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Company Registration No. SC638623 (Scotland)
Rhino Express Solutions Ltd Unaudited accounts for the year ended 31 December 2024
Rhino Express Solutions Ltd Unaudited accounts Contents
Page
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Rhino Express Solutions Ltd Company Information for the year ended 31 December 2024
Directors
Jim Murdoch David Anthony Manderson
Company Number
SC638623 (Scotland)
Registered Office
Upper Floor,Pavillion1 85 Linwood Road Paisley Glasgow PA3 3BB Scotland
Accountants
Accounting & Tax Solutions Ltd 11 Ellis Drive Jackton G75 8WB
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Rhino Express Solutions Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
25,000 
25,000 
Tangible assets
699,916 
644,734 
724,916 
669,734 
Current assets
Debtors
377,255 
328,530 
Cash at bank and in hand
61,481 
31,358 
438,736 
359,888 
Creditors: amounts falling due within one year
(511,080)
(758,252)
Net current liabilities
(72,344)
(398,364)
Total assets less current liabilities
652,572 
271,370 
Creditors: amounts falling due after more than one year
(273,023)
- 
Net assets
379,549 
271,370 
Capital and reserves
Called up share capital
277,240 
277,240 
Profit and loss account
102,309 
(5,870)
Shareholders' funds
379,549 
271,370 
For the year ending 31 December 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 16 April 2025 and were signed on its behalf by
Jim Murdoch Director Company Registration No. SC638623
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Rhino Express Solutions Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Rhino Express Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC638623. The registered office is Upper Floor,Pavillion1, 85 Linwood Road Paisley, Glasgow, PA3 3BB, Scotland.
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
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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
10% RBM
Motor vehicles
10% RBM
Computer equipment
10% RBM
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
25,000 
At 31 December 2024
25,000 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
25,000 
At 31 December 2023
25,000 
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Rhino Express Solutions Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
336,010 
384,161 
47,798 
767,969 
Additions
2,822 
175,123 
- 
177,945 
Disposals
- 
(59,600)
- 
(59,600)
At 31 December 2024
338,832 
499,684 
47,798 
886,314 
Depreciation
At 1 January 2024
63,841 
50,844 
8,550 
123,235 
Charge for the year
27,499 
46,384 
3,925 
77,808 
On disposals
- 
(14,645)
- 
(14,645)
At 31 December 2024
91,340 
82,583 
12,475 
186,398 
Net book value
At 31 December 2024
247,492 
417,101 
35,323 
699,916 
At 31 December 2023
272,169 
333,317 
39,248 
644,734 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
253,555 
152,550 
Accrued income and prepayments
76,712 
80,771 
Other debtors
43,333 
95,209 
373,600 
328,530 
Amounts falling due after more than one year
Other debtors
3,655 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
109,802 
31,723 
VAT
168,649 
123,410 
Obligations under finance leases and hire purchase contracts
143,480 
306,748 
Trade creditors
116,211 
270,884 
Taxes and social security
96,283 
18,879 
Loans from directors
(129,445)
- 
Deferred income
6,100 
6,608 
511,080 
758,252 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,361 
- 
Obligations under finance leases and hire purchase contracts
169,662 
- 
Other creditors
100,000 
- 
273,023 
- 
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Rhino Express Solutions Ltd Notes to the Accounts for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 26 (2023: 26).
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