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REGISTERED NUMBER: 02240635 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

RAINER SECURITY PRODUCTS LIMITED

RAINER SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 02240635)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


RAINER SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 02240635)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 556,077 537,497

CURRENT ASSETS
Stocks 136,378 135,998
Debtors 88,152 75,969
Cash at bank 302 252
224,832 212,219
CREDITORS
Amounts falling due within one year 220,338 217,814
NET CURRENT ASSETS/(LIABILITIES) 4,494 (5,595 )
TOTAL ASSETS LESS CURRENT LIABILITIES 560,571 531,902

CREDITORS
Amounts falling due after more than one
year

5

(56,416

)

(68,651

)

PROVISIONS FOR LIABILITIES (70,666 ) (35,991 )
NET ASSETS 433,489 427,260

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Revaluation reserve 8 338,482 340,229
Retained earnings 94,007 86,031
SHAREHOLDERS' FUNDS 433,489 427,260

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RAINER SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 02240635)

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





A J Rainer (Managing) - Director


RAINER SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 02240635)

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

1. STATUTORY INFORMATION

Rainer Security Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02240635

Registered office: Coastwise House
17 Liverpool Road
Worthing
West Sussex
BN11 1SU

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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Land and buildings held and used in the Company’s own activities are stated in the statement of financial position at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.

Once a revalued property is sold or retired, any attributable revaluation surplus that is remaining in the property revaluation reserve is transferred to retained earnings. No transfer is made from the revaluation reserve to retained earnings unless an asset is derecognised.

Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

The depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property 2% Straight line basis
Fixtures and fittings25% Reducing balance basis
Computer equipment 25% Straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


RAINER SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 02240635)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 9 ) .

RAINER SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 02240635)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2023 636,333
Additions 5,042
Revaluations 15,000
At 30 April 2024 656,375
DEPRECIATION
At 1 May 2023 98,836
Charge for year 1,462
At 30 April 2024 100,298
NET BOOK VALUE
At 30 April 2024 556,077
At 30 April 2023 537,497

Cost or valuation at 30 April 2024 is represented by:

Totals
£   
Valuation in 2023 323,509
Valuation in 2024 15,000
Cost 317,866
656,375

Freehold property was valued on an open market basis on 30 April 2024 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
30.4.24 30.4.23
£    £   
Repayable by instalments
Bank loans more than
5 years by instalments - 6,073
Bounce back loan more than
5 years by instalments 5,796 11,352
5,796 17,425

The amount outstanding on the bank loans at on the balance sheet date was £68,694 (2023 - £85,008) and this is payable in monthly instalments plus interest.

RAINER SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 02240635)

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

6. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 30,392 33,445
Bank loans 34,899 45,658
65,291 79,103

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023 340,229
Adjustment on revaluation (1,747 )

At 30 April 2024 338,482

The property revaluation reserve comprises the cumulative effect of revaluations of freehold property which is revalued to fair value at each reporting date.