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
RIMPRO-TEC WHEELBANDS LTD
Company Information
for the year ended 30 June 2024
Company Number
11413884 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
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
RIMPRO-TEC WHEELBANDS LTD
Statement of financial position
as at 30 June 2024
Intangible assets
28,696
32,899
Tangible assets
6,071
7,873
Cash at bank and in hand
3,127
3,161
Creditors: amounts falling due within one year
(219,182)
(183,149)
Net current liabilities
(205,376)
(164,993)
Net liabilities
(170,609)
(124,221)
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
RIMPRO-TEC WHEELBANDS LTD
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
20% reducing balance
4
Intangible fixed assets
Goodwill
Other
Total
At 1 July 2023
32,484
21,878
54,362
At 30 June 2024
32,484
26,523
59,007
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
At 30 June 2024
5,927
22,769
28,696
At 30 June 2023
12,423
20,476
32,899
RIMPRO-TEC WHEELBANDS LTD
Notes to the Accounts
for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
7,513
10,826
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
18,701
18,664
Taxes and social security
104
73
Loans from directors
185,935
162,711
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Current accounts
(162,711)
2,332
25,556
(185,935)
(162,711)
2,332
25,556
(185,935)
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).