Registered number
10532200
Rhino Plumbing & Heating Services Limited
Filleted Accounts
31 December 2024
Rhino Plumbing & Heating Services Limited
Registered number: 10532200
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,350 52,974
Current assets
Debtors 4 46,399 27,306
Cash at bank and in hand 61,196 45,638
107,595 72,944
Creditors: amounts falling due within one year 5 (124,544) (103,111)
Net current liabilities (16,949) (30,167)
Total assets less current liabilities 11,401 22,807
Creditors: amounts falling due after more than one year 6 (2,288) (14,771)
Net assets 9,113 8,036
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,013 7,936
Shareholder's funds 9,113 8,036
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R G R Hardware
Director
Approved by the board on 7 June 2025
Rhino Plumbing & Heating Services Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price.
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 January 2024 98,491
At 31 December 2024 98,491
Depreciation
At 1 January 2024 45,517
Charge for the year 24,624
At 31 December 2024 70,141
Net book value
At 31 December 2024 28,350
At 31 December 2023 52,974
4 Debtors 2024 2023
£ £
Trade debtors 43,286 20,428
Other debtors 3,113 6,878
46,399 27,306
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 12,483 14,573
Trade creditors 21,677 13,957
Taxation and social security costs 21,536 9,780
Other creditors 68,848 64,801
124,544 103,111
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 2,288 14,771
7 Other information
Rhino Plumbing & Heating Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Pelsall Road
Brownhills
Walsall
WS8 7JE
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