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REGISTERED NUMBER: 03536499 (England and Wales)













RIO DESIGNS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 MARCH 2023 TO 25 MARCH 2024






RIO DESIGNS LIMITED (REGISTERED NUMBER: 03536499)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 MARCH 2023 TO 25 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


RIO DESIGNS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 28 MARCH 2023 TO 25 MARCH 2024







DIRECTOR: D W Dickinson





SECRETARY: Mrs J Dickinson





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 03536499 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

RIO DESIGNS LIMITED (REGISTERED NUMBER: 03536499)

BALANCE SHEET
25 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,015 11,564

CURRENT ASSETS
Stocks 4,000 12,500
Debtors 5 258,278 259,345
Cash at bank - 49,051
262,278 320,896
CREDITORS
Amounts falling due within one year 6 254,440 306,876
NET CURRENT ASSETS 7,838 14,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,853

25,584

CREDITORS
Amounts falling due after more than one
year

7

(12,987

)

(23,026

)

PROVISIONS FOR LIABILITIES (1,705 ) (2,188 )
NET ASSETS 2,161 370

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,159 368
SHAREHOLDERS' FUNDS 2,161 370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 25 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RIO DESIGNS LIMITED (REGISTERED NUMBER: 03536499)

BALANCE SHEET - continued
25 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2025 and were signed by:





D W Dickinson - Director


RIO DESIGNS LIMITED (REGISTERED NUMBER: 03536499)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 MARCH 2023 TO 25 MARCH 2024

1. STATUTORY INFORMATION

Rio Designs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis. The company's ability to trade is dependent upon the continuing support of the bank and creditors which, at present, is forthcoming. Therefore the going concern basis is considered appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

RIO DESIGNS LIMITED (REGISTERED NUMBER: 03536499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MARCH 2023 TO 25 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 28 March 2023
and 25 March 2024 16,624 26,824 43,448
DEPRECIATION
At 28 March 2023 9,498 22,386 31,884
Charge for period 1,069 1,480 2,549
At 25 March 2024 10,567 23,866 34,433
NET BOOK VALUE
At 25 March 2024 6,057 2,958 9,015
At 27 March 2023 7,126 4,438 11,564

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 538 6,549
Other debtors 61,142 59,083
Directors' current accounts 196,598 193,713
258,278 259,345

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,803 9,481
Trade creditors 20,059 55,360
Corporation tax 86,570 90,497
Social security and other taxes 292 264
Value added tax 115,391 117,931
Other creditors 10,825 22,843
Sundry creditors and accruals 7,500 10,500
254,440 306,876

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,792 9,534
Bank loans - 2-5 years 3,195 13,492
12,987 23,026

RIO DESIGNS LIMITED (REGISTERED NUMBER: 03536499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MARCH 2023 TO 25 MARCH 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 25 March 2024 and 27 March 2023:

2024 2023
£    £   
D W Dickinson
Balance outstanding at start of period 193,713 187,612
Amounts advanced 2,885 6,101
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 196,598 193,713