Company Registration No. 08385837 (England and Wales)
Rhino Fruit Company Limited
Unaudited accounts
for the year ended 31 March 2025
Rhino Fruit Company Limited
Unaudited accounts
Contents
Rhino Fruit Company Limited
Company Information
for the year ended 31 March 2025
Directors
A L Roche
A T Gibbons
D P Gibbons
D W Gibbons
Company Number
08385837 (England and Wales)
Registered Office
Yorkshire Produce Centre
Pontefract Lane
Leeds
West Yorkshire
LS9 0PX
England
Accountants
Sparham Harnell Limited
Churchill House
29 Mill Hill Road
Pontefract
West Yorkshire
WF8 4HY
Rhino Fruit Company Limited
Statement of financial position
as at 31 March 2025
Tangible assets
39,475
34,523
Cash at bank and in hand
169,313
223,879
Creditors: amounts falling due within one year
(408,668)
(459,732)
Net current assets
87,334
93,853
Total assets less current liabilities
126,809
128,376
Provisions for liabilities
Deferred tax
(7,500)
(7,212)
Net assets
119,309
121,164
Called up share capital
100
100
Profit and loss account
119,209
121,064
Shareholders' funds
119,309
121,164
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by
A T Gibbons
Director
Company Registration No. 08385837
Rhino Fruit Company Limited
Notes to the Accounts
for the year ended 31 March 2025
Rhino Fruit Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08385837. The registered office is Yorkshire Produce Centre, Pontefract Lane, Leeds, West Yorkshire, LS9 0PX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
33.3% Straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rhino Fruit Company Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
32,500
145,541
9,204
187,245
Additions
10,000
15,000
-
25,000
Disposals
(23,000)
-
-
(23,000)
At 31 March 2025
19,500
160,541
9,204
189,245
At 1 April 2024
20,450
123,068
9,204
152,722
Charge for the year
2,006
9,369
-
11,375
On disposals
(14,327)
-
-
(14,327)
At 31 March 2025
8,129
132,437
9,204
149,770
At 31 March 2025
11,371
28,104
-
39,475
At 31 March 2024
12,050
22,473
-
34,523
Amounts falling due within one year
Trade debtors
270,342
269,662
Accrued income and prepayments
11,648
9,413
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
383,635
403,662
Taxes and social security
19,772
28,428
7
Deferred taxation
2025
2024
Accelerated capital allowances
7,500
7,212
Provision at start of year
7,212
8,500
Charged/(credited) to the profit and loss account
288
(1,288)
Provision at end of year
7,500
7,212
Rhino Fruit Company Limited
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
34,838
29,290
10
Transactions with related parties
D.A.D. Fruits & Exotics Limited:
A company in which Mr D W Gibbons, Mr A P Gibbons and Mr D P Gibbons are also directors and shareholders.
The Company made net sales to D.A.D. Fruits & Exotics Limited totalling £336,453 (2024 - £346,551) in the year and were owed £22,291 (2024 - £22,208) by them at the year end.
11
Average number of employees
During the year the average number of employees was 18 (2024: 20).