REGISTERED NUMBER: 05108291 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

RHINO PERIMETER SECURITY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G A M Hamerton

Mrs C M Hamerton

Mr J A M G Hamerton

SECRETARY:

Mrs C M Hamerton

REGISTERED OFFICE:

Unit 5 Page Road

Sweet Briar Industrial Estate

Norwich

Norfolk

NR3 2BX

REGISTERED NUMBER:

05108291 (England and Wales)

ACCOUNTANTS:

Berry & Warren Ltd

Chartered Accountants

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

321,527

195,360

321,527

195,360

CURRENT ASSETS

Stocks

219,523

155,481

Debtors

6

117,207

106,562

Cash at bank and in hand

228,468

272,301

565,198

534,344

CREDITORS

Amounts falling due within one year

7

242,397

138,744

NET CURRENT ASSETS

322,801

395,600

TOTAL ASSETS LESS CURRENT LIABILITIES

644,328

590,960

PROVISIONS FOR LIABILITIES

17,236

21,969

NET ASSETS

627,092

568,991

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

626,992

568,891

627,092

568,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:

Mr J A M G Hamerton - Director

1.	STATUTORY INFORMATION

Rhino Perimeter Security 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.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its 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.

The following criteria must also be met before revenue is recognised:

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 accepted delivery of the goods.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Property improvements - 25% reducing balance

Plant and machinery - 25% reducing balance

Motor vehicles - 25% reducing balance

Office equipment - 25% reducing balance

Depreciation is not charged on leasehold property as the directors are of the opinion that the property is maintained to a standard whereby the useful economic life exceeds the cost.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

Stocks

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

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Taxation

Taxation for the year 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 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 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

200,000

AMORTISATION

At 1 May 2024

and 30 April 2025

200,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 May 2024

107,482

4,656

17,948

Additions

145,100

-

3,169

At 30 April 2025

252,582

4,656

21,117

DEPRECIATION

At 1 May 2024

-

4,632

17,698

Charge for year

-

6

195

At 30 April 2025

-

4,638

17,893

NET BOOK VALUE

At 30 April 2025

252,582

18

3,224

At 30 April 2024

107,482

24

250

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

130,772

10,437

271,295

Additions

-

-

148,269

At 30 April 2025

130,772

10,437

419,564

DEPRECIATION

At 1 May 2024

43,414

10,191

75,935

Charge for year

21,839

62

22,102

At 30 April 2025

65,253

10,253

98,037

NET BOOK VALUE

At 30 April 2025

65,519

184

321,527

At 30 April 2024

87,358

246

195,360

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

96,433

97,718

Other debtors

20,774

8,844

117,207

106,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

92,866

82,430

Taxation and social security

100,223

53,014

Other creditors

49,308

3,300

242,397

138,744

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

Mr G A M Hamerton

Balance outstanding at start of year

2,649

4,319

Amounts advanced

5,210

2,649

Amounts repaid

(2,649

)

(4,319

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,210

2,649

Mrs C M Hamerton

Balance outstanding at start of year

2,649

4,318

Amounts advanced

5,209

2,649

Amounts repaid

(2,649

)

(4,318

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,209

2,649