REGISTERED NUMBER: 00706720 (England and Wales)

T.A.RHODES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M I Hurcomb

Mrs R S Hurcomb

R A M Brew OBE FCA

SECRETARY:

Mrs R S Hurcomb

REGISTERED OFFICE:

9 - 11 Vittoria Street

Birmingham

B1 3ND

REGISTERED NUMBER:

00706720 (England and Wales)

ACCOUNTANTS:

UHY Hacker Young (Bham) LLP

9-11 Vittoria Street

Birmingham

B1 3ND

FIXED ASSETS

Intangible assets

4

1,704,000

1,988,000

Tangible assets

5

716,418

768,727

2,420,418

2,756,727

CURRENT ASSETS

Stocks

97,133

91,143

Debtors

6

672,567

697,807

Cash at bank and in hand

592,057

786,915

1,361,757

1,575,865

CREDITORS

Amounts falling due within one year

7

2,080,309

2,303,168

NET CURRENT LIABILITIES

(718,552

)

(727,303

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,701,866

2,029,424

CREDITORS

Amounts falling due after more than one year

8

(950,000

)

(950,000

)

PROVISIONS FOR LIABILITIES

(45,246

)

(48,788

)

NET ASSETS

706,620

1,030,636

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Revaluation reserve

9

1,342,260

1,342,260

Retained earnings

(645,640

)

(321,624

)

SHAREHOLDERS' FUNDS

706,620

1,030,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

M I Hurcomb - Director

1.	STATUTORY INFORMATION

T.A.Rhodes 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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

at varying rates on cost

Plant and machinery etc

-

33% on reducing balance and 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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

2,840,000

AMORTISATION

At 1 October 2023

852,000

Charge for year

284,000

At 30 September 2024

1,136,000

NET BOOK VALUE

At 30 September 2024

1,704,000

At 30 September 2023

1,988,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 October 2023

and 30 September 2024

767,103

362,502

1,129,605

DEPRECIATION

At 1 October 2023

213,153

147,725

360,878

Charge for year

30,397

21,912

52,309

At 30 September 2024

243,550

169,637

413,187

NET BOOK VALUE

At 30 September 2024

523,553

192,865

716,418

At 30 September 2023

553,950

214,777

768,727

Cost or valuation at 30 September 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2020

-

291,391

291,391

Valuation in 2021

290,000

71,111

361,111

Valuation in 2022

477,103

-

477,103

767,103

362,502

1,129,605

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

242,715

267,357

Amounts owed by participating interests

376,884

376,884

Other debtors

52,968

53,566

672,567

697,807

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

105,198

308,663

Amounts owed to group undertakings

1,804,314

1,804,314

Taxation and social security

37,364

35,512

Other creditors

133,433

154,679

2,080,309

2,303,168

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

950,000

950,000

9.

RESERVES

Revaluation

reserve

£

At 1 October 2023

and 30 September 2024

1,342,260