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RIO WORKWEAR SOLUTIONS LIMITED

Registered Number
06966958
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

RIO WORKWEAR SOLUTIONS LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

PEARSON, Maria Faith

Registered Address

Whiteleaf Business Centre 11 Little Balmer
Buckingham Industrial Estate
Buckingham
MK18 1TF

Registered Number

06966958 (England and Wales)
RIO WORKWEAR SOLUTIONS LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,85312,784
8,85312,784
Current assets
Stocks42,0002,000
Debtors20,91229,562
Cash at bank and on hand13,21219,840
36,12451,402
Creditors amounts falling due within one year5(49,688)(61,545)
Net current assets (liabilities)(13,564)(10,143)
Total assets less current liabilities(4,711)2,641
Creditors amounts falling due after one year6(9,676)(14,998)
Net assets(14,387)(12,357)
Capital and reserves
Called up share capital22
Profit and loss account(14,389)(12,359)
Shareholders' funds(14,387)(12,357)
The financial statements were approved and authorised for issue by the Director on 31 January 2025, and are signed on its behalf by:
PEARSON, Maria Faith
Director
Registered Company No. 06966958
RIO WORKWEAR SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Office Equipment3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 August 2313,2955,43718,732
Additions-882882
At 31 July 2413,2956,31919,614
Depreciation and impairment
At 01 August 232,4333,5155,948
Charge for year3,3241,4894,813
At 31 July 245,7575,00410,761
Net book value
At 31 July 247,5381,3158,853
At 31 July 2310,8621,92212,784
4.Stocks

2024

2023

££
Raw materials and consumables2,0002,000
Total2,0002,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables27,70133,072
Bank borrowings and overdrafts5,2785,278
Taxation and social security2,1693,933
Finance lease and HP contracts44264
Other creditors14,49618,998
Total49,68861,545
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts9,67614,954
Other creditors-44
Total9,67614,998
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts-44