Company registration number 07227604 (England and Wales)
RHINO GLOBAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
RHINO GLOBAL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
RHINO GLOBAL LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
116,333
128,323
Current assets
Stocks
968,100
879,533
Debtors
4
204,242
215,534
Cash at bank and in hand
25,025
1,944
1,197,367
1,097,011
Creditors: amounts falling due within one year
5
(783,660)
(803,638)
Net current assets
413,707
293,373
Total assets less current liabilities
530,040
421,696
Creditors: amounts falling due after more than one year
6
(6,100)
(42,700)
Net assets
523,940
378,996
Capital and reserves
Called up share capital
235
235
Profit and loss reserves
523,705
378,761
Total equity
523,940
378,996
RHINO GLOBAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 April 2026 and are signed on its behalf by:
Mr Y W Lim
Director
Company registration number 07227604 (England and Wales)
RHINO GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Rhino Global Limited is a private company limited by shares incorporated in England and Wales. The registered office is 13a Tower House, Ipswich Road, Cardiff, CF23 9AQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Not depreciated
Fixtures and fittings
20% on cost
Computers
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

RHINO GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
13
13
RHINO GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
70,000
77,664
147,664
Additions
-
0
1,600
1,600
At 31 March 2025
70,000
79,264
149,264
Depreciation and impairment
At 1 April 2024
-
0
19,341
19,341
Depreciation charged in the year
-
0
13,590
13,590
At 31 March 2025
-
0
32,931
32,931
Carrying amount
At 31 March 2025
70,000
46,333
116,333
At 31 March 2024
70,000
58,323
128,323
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
182,409
207,586
Other debtors
21,833
7,948
204,242
215,534
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
36,600
67,243
Trade creditors
286,720
322,568
Corporation tax
16,712
32,616
Other taxation and social security
82,176
64,967
Other creditors
361,452
316,244
783,660
803,638
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
6,100
42,700
2025-03-31 2024-04-01 false false false 16 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr Yim Chong Lim Mr Y W Lim Mr R D Reynish 07227604 2024-04-01 2025-03-31 07227604 2025-03-31 07227604 2024-03-31 07227604 core:LandBuildings 2025-03-31 07227604 core:OtherPropertyPlantEquipment 2025-03-31 07227604 core:LandBuildings 2024-03-31 07227604 core:OtherPropertyPlantEquipment 2024-03-31 07227604 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07227604 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07227604 core:WithinOneYear 2025-03-31 07227604 core:WithinOneYear 2024-03-31 07227604 core:AfterOneYear 2025-03-31 07227604 core:AfterOneYear 2024-03-31 07227604 core:CurrentFinancialInstruments 2025-03-31 07227604 core:CurrentFinancialInstruments 2024-03-31 07227604 core:ShareCapital 2025-03-31 07227604 core:ShareCapital 2024-03-31 07227604 core:RetainedEarningsAccumulatedLosses 2025-03-31 07227604 core:RetainedEarningsAccumulatedLosses 2024-03-31 07227604 bus:Director2 2024-04-01 2025-03-31 07227604 core:LeaseholdImprovements 2024-04-01 2025-03-31 07227604 core:FurnitureFittings 2024-04-01 2025-03-31 07227604 core:ComputerEquipment 2024-04-01 2025-03-31 07227604 2023-04-01 2024-03-31 07227604 core:LandBuildings 2024-03-31 07227604 core:OtherPropertyPlantEquipment 2024-03-31 07227604 2024-03-31 07227604 core:LandBuildings 2024-04-01 2025-03-31 07227604 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 07227604 core:Non-currentFinancialInstruments 2025-03-31 07227604 core:Non-currentFinancialInstruments 2024-03-31 07227604 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07227604 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07227604 bus:FRS102 2024-04-01 2025-03-31 07227604 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07227604 bus:Director1 2024-04-01 2025-03-31 07227604 bus:Director3 2024-04-01 2025-03-31 07227604 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP