Company Registration No. 07537541 (England and Wales)
Rhi-Styles Ltd
Unaudited accounts
for the year ended 29 February 2024
Rhi-Styles Ltd
Unaudited accounts
Contents
Rhi-Styles Ltd
Company Information
for the year ended 29 February 2024
Company Number
07537541 (England and Wales)
Registered Office
Arran
Yew Tree Road
Grange-over-Sands
Cumbria
LA11 7AA
England
Accountants
Red Rose Accountancy Services Ltd
Arran
Yew Tree Road
Grange-over-Sands
Cumbria
LA11 7AA
Accountants' report on the preparation of the unaudited statutory statements of Rhi-Styles Ltd (The Company) for the year ended 29 February 2024
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 29 February 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company 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 financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 29 February 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. 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.
Red Rose Accountancy Services Ltd
Financial Accountants
Arran
Yew Tree Road
Grange-over-Sands
Cumbria
LA11 7AA
18 November 2024
Rhi-Styles Ltd
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
11,450
12,806
Creditors: amounts falling due within one year
(1,127)
(1,729)
Net current assets
10,953
11,327
Called up share capital
1
1
Profit and loss account
10,952
11,326
Shareholders' funds
10,953
11,327
For the year ending 29 February 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 her 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 18 November 2024 and were signed on its behalf by
Ms R A Jeffs
Director
Company Registration No. 07537541
Rhi-Styles Ltd
Notes to the Accounts
for the year ended 29 February 2024
Rhi-Styles Ltd is a private company, limited by shares, registered in England and Wales, registration number 07537541. The registered office is Arran, Yew Tree Road, Grange-over-Sands, Cumbria, LA11 7AA, 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
25% on cost
Fixtures & fittings
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rhi-Styles Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
2,479
2,928
5,407
At 29 February 2024
2,479
2,928
5,407
At 1 March 2023
2,479
2,928
5,407
At 29 February 2024
2,479
2,928
5,407
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
542
1,161
Loans from directors
101
101
The directors loan is interest free and repayable on demand.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).