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REGISTERED NUMBER: 06875731 (England and Wales)














RINBALE CARPETS & FLOORING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






RINBALE CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 06875731)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RINBALE CARPETS & FLOORING LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: B Kemm





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 06875731 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

RINBALE CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 06875731)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 13,450 20,938

CURRENT ASSETS
Stocks 1,750 1,750
Debtors 6 45,966 152,019
Cash at bank 118,313 107,735
166,029 261,504
CREDITORS
Amounts falling due within one year 7 52,276 108,682
NET CURRENT ASSETS 113,753 152,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,203

173,760

CREDITORS
Amounts falling due after more than one
year

8

(4,124

)

(9,234

)

PROVISIONS FOR LIABILITIES - (3,978 )
NET ASSETS 123,079 160,548

CAPITAL AND RESERVES
Called up, paid and allotted share capital 34 34
Capital redemption reserve 68 68
Retained earnings 122,977 160,446
SHAREHOLDERS' FUNDS 123,079 160,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

RINBALE CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 06875731)

STATEMENT OF FINANCIAL POSITION - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2025 and were signed by:





B Kemm - Director


RINBALE CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 06875731)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Rinbale Carpets & Flooring Limited 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
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.

RINBALE CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 06875731)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 997 3,070 41,451 45,518
Disposals - - (23,451 ) (23,451 )
At 31 July 2024 997 3,070 18,000 22,067
DEPRECIATION
At 1 August 2023 958 1,675 21,947 24,580
Charge for year 10 349 4,481 4,840
Eliminated on disposal - - (20,803 ) (20,803 )
At 31 July 2024 968 2,024 5,625 8,617
NET BOOK VALUE
At 31 July 2024 29 1,046 12,375 13,450
At 31 July 2023 39 1,395 19,504 20,938

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,357 128,934
Other debtors 20,609 23,085
45,966 152,019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,111 4,668
Trade creditors 14,807 42,152
Taxation and social security 920 21,589
Other creditors 31,438 40,273
52,276 108,682

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 4,124 9,234

RINBALE CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 06875731)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

9. RELATED PARTY DISCLOSURES

One of the directors operated a loan account with the company. During the year, brought forward loans in aggregate of £5,000 were repaid by the company, resulting in an amount owed by the company of £29,131.

This amount is now shown in other creditors as they are no longer a director.