RIO & BRAZIL LIMITED

Company Registration Number:
NI031280 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

RIO & BRAZIL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

RIO & BRAZIL LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 77,145 61,365
Tangible assets: 4 19,634 25,201
Total fixed assets: 96,779 86,566
Current assets
Stocks: 354,000 398,475
Debtors:   7,991 10,804
Cash at bank and in hand: 36,598 21,959
Total current assets: 398,589 431,238
Creditors: amounts falling due within one year:   (395,591) (317,504)
Net current assets (liabilities): 2,998 113,734
Total assets less current liabilities: 99,777 200,300
Creditors: amounts falling due after more than one year:   (28,011) (34,097)
Total net assets (liabilities): 71,766 166,203
Capital and reserves
Called up share capital: 40,100 40,100
Profit and loss account: 31,666 126,103
Shareholders funds: 71,766 166,203

The notes form part of these financial statements

RIO & BRAZIL LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2025
and signed on behalf of the board by:

Name: D Simpson
Status: Director

The notes form part of these financial statements

RIO & BRAZIL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Long leasehold property - 25% reducing balance Fixtures and fittings - 25% reducing balance

RIO & BRAZIL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 13 13

RIO & BRAZIL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 133,188
Additions 41,223
At 30 June 2024 174,411
Amortisation
At 01 July 2023 71,823
Charge for year 25,443
At 30 June 2024 97,266
Net book value
At 30 June 2024 77,145
At 30 June 2023 61,365

RIO & BRAZIL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 139,849
Additions 845
At 30 June 2024 140,694
Depreciation
At 01 July 2023 114,648
Charge for year 6,412
At 30 June 2024 121,060
Net book value
At 30 June 2024 19,634
At 30 June 2023 25,201