Registered number
11400029
RANGERB ENTERPRISES LTD
Unaudited Filleted Accounts
30 June 2024
RANGERB ENTERPRISES LTD
Registered number: 11400029
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 330,000 279,933
Current assets
Cash at bank and in hand 761 580
Creditors: amounts falling due within one year 4 (201,081) (198,298)
Net current liabilities (200,320) (197,718)
Total assets less current liabilities 129,680 82,215
Creditors: amounts falling due after more than one year 5 (154,465) (154,465)
Net liabilities (24,785) (72,250)
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 50,067 -
Profit and loss account (74,952) (72,350)
Shareholders' funds (24,785) (72,250)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs S McBriar
Director
Approved by the board on 7 February 2025
RANGERB ENTERPRISES LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 279,933 809 280,742
Additions 50,067 - 50,067
At 30 June 2024 330,000 809 330,809
Depreciation
At 1 July 2023 - 809 809
At 30 June 2024 - 809 809
Net book value
At 30 June 2024 330,000 - 330,000
At 30 June 2023 279,933 - 279,933
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 201,081 198,298
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 154,465 154,465
6 Revaluation reserve 2024 2023
£ £
Gain on revaluation of land and buildings 50,067 -
At 30 June 2024 50,067 -
7 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr D McBriar
Directors Loan 600 115 - 715
Mrs S McBriar
Directors Loan 175,610 300 (4,750) 171,160
176,210 415 (4,750) 171,875
The above Directors Loan's are included in other creditors.
8 Other information
RANGERB ENTERPRISES LTD is a private company limited by shares and incorporated in England. Its registered office is:
367 Chester Road
Little Sutton
Ellesmere Port
Cheshire
CH66 3RQ
8 Charges
Paratus Amc Ltd holds a fixed charge over the freehold property of the company in respect of the mortgage borrowed.
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