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REGISTERED NUMBER: 08115424 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Rhino's Gymnasium Limited

Rhino's Gymnasium Limited (Registered number: 08115424)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Rhino's Gymnasium Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr N Swann
Mr S Swann
Mrs L E Swann





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 08115424 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

Rhino's Gymnasium Limited (Registered number: 08115424)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 61,049 63,670

CURRENT ASSETS
Stocks 11,213 10,346
Debtors 6 34,261 32,580
Cash at bank and in hand 11,886 14,250
57,360 57,176
CREDITORS
Amounts falling due within one year 7 68,215 69,527
NET CURRENT LIABILITIES (10,855 ) (12,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,194

51,319

PROVISIONS FOR LIABILITIES 10,697 11,195
NET ASSETS 39,497 40,124

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 39,397 40,024
SHAREHOLDERS' FUNDS 39,497 40,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Rhino's Gymnasium Limited (Registered number: 08115424)

Statement of Financial Position - continued
30 June 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 Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mr N Swann - Director


Rhino's Gymnasium Limited (Registered number: 08115424)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Rhino's Gymnasium 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 etc - 33% on cost and 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rhino's Gymnasium Limited (Registered number: 08115424)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 4,749 209,247 213,996
Additions - 16,207 16,207
At 30 June 2024 4,749 225,454 230,203
DEPRECIATION
At 1 July 2023 - 150,326 150,326
Charge for year - 18,828 18,828
At 30 June 2024 - 169,154 169,154
NET BOOK VALUE
At 30 June 2024 4,749 56,300 61,049
At 30 June 2023 4,749 58,921 63,670

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 34,261 32,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 6,683 23,656
Taxation and social security 34,349 14,511
Other creditors 27,183 31,360
68,215 69,527

Rhino's Gymnasium Limited (Registered number: 08115424)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
96 A Ordinary £1 96 96
2 B Ordinary £1 2 2
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
100 100

9. RESERVES
Retained
earnings
£   

At 1 July 2023 40,024
Profit for the year 89,492
Dividends (90,119 )
At 30 June 2024 39,397