for the Period Ended 31 December 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2024
Principal activities of the company
Additional information
Rinicom is a Lancaster based SME specialising in providing state-of-the art secure communications and AI-driven video analytics systems for law enforcement agencies, first responders, and critical civilian infrastructure facilities. Incorporated in 2002, Rinicom gained initial recognition as a leading-edge technology company providing bespoke telecommunications solutions. Today Rinicom's portfolio of new and innovative products includes, a self-healing COFDM IP ad-hoc mesh radio, a software defined radio (SDR) for leaky feeder applications, radio communication systems, Video Fusion solutions and innovative video analytics software for underground trains and innovative AI algorithms enhancing performance of the products. In addition to a robust product base, we place a strong focus on R&D to maintain our competitive advantage and ensure continuous innovation. To support our ongoing R&D programme, we were successful in winning 2 large projects from EU and InnovateUK, and we expect that the outcomes of these projects will support our roadmap for new products and services. The year 2024 was a challenging year but we successfully overcame the challenges by completing a process of transforming Rinicom from being a project based Company to product based company and recovering losses from 2023. We are pleased to announce that company is growing steadily focusing on increased profitability from production activities while maintaining a strong engineering Team and having a strong customer base. We expect 2025 to be a challenging but successful year with the delivery of radios and antennae for DTUP project with TFL and introduction of a number of new products, leading to more growth and winning of new contracts.
Directors
The director shown below has held office during the whole of the period from
1 January 2024
to
31 December 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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As at
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| Intangible assets: | 3 |
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| Tangible assets: | 4 |
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| Stocks: | 5 |
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| Debtors: | 6 |
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| Creditors: amounts falling due within one year: | 7 |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Other accounting policies
for the Period Ended 31 December 2024
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for the Period Ended 31 December 2024
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for the Period Ended 31 December 2024
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