16 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 21,800 21,800 1,038 1,038 20,762 xbrli:pure xbrli:shares iso4217:GBP 07625650 2024-01-01 2024-12-31 07625650 2024-12-31 07625650 2023-12-31 07625650 2023-01-01 2023-12-31 07625650 2023-12-31 07625650 2022-12-31 07625650 bus:Director6 2024-01-01 2024-12-31 07625650 core:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 07625650 core:LandBuildings 2023-12-31 07625650 core:PlantMachinery 2023-12-31 07625650 core:MotorVehicles 2023-12-31 07625650 core:LandBuildings 2024-12-31 07625650 core:PlantMachinery 2024-12-31 07625650 core:MotorVehicles 2024-12-31 07625650 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 07625650 core:LandBuildings 2024-01-01 2024-12-31 07625650 core:PlantMachinery 2024-01-01 2024-12-31 07625650 core:MotorVehicles 2024-01-01 2024-12-31 07625650 core:WithinOneYear 2024-12-31 07625650 core:WithinOneYear 2023-12-31 07625650 core:ShareCapital 2024-12-31 07625650 core:ShareCapital 2023-12-31 07625650 core:RetainedEarningsAccumulatedLosses 2024-12-31 07625650 core:RetainedEarningsAccumulatedLosses 2023-12-31 07625650 core:BetweenOneFiveYears 2024-12-31 07625650 core:BetweenOneFiveYears 2023-12-31 07625650 core:LandBuildings 2023-12-31 07625650 core:PlantMachinery 2023-12-31 07625650 core:MotorVehicles 2023-12-31 07625650 bus:SmallEntities 2024-01-01 2024-12-31 07625650 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07625650 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07625650 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07625650 bus:FullAccounts 2024-01-01 2024-12-31 07625650 core:LandBuildings core:LongLeaseholdAssets 2024-01-01 2024-12-31 07625650 core:AllSubsidiaries 2024-01-01 2024-12-31 07625650 core:AllSubsidiaries 2023-01-01 2023-12-31 07625650 core:OfficeEquipment 2023-12-31 07625650 core:OfficeEquipment 2024-01-01 2024-12-31 07625650 core:OfficeEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 07625650
Rhubarb Seating Limited
Filleted Unaudited Financial Statements
31 December 2024
Rhubarb Seating Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
20,762
Tangible assets
6
33,993
61,704
--------
--------
54,755
61,704
Current assets
Stocks
194,755
139,153
Debtors
7
310,486
304,067
Cash at bank and in hand
258,717
467,800
---------
---------
763,958
911,020
Creditors: amounts falling due within one year
8
224,353
206,572
---------
---------
Net current assets
539,605
704,448
---------
---------
Total assets less current liabilities
594,360
766,152
---------
---------
Net assets
594,360
766,152
---------
---------
Capital and reserves
Called up share capital
127
127
Profit and loss account
594,233
766,025
---------
---------
Shareholders funds
594,360
766,152
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Rhubarb Seating Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 4 June 2025 , and are signed on behalf of the board by:
Mr DP Matthews
Director
Company registration number: 07625650
Rhubarb Seating Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Dormer Road, Thame, Oxfordshire, OX9 3UD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Design Rights
-
7 Years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Improvements
-
Over the life of the lease
Plant & Machinery
-
10.00% to 33.33% Straight line
Motor Vehicles
-
25.00% to 33.33% Straight line
Office Equipment
-
33.33% Straight line or over 12 months
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2023: 19 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
Additions
21,800
--------
At 31 December 2024
21,800
--------
Amortisation
Charge for the year
1,038
--------
At 31 December 2024
1,038
--------
Carrying amount
At 31 December 2024
20,762
--------
At 31 December 2023
--------
6. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 January 2024
99,290
215,680
85,667
43,992
444,629
Additions
3,613
3,613
--------
---------
--------
--------
---------
At 31 December 2024
99,290
215,680
85,667
47,605
448,242
--------
---------
--------
--------
---------
Depreciation
At 1 January 2024
97,189
181,007
78,241
26,488
382,925
Charge for the year
742
16,506
3,300
10,776
31,324
--------
---------
--------
--------
---------
At 31 December 2024
97,931
197,513
81,541
37,264
414,249
--------
---------
--------
--------
---------
Carrying amount
At 31 December 2024
1,359
18,167
4,126
10,341
33,993
--------
---------
--------
--------
---------
At 31 December 2023
2,101
34,673
7,426
17,504
61,704
--------
---------
--------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
221,491
252,856
Other debtors
88,995
51,211
---------
---------
310,486
304,067
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
103,844
61,914
Corporation tax
24,191
Social security and other taxes
52,823
53,047
Other creditors
67,686
67,420
---------
---------
224,353
206,572
---------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
209,000
209,000
Later than 1 year and not later than 5 years
470,250
679,250
---------
---------
679,250
888,250
---------
---------
10. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
2024
2023
£
£
Services provided by Companies under common control
90,260
100,519
--------
---------
All the above transactions were entered into on terms equivalent to those that prevail in arm's length transactions.