Company Registration No. 04763300 (England and Wales)
Range Fires Limited
Unaudited accounts
for the year ended 30 June 2024
Range Fires Limited
Unaudited accounts
Contents
Range Fires Limited
Company Information
for the year ended 30 June 2024
Company Number
04763300 (England and Wales)
Registered Office
300-302 BOOTHFERRY ROAD
HESSLE
EAST YORKSHIRE
HU13 7AR
Accountants
Westlands Chartered Accountants
McMillan House
6 Wolfreton Drive
Anlaby
East Riding of Yorkshire
HU10 7BY
Range Fires Limited
Statement of financial position
as at 30 June 2024
Tangible assets
354,048
355,397
Cash at bank and in hand
126,538
92,341
Creditors: amounts falling due within one year
(282,185)
(382,387)
Net current liabilities
(139,758)
(276,458)
Total assets less current liabilities
214,290
78,939
Creditors: amounts falling due after more than one year
(22,452)
(23,665)
Called up share capital
100
100
Profit and loss account
191,738
55,174
Shareholders' funds
191,838
55,274
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2025 and were signed on its behalf by
Mrs J Johnson
Director
Company Registration No. 04763300
Range Fires Limited
Notes to the Accounts
for the year ended 30 June 2024
Range Fires Limited is a private company, limited by shares, registered in England and Wales, registration number 04763300. The registered office is 300-302 BOOTHFERRY ROAD, HESSLE, EAST YORKSHIRE, HU13 7AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0% provided
Motor vehicles
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Range Fires Limited
Notes to the Accounts
for the year ended 30 June 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2023
350,000
9,594
359,594
At 30 June 2024
350,000
9,594
359,594
At 1 July 2023
-
4,197
4,197
Charge for the year
-
1,349
1,349
At 30 June 2024
-
5,546
5,546
At 30 June 2024
350,000
4,048
354,048
At 30 June 2023
350,000
5,397
355,397
Amounts falling due within one year
Trade debtors
15,889
10,588
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
7,522
54,170
Taxes and social security
19,825
84,207
Other creditors
52,461
52,315
Loans from directors
201,777
191,095
7
Creditors: amounts falling due after more than one year
2024
2023
Range Fires Limited
Notes to the Accounts
for the year ended 30 June 2024
The company is under the control of Mrs J Johnson, the sole director and shareholder of the company.
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Average number of employees
During the year the average number of employees was 3 (2023: 3).