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REGISTERED NUMBER: 03194723 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Exclusive Ranges Ltd

Exclusive Ranges Ltd (Registered number: 03194723)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Exclusive Ranges Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: T W Burke





REGISTERED OFFICE: 65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY





REGISTERED NUMBER: 03194723 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Exclusive Ranges Ltd (Registered number: 03194723)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,761 81,742

CURRENT ASSETS
Stocks 1,807,984 1,620,005
Debtors 5 1,349,433 1,245,351
Cash at bank 4,449 134,607
3,161,866 2,999,963
CREDITORS
Amounts falling due within one year 6 2,573,182 2,465,308
NET CURRENT ASSETS 588,684 534,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

663,445

616,397

CREDITORS
Amounts falling due after more than one
year

7

(9,573

)

(19,797

)

PROVISIONS FOR LIABILITIES (16,282 ) (17,874 )
NET ASSETS 637,590 578,726

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 637,490 578,626
637,590 578,726

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Exclusive Ranges Ltd (Registered number: 03194723)

Balance Sheet - continued
30 June 2024


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

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 24 March 2025 and were signed by:





T W Burke - Director


Exclusive Ranges Ltd (Registered number: 03194723)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Exclusive Ranges 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.

Turnover
Turnover is derived from installation and maintenance of commercial kitchens, and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 15% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 12 (2023 - 8 ) .

Exclusive Ranges Ltd (Registered number: 03194723)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 4,478 210,526 215,004
Additions - 27,314 27,314
At 30 June 2024 4,478 237,840 242,318
DEPRECIATION
At 1 July 2023 2,575 130,687 133,262
Charge for year 672 33,623 34,295
At 30 June 2024 3,247 164,310 167,557
NET BOOK VALUE
At 30 June 2024 1,231 73,530 74,761
At 30 June 2023 1,903 79,839 81,742

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 526,599 669,846
Other debtors 822,834 575,505
1,349,433 1,245,351

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 34,246 10,010
Trade creditors 961,151 700,281
Amounts owed to associates 940,192 233,832
Taxation and social security 82,222 184,761
Other creditors 555,371 1,336,424
2,573,182 2,465,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,573 19,797

Exclusive Ranges Ltd (Registered number: 03194723)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 103,177 99,265
Between one and five years 343,040 292,460
In more than five years 11,753 72,640
457,970 464,365

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdraft 24,022 -

The company's bank holds a fixed and floating charge on all property and assets of the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
T W Burke
Balance outstanding at start of year 155,844 152,788
Amounts advanced 3,507 3,056
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 159,351 155,844

Interest is charged on overdrawn balances at 2.25% and those balances are repayable on demand.