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Registered number: 06326651
Ronin Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Genio Accountants
33a Portsmouth Road
Southampton
Hampshire
SO19 9BA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06326651
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,740 50
Tangible Assets 5 64,941 84,184
70,681 84,234
CURRENT ASSETS
Debtors 6 238,084 127,844
Cash at bank and in hand 155,962 392,248
394,046 520,092
Creditors: Amounts Falling Due Within One Year 7 (237,282 ) (200,771 )
NET CURRENT ASSETS (LIABILITIES) 156,764 319,321
TOTAL ASSETS LESS CURRENT LIABILITIES 227,445 403,555
Creditors: Amounts Falling Due After More Than One Year 8 (12,231 ) (121,128 )
NET ASSETS 215,214 282,427
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 215,114 282,327
SHAREHOLDERS' FUNDS 215,214 282,427
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For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Badley
Director
12th June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ronin Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06326651 . The registered office is 33a Portsmouth Road, Southampton, Hampshire, SO199BA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Included within intangible assets is a trademark which is being amortised over it's useful life of 20
years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 33% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 4)
9 4
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 200
Additions 6,000
As at 30 September 2024 6,200
Amortisation
As at 1 October 2023 150
Provided during the period 310
As at 30 September 2024 460
Net Book Value
As at 30 September 2024 5,740
As at 1 October 2023 50
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 184,170 16,049 21,597 221,816
Additions - - 3,051 3,051
As at 30 September 2024 184,170 16,049 24,648 224,867
Depreciation
As at 1 October 2023 103,596 16,049 17,987 137,632
Provided during the period 20,143 - 2,151 22,294
As at 30 September 2024 123,739 16,049 20,138 159,926
Net Book Value
As at 30 September 2024 60,431 - 4,510 64,941
As at 1 October 2023 80,574 - 3,610 84,184
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 144,515 40,560
Prepayments and accrued income - 15,846
Other debtors 19,816 -
Net wages - 414
Directors' loan accounts 73,753 71,024
238,084 127,844
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 98,712 18,665
Trade creditors 5,742 1,236
Bank loans and overdrafts 9,363 9,151
Corporation tax 71,760 65,160
Other taxes and social security 50,174 46,372
Other creditors 1,531 57,473
Accruals and deferred income - 2,714
237,282 200,771
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 98,712
Bank loans 12,231 22,416
12,231 121,128
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 98,712 18,665
Later than one year and not later than five years - 98,712
98,712 117,377
98,712 117,377
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Mark Badley 17,857 51,114 17,857 - 51,114
Mr Andrew Collins 53,167 22,639 53,167 - 22,639
The above loans are unsecured, interest free and repayable on demand.
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