REGISTERED NUMBER: 13295047 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RIIFO UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L He

L Jianbo

S L Marklew

L Huang

S Liu

REGISTERED OFFICE:

Spear House Cobbett Road

Burntwood Business Park

Burntwood

WS7 3GR

REGISTERED NUMBER:

13295047 (England and Wales)

SENIOR STATUTORY AUDITOR:

Morgan Davies FCA

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

FIXED ASSETS

Tangible assets

4

3,581

3,097

CURRENT ASSETS

Stocks

818,542

442,185

Debtors

5

663,593

445,778

Cash at bank

148,844

117,881

1,630,979

1,005,844

CREDITORS

Amounts falling due within one year

6

2,232,489

1,307,377

NET CURRENT LIABILITIES

(601,510

)

(301,533

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(597,929

)

(298,436

)

CREDITORS

Amounts falling due after more than one year

7

419,807

419,807

NET LIABILITIES

(1,017,736

)

(718,243

)

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

(1,067,736

)

(768,243

)

(1,017,736

)

(718,243

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:

S L Marklew - Director

1.	STATUTORY INFORMATION

Riifo UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The company is dependent on the support of group companies and have received confirmation that support will not be withdrawn for a period of at least 12 months from the date on which the financial statements are signed. The directors have a reasonable expectation that the company will continue in operational existence for a period of not less than 12 months from the approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements

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 varying annual rates based on the assets expected useful economic life

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

4,534

Additions

1,680

At 31 December 2024

6,214

DEPRECIATION

At 1 January 2024

1,437

Charge for year

1,196

At 31 December 2024

2,633

NET BOOK VALUE

At 31 December 2024

3,581

At 31 December 2023

3,097

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

300,533

177,846

Other debtors

10,679

6,844

311,212

184,690

Amounts falling due after more than one year:

Deferred tax asset

352,381

261,088

Aggregate amounts

663,593

445,778

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

45,296

55,239

Amounts owed to group undertakings

1,975,385

1,163,265

Taxation and social security

54,551

25,473

Other creditors

157,257

63,400

2,232,489

1,307,377

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

419,807

419,807

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

21,970

8,218

Between one and five years

24,751

8,903

46,721

17,121

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Morgan Davies FCA (Senior Statutory Auditor)

for and on behalf of Prime

10.	RELATED PARTY DISCLOSURES

The company has taken the exception confirmed by FRS 102 not to disclose transactions between wholly owned members of the group

11.	ULTIMATE CONTROLLING PARTY

The parent company is Riifo Group International Holdings Limited, a company incorporated in China.

The ultimate holding company is Rifeng Enterprise Group Co, a company incorporated in China.