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Company Registration No. 11202804 (England and Wales)
Rhino Projects (sw) Limited Unaudited accounts for the year ended 31 July 2024
Rhino Projects (sw) Limited Unaudited accounts Contents
Page
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Rhino Projects (sw) Limited Company Information for the year ended 31 July 2024
Directors
Simon Griffiths Eleanor Claire Griffiths
Secretary
Eleanor C Griffiths
Company Number
11202804 (England and Wales)
Registered Office
12 Hurland Road Truro Cornwall TR1 2BU England
Accountants
KMK Accounting Ltd 12 Hurland Road Truro TR1 2BU
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Rhino Projects (sw) Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,035 
1,636 
Current assets
Debtors
- 
5,046 
Cash at bank and in hand
3,499 
11,050 
3,499 
16,096 
Creditors: amounts falling due within one year
(9,865)
(11,950)
Net current (liabilities)/assets
(6,366)
4,146 
Total assets less current liabilities
(5,331)
5,782 
Creditors: amounts falling due after more than one year
(20,939)
(24,614)
Provisions for liabilities
Deferred tax
(197)
(311)
Net liabilities
(26,467)
(19,143)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(26,567)
(19,243)
Shareholders' funds
(26,467)
(19,143)
For the year ending 31 July 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by
Eleanor Claire Griffiths Director Company Registration No. 11202804
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Rhino Projects (sw) Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Rhino Projects (sw) Limited is a private company, limited by shares, registered in England and Wales, registration number 11202804. The registered office is 12 Hurland Road, Truro, Cornwall, TR1 2BU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
Notwithstanding net liabilities of £26,463, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on cost
Fixtures & fittings
10% on cost
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Rhino Projects (sw) Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
3,816 
289 
518 
4,623 
At 31 July 2024
3,816 
289 
518 
4,623 
Depreciation
At 1 August 2023
2,329 
140 
518 
2,987 
Charge for the year
572 
29 
- 
601 
At 31 July 2024
2,901 
169 
518 
3,588 
Net book value
At 31 July 2024
915 
120 
- 
1,035 
At 31 July 2023
1,487 
149 
- 
1,636 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
5,046 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,075 
5,628 
VAT
3,263 
2,772 
Trade creditors
- 
3,012 
Taxes and social security
4 
18 
Loans from directors
864 
- 
Accruals
659 
520 
9,865 
11,950 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,939 
24,614 
8
Loans to directors
At 31 July 2024, the directors owed the company £0 (2023: £5,046).
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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