IRIS Accounts Production v24.3.0.553 03206731 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032067312022-12-31032067312023-12-31032067312023-01-012023-12-31032067312021-12-31032067312022-01-012022-12-31032067312022-12-3103206731ns15:EnglandWales2023-01-012023-12-3103206731ns14:PoundSterling2023-01-012023-12-3103206731ns10:Director12023-01-012023-12-3103206731ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103206731ns10:SmallEntities2023-01-012023-12-3103206731ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103206731ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103206731ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103206731ns10:FullAccounts2023-01-012023-12-310320673112023-01-012023-12-3103206731ns10:Director22023-01-012023-12-3103206731ns10:Director32023-01-012023-12-3103206731ns10:RegisteredOffice2023-01-012023-12-3103206731ns5:CurrentFinancialInstruments2023-12-3103206731ns5:CurrentFinancialInstruments2022-12-3103206731ns5:Non-currentFinancialInstruments2023-12-3103206731ns5:Non-currentFinancialInstruments2022-12-3103206731ns5:ShareCapital2023-12-3103206731ns5:ShareCapital2022-12-3103206731ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3103206731ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3103206731ns5:RetainedEarningsAccumulatedLosses2023-12-3103206731ns5:RetainedEarningsAccumulatedLosses2022-12-3103206731ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103206731ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3103206731ns5:FurnitureFittings2023-01-012023-12-3103206731ns5:MotorVehicles2023-01-012023-12-3103206731ns5:ComputerEquipment2023-01-012023-12-3103206731ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3103206731ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3103206731ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3103206731ns5:FurnitureFittings2022-12-3103206731ns5:MotorVehicles2022-12-3103206731ns5:ComputerEquipment2022-12-3103206731ns5:FurnitureFittings2023-12-3103206731ns5:MotorVehicles2023-12-3103206731ns5:ComputerEquipment2023-12-3103206731ns5:FurnitureFittings2022-12-3103206731ns5:MotorVehicles2022-12-3103206731ns5:ComputerEquipment2022-12-3103206731ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103206731ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3103206731ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3103206731ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-12-3103206731ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3103206731ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-31
REGISTERED NUMBER: 03206731 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RHINO DESIGN (MANCHESTER) LTD.

RHINO DESIGN (MANCHESTER) LTD. (REGISTERED NUMBER: 03206731)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RHINO DESIGN (MANCHESTER) LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr L Higgins
Mrs S Higgins
Mr D Stevenson





REGISTERED OFFICE: Monaghan House
Clarendon Road
Hyde
Cheshire
SK14 2EP





REGISTERED NUMBER: 03206731 (England and Wales)





ACCOUNTANTS: Anthony Wych & Co
26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU

RHINO DESIGN (MANCHESTER) LTD. (REGISTERED NUMBER: 03206731)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,228 24,996
Tangible assets 5 489,119 107,416
497,347 132,412

CURRENT ASSETS
Stocks 18,692 11,561
Debtors 6 1,980,499 1,709,824
Cash at bank and in hand 320,140 324,184
2,319,331 2,045,569
CREDITORS
Amounts falling due within one year 7 1,237,588 724,773
NET CURRENT ASSETS 1,081,743 1,320,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,579,090

1,453,208

CREDITORS
Amounts falling due after more than one
year

8

327,442

249,251
NET ASSETS 1,251,648 1,203,957

CAPITAL AND RESERVES
Called up share capital 16,500 16,500
Other reserves (29,500 ) (29,500 )
Retained earnings 1,264,648 1,216,957
SHAREHOLDERS' FUNDS 1,251,648 1,203,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 DESIGN (MANCHESTER) LTD. (REGISTERED NUMBER: 03206731)

BALANCE SHEET - continued
31 DECEMBER 2023


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 22 January 2025 and were signed on its behalf by:





Mr L Higgins - Director


RHINO DESIGN (MANCHESTER) LTD. (REGISTERED NUMBER: 03206731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Rhino Design (Manchester) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2022 - 40 ) .

RHINO DESIGN (MANCHESTER) LTD. (REGISTERED NUMBER: 03206731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 83,837
AMORTISATION
At 1 January 2023 58,841
Amortisation for year 16,768
At 31 December 2023 75,609
NET BOOK VALUE
At 31 December 2023 8,228
At 31 December 2022 24,996

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 58,958 113,819 34,448 207,225
Additions 115,919 342,262 10,362 468,543
At 31 December 2023 174,877 456,081 44,810 675,768
DEPRECIATION
At 1 January 2023 47,790 35,899 16,120 99,809
Charge for year 23,639 51,167 12,034 86,840
At 31 December 2023 71,429 87,066 28,154 186,649
NET BOOK VALUE
At 31 December 2023 103,448 369,015 16,656 489,119
At 31 December 2022 11,168 77,920 18,328 107,416

RHINO DESIGN (MANCHESTER) LTD. (REGISTERED NUMBER: 03206731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 514,728 493,582
Other debtors 49,775 591
Directors' current accounts 38,549 9,581
Prepayments and accrued income 111,304 40,328
714,356 544,082

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,266,143 1,165,742

Aggregate amounts 1,980,499 1,709,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 100,000 100,000
Hire purchase contracts 74,589 19,703
Trade creditors 604,933 341,344
Other creditors 38,038 25,960
Corporation tax (87,679 ) (130,292 )
Social security and other taxes 42,613 43,285
VAT 163,476 121,575
Other creditors 75,925 48,416
Directors' current accounts 47,905 -
Accruals and deferred income 177,788 154,782
1,237,588 724,773

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 41,667 100,000
Bank loans - 2-5 years - 41,667
Hire purchase contracts 285,775 40,921
Other creditors - 66,663
327,442 249,251

RHINO DESIGN (MANCHESTER) LTD. (REGISTERED NUMBER: 03206731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 285,775 40,921