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Company Registration No. 11413884 (England and Wales)
RIMPRO-TEC WHEELBANDS LTD Unaudited accounts for the year ended 30 June 2024
RIMPRO-TEC WHEELBANDS LTD Unaudited accounts Contents
Page
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RIMPRO-TEC WHEELBANDS LTD Company Information for the year ended 30 June 2024
Director
C J Chester
Company Number
11413884 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN England
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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RIMPRO-TEC WHEELBANDS LTD Accountants' report
Accountants' report to the director of RIMPRO-TEC WHEELBANDS LTD on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RIMPRO-TEC WHEELBANDS LTD for the year ended 30 June 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of RIMPRO-TEC WHEELBANDS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of RIMPRO-TEC WHEELBANDS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RIMPRO-TEC WHEELBANDS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RIMPRO-TEC WHEELBANDS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of RIMPRO-TEC WHEELBANDS LTD. You consider that RIMPRO-TEC WHEELBANDS 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 accounts of RIMPRO-TEC WHEELBANDS 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 accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 13 October 2024
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RIMPRO-TEC WHEELBANDS LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
28,696 
32,899 
Tangible assets
6,071 
7,873 
34,767 
40,772 
Current assets
Inventories
2,055 
3,347 
Debtors
8,624 
11,648 
Cash at bank and in hand
3,127 
3,161 
13,806 
18,156 
Creditors: amounts falling due within one year
(219,182)
(183,149)
Net current liabilities
(205,376)
(164,993)
Net liabilities
(170,609)
(124,221)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(170,709)
(124,321)
Shareholders' funds
(170,609)
(124,221)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 October 2024 and were signed on its behalf by
C J Chester Director Company Registration No. 11413884
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RIMPRO-TEC WHEELBANDS LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
RIMPRO-TEC WHEELBANDS LTD is a private company, limited by shares, registered in England and Wales, registration number 11413884. The registered office is 203 West Street, Fareham, PO16 0EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
25 % reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 20% reducing balance
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 July 2023
32,484 
21,878 
54,362 
Additions
- 
4,645 
4,645 
At 30 June 2024
32,484 
26,523 
59,007 
Amortisation
At 1 July 2023
20,061 
1,402 
21,463 
Charge for the year
6,496 
2,352 
8,848 
At 30 June 2024
26,557 
3,754 
30,311 
Net book value
At 30 June 2024
5,927 
22,769 
28,696 
At 30 June 2023
12,423 
20,476 
32,899 
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RIMPRO-TEC WHEELBANDS LTD Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
17,498 
Additions
219 
At 30 June 2024
17,717 
Depreciation
At 1 July 2023
9,625 
Charge for the year
2,021 
At 30 June 2024
11,646 
Net book value
At 30 June 2024
6,071 
At 30 June 2023
7,873 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,111 
822 
Trade debtors
7,513 
10,826 
8,624 
11,648 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,701 
18,664 
Trade creditors
12,687 
- 
Taxes and social security
104 
73 
Other creditors
827 
763 
Loans from directors
185,935 
162,711 
Accruals
928 
938 
219,182 
183,149 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
C J Chester
Directors Current accounts
(162,711)
2,332 
25,556 
(185,935)
(162,711)
2,332 
25,556 
(185,935)
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RIMPRO-TEC WHEELBANDS LTD Notes to the Accounts for the year ended 30 June 2024
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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