RANK BROTHERS LIMITED

Company Registration Number:
01838330 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

RANK BROTHERS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

RANK BROTHERS LIMITED

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 0 2,067
Total fixed assets: 0 2,067
Current assets
Stocks: 0 3,500
Debtors:   400 13,415
Cash at bank and in hand: 5,776 12,154
Total current assets: 6,176 29,069
Creditors: amounts falling due within one year:   (1,227) (4,367)
Net current assets (liabilities): 4,949 24,702
Total assets less current liabilities: 4,949 26,769
Provision for liabilities: 0 (400)
Total net assets (liabilities): 4,949 26,369
Capital and reserves
Called up share capital: 20,000 20,000
Profit and loss account: (15,051) 6,369
Shareholders funds: 4,949 26,369

The notes form part of these financial statements

RANK BROTHERS LIMITED

Balance sheet statements

For the year ending 30 September 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 14 April 2025
and signed on behalf of the board by:

Name: P M Rank
Status: Director

The notes form part of these financial statements

RANK BROTHERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover is generated from the principal activity of machining.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 15% on cost and 10% on cost

Other accounting policies

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. 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. Hire purchase and leasing commitments Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. 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. Going concern The company ceased to trade on 30 September 2024.

RANK BROTHERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

RANK BROTHERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 2,756
Disposals (2,756)
At 30 September 2024 0
Depreciation
At 01 October 2023 689
Charge for year 689
On disposals (1,378)
At 30 September 2024 0
Net book value
At 30 September 2024 0
At 30 September 2023 2,067

RANK BROTHERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Related party transactions

The company is controlled by Mr P M Rank. During the period the company had the following related party transactions: £807 rent for premises owned jointly between P Rank, a director and shareholder of Rank Brothers Limited and his brother.