome Trading Ltd

Rhome Trading Ltd (Registered number: 07501219)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Rhome Trading Ltd

Company Information
for the Year Ended 31 January 2024







Director: Mrs M Wilcox





Registered office: Rhome House
79 Harbourne Park Road
Birmingham
West Midlands
B17 0BX





Registered number: 07501219 (England and Wales)





Accountants: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Rhome Trading Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rhome Trading Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Rhome Trading Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rhome Trading Ltd and state those matters that we have agreed to state to the director of Rhome Trading Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Rhome Trading Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rhome Trading Ltd. You consider that Rhome Trading Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rhome Trading Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG


9 October 2024

Rhome Trading Ltd (Registered number: 07501219)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 110,420 15,131

Current assets
Stocks 100,983 99
Debtors 5 7,353 4,578
Cash at bank 131,605 208,123
239,941 212,800
Creditors
Amounts falling due within one year 6 235,471 95,234
Net current assets 4,470 117,566
Total assets less current liabilities 114,890 132,697

Creditors
Amounts falling due after more than one
year

7

18,667

26,667
Net assets 96,223 106,030

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 96,123 105,930
Shareholders' funds 96,223 106,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Rhome Trading Ltd (Registered number: 07501219)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





Mrs M Wilcox - Director


Rhome Trading Ltd (Registered number: 07501219)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Rhome Trading 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.

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 - 20% on cost
Motor vehicles - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Rhome Trading Ltd (Registered number: 07501219)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 February 2023 - 960 1,258 25,218 27,436
Additions 100,167 - 250 - 100,417
At 31 January 2024 100,167 960 1,508 25,218 127,853
Depreciation
At 1 February 2023 - 960 1,258 10,087 12,305
Charge for year - - 84 5,044 5,128
At 31 January 2024 - 960 1,342 15,131 17,433
Net book value
At 31 January 2024 100,167 - 166 10,087 110,420
At 31 January 2023 - - - 15,131 15,131

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 7,353 4,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,121 141
Corporation tax 970 22,286
Social security and other taxes 270 136
VAT 970 943
Other creditors 89,500 -
Directors' current accounts 141,725 70,813
Accruals and deferred income 915 915
235,471 95,234

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other loans more 5yrs non-inst 18,667 26,667

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 18,667 26,667

Rhome Trading Ltd (Registered number: 07501219)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary shares £1 100 100

9. RESERVES
Retained
earnings
£

At 1 February 2023 105,930
Deficit for the year (807 )
Dividends (9,000 )
At 31 January 2024 96,123