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
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
Rhino Express Solutions Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
25,000
25,000
Tangible assets
699,916
644,734
Cash at bank and in hand
61,481
31,358
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
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
Rhino Express Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
10% RBM
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2024
25,000
At 31 December 2024
25,000
At 31 December 2023
25,000
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
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
At 31 December 2024
247,492
417,101
35,323
699,916
At 31 December 2023
272,169
333,317
39,248
644,734
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
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
109,802
31,723
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
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
169,662
-
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).