Registered number
04179574
The Rising Sun (Christchurch) Limited
Filleted Accounts
31 July 2024
The Rising Sun (Christchurch) Limited
Registered number: 04179574
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 81,390 50,085
Current assets
Stocks 7,848 7,072
Debtors 5 320,926 367,943
Cash at bank and in hand 67,137 114,586
395,911 489,601
Creditors: amounts falling due within one year 6 (222,823) (295,238)
Net current assets 173,088 194,363
Total assets less current liabilities 254,478 244,448
Creditors: amounts falling due after more than one year 7 (73,929) (57,851)
Provisions for liabilities (87) (87)
Net assets 180,462 186,510
Capital and reserves
Called up share capital 113 113
Profit and loss account 180,349 186,397
Shareholder's funds 180,462 186,510
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
J Goemaat
Director
Approved by the board on 24 March 2025
The Rising Sun (Christchurch) Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Computer equipment 33.33% reducing balance
Plant and machinery 33.33% reducing balance
Motor vehicles 20% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 28 28
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 42,667
At 31 July 2024 42,667
Amortisation
At 1 August 2023 42,667
At 31 July 2024 42,667
Net book value
At 31 July 2024 -
Goodwill has been fully written off.
4 Tangible fixed assets
Computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 8,821 10,226 56,290 75,337
Additions 2,457 2,890 50,854 56,201
At 31 July 2024 11,278 13,116 107,144 131,538
Depreciation
At 1 August 2023 7,640 6,354 11,258 25,252
Charge for the year 1,213 2,254 21,429 24,896
At 31 July 2024 8,853 8,608 32,687 50,148
Net book value
At 31 July 2024 2,425 4,508 74,457 81,390
At 31 July 2023 1,181 3,872 45,032 50,085
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 320,559 355,047
Other debtors 367 12,896
320,926 367,943
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,982 14,664
Obligations under finance lease and hire purchase contracts 24,489 9,199
Trade creditors 18,981 16,673
Taxation and social security costs 40,530 70,866
Other creditors 126,841 183,836
222,823 295,238
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,615 19,648
Obligations under finance lease and hire purchase contracts 64,314 38,203
73,929 57,851
8 Other information
The Rising Sun (Christchurch) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 9 Pine Court Business Centre
36 Gervis Road
Bournemouth
Dorset
BH1 3DH
The Rising Sun (Christchurch) Limited 04179574 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 J Goemaat No description of principal activity 04179574 2022-08-01 2023-07-31 04179574 core:WithinOneYear 2023-07-31 04179574 core:AfterOneYear 2023-07-31 04179574 core:ShareCapital 2023-07-31 04179574 core:RetainedEarningsAccumulatedLosses 2023-07-31 04179574 2023-08-01 2024-07-31 04179574 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04179574 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04179574 bus:Director40 2023-08-01 2024-07-31 04179574 1 2023-08-01 2024-07-31 04179574 2 2023-08-01 2024-07-31 04179574 core:LandBuildings 2023-08-01 2024-07-31 04179574 core:PlantMachinery 2023-08-01 2024-07-31 04179574 core:Vehicles 2023-08-01 2024-07-31 04179574 countries:England 2023-08-01 2024-07-31 04179574 bus:FRS102 2023-08-01 2024-07-31 04179574 bus:FilletedAccounts 2023-08-01 2024-07-31 04179574 2024-07-31 04179574 core:WithinOneYear 2024-07-31 04179574 core:AfterOneYear 2024-07-31 04179574 core:ShareCapital 2024-07-31 04179574 core:RetainedEarningsAccumulatedLosses 2024-07-31 04179574 core:Goodwill 2024-07-31 04179574 core:LandBuildings 2024-07-31 04179574 core:PlantMachinery 2024-07-31 04179574 core:Vehicles 2024-07-31 04179574 2023-07-31 04179574 core:Goodwill 2023-07-31 04179574 core:LandBuildings 2023-07-31 04179574 core:PlantMachinery 2023-07-31 04179574 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure