RISE & RECLINE LTD

Company Registration Number:
04194331 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

RISE & RECLINE LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

RISE & RECLINE LTD

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,087,726 1,065,303
Total fixed assets: 1,087,726 1,065,303
Current assets
Stocks: 246,410 204,366
Debtors:   471,441 418,309
Cash at bank and in hand: 20,841 11,882
Total current assets: 738,692 634,557
Creditors: amounts falling due within one year: 4 (914,813) (818,630)
Net current assets (liabilities): (176,121) (184,073)
Total assets less current liabilities: 911,605 881,230
Creditors: amounts falling due after more than one year: 5 (670,186) (690,909)
Provision for liabilities: (67,082) (85,091)
Total net assets (liabilities): 174,337 105,230
Capital and reserves
Called up share capital: 1,003 1,003
Profit and loss account: 173,334 104,227
Shareholders funds: 174,337 105,230

The notes form part of these financial statements

RISE & RECLINE LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 January 2025
and signed on behalf of the board by:

Name: J Lougher
Status: Director

The notes form part of these financial statements

RISE & RECLINE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue recognition Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities, Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is charged to write off the cost of the asset over its estimated useful life, recognising its estimated residual value. Depreciation on plant and machinery is charged on a reducing balance basis at rates of 25%, 20% and 15% as appropriate for the type of asset. An asset held under a hire purchase contract is depreciated over the its estimated useful life. In the year no depreciation has been charged on the freehold property on the basis that the buildings are maintained to a standard whereby the current market value exceeds the historic cost.

Other accounting policies

Stock & Work in Progress Stock and work in progress is valued at the lower of cost and net realisable value. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date stocks are assessed for impairment. If stocks are impaired the carrying amount is reduced to its selling price less costs to complete and sell; the impairmentlossn is recognised immediately in the p[rofit and loss account.

RISE & RECLINE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 33 44

RISE & RECLINE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 1,500,348
Additions 108,230
Disposals (25,372)
At 30 April 2024 1,583,206
Depreciation
At 01 May 2023 435,045
Charge for year 60,435
At 30 April 2024 495,480
Net book value
At 30 April 2024 1,087,726
At 30 April 2023 1,065,303

RISE & RECLINE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

Bank loans 178492 184800 Trade creditors 382483 416503 Taxation and social security 96298 100261 HP and other creditors 257540 117066

RISE & RECLINE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due after more than one year note

Bank loans and borrowings 670186 690909