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REGISTERED NUMBER: 09312896 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

RNG Ceramics Ltd

RNG Ceramics Ltd (Registered number: 09312896)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RNG Ceramics Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTORS: N J Greaves
R J Greaves





SECRETARY: N J Greaves





REGISTERED OFFICE: Unit 3
Aylesham Industrial Estate
Low Moor
Bradford
West Yorkshire
BD12 0NQ





REGISTERED NUMBER: 09312896 (England and Wales)





ACCOUNTANTS: Andrew S Parker
16 Foundry Close
Halton
Lancaster
Lancashire
LA2 6FE

RNG Ceramics Ltd (Registered number: 09312896)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,727 119,637

CURRENT ASSETS
Stocks 77,062 79,115
Debtors 5 55,800 73,087
Cash at bank 70,609 77,140
203,471 229,342
CREDITORS
Amounts falling due within one year 6 150,500 145,966
NET CURRENT ASSETS 52,971 83,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,698

203,013

CREDITORS
Amounts falling due after more than one
year

7

(115,303

)

(138,373

)

PROVISIONS FOR LIABILITIES (22,432 ) (22,731 )
NET ASSETS 4,963 41,909

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,863 41,809
SHAREHOLDERS' FUNDS 4,963 41,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

RNG Ceramics Ltd (Registered number: 09312896)

Balance Sheet - continued
28 February 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 14 November 2024 and were signed on its behalf by:





N J Greaves - Director


RNG Ceramics Ltd (Registered number: 09312896)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

RNG Ceramics 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

RNG Ceramics Ltd (Registered number: 09312896)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 28 February 2024 162,254
DEPRECIATION
At 1 March 2023 42,617
Charge for year 29,910
At 28 February 2024 72,527
NET BOOK VALUE
At 28 February 2024 89,727
At 28 February 2023 119,637

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023
and 28 February 2024 130,770
DEPRECIATION
At 1 March 2023 26,580
Charge for year 26,048
At 28 February 2024 52,628
NET BOOK VALUE
At 28 February 2024 78,142
At 28 February 2023 104,190

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 36,437 48,916
Other debtors 19,363 24,171
55,800 73,087

RNG Ceramics Ltd (Registered number: 09312896)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,555 5,555
Hire purchase contracts 17,516 20,082
Trade creditors 62,035 60,017
Taxation and social security 36,389 23,448
Other creditors 29,005 36,864
150,500 145,966

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 30,092 35,647
Hire purchase contracts 85,211 102,726
115,303 138,373

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,869 13,424

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2024 and 28 February 2023:

28.2.24 28.2.23
£    £   
N J Greaves
Balance outstanding at start of year 10,559 12,959
Amounts repaid (2,400 ) (2,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,159 10,559

The loan to the director is interest free. and repayable at £200 per month.

9. ULTIMATE CONTROLLING PARTY

The company is not under the control of any individual party.