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REGISTERED NUMBER: 04136599 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

RITE INDUSTRIAL DOORS LTD

RITE INDUSTRIAL DOORS LTD (REGISTERED NUMBER: 04136599)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RITE INDUSTRIAL DOORS LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: R Relf





SECRETARY: Ms R Bright





REGISTERED OFFICE: Unit 9H Longbrooks
Knowle Road
Brenchley
Tonbridge
Kent
TN12 7DJ





REGISTERED NUMBER: 04136599 (England and Wales)






RITE INDUSTRIAL DOORS LTD (REGISTERED NUMBER: 04136599)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,704 34,619

CURRENT ASSETS
Stocks 3,150 3,150
Debtors 361,267 404,508
Cash at bank and in hand 491,394 367,721
855,811 775,379
CREDITORS
Amounts falling due within one year 303,391 302,977
NET CURRENT ASSETS 552,420 472,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,124

507,021

CREDITORS
Amounts falling due after more than one
year

(31,113

)

(16,211

)

PROVISIONS FOR LIABILITIES (7,777 ) (20 )
NET ASSETS 574,234 490,790

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 574,134 490,690
SHAREHOLDERS' FUNDS 574,234 490,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RITE INDUSTRIAL DOORS LTD (REGISTERED NUMBER: 04136599)

ABRIDGED BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





R Relf - Director


RITE INDUSTRIAL DOORS LTD (REGISTERED NUMBER: 04136599)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Rite Industrial Doors 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

During the year, the company adopted FRS102 and the financial statements have been prepared on this basis.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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.
Office equipment - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - Straight line over 3 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

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.

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 5 (2023 - 5 ) .

RITE INDUSTRIAL DOORS LTD (REGISTERED NUMBER: 04136599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 116,994
Additions 44,329
At 30 April 2024 161,323
DEPRECIATION
At 1 May 2023 82,375
Charge for year 18,244
At 30 April 2024 100,619
NET BOOK VALUE
At 30 April 2024 60,704
At 30 April 2023 34,619

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

Totals
£   
COST
At 1 May 2023 88,571
Additions 43,413
At 30 April 2024 131,984
DEPRECIATION
At 1 May 2023 55,391
Charge for year 17,222
At 30 April 2024 72,613
NET BOOK VALUE
At 30 April 2024 59,371
At 30 April 2023 33,180

5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 17,024 12,320
Between one and five years 31,113 16,211
48,137 28,531

RITE INDUSTRIAL DOORS LTD (REGISTERED NUMBER: 04136599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 48,137 28,531

7. PENSION COMMITMENT

Pension creditor outstanding at the year end is £1,560 (2023: £1,828).