Rhino Lifting Limited - Accounts to registrar (filleted) - small 18.2

Rhino Lifting Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08310973 (England and Wales)















RHINO LIFTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019






RHINO LIFTING LIMITED (REGISTERED NUMBER: 08310973)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RHINO LIFTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2019







DIRECTOR: S J Hutin





REGISTERED OFFICE: Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
CF23 8RS





REGISTERED NUMBER: 08310973 (England and Wales)





ACCOUNTANTS: Watts Gregory LLP
Chartered Accountants
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

RHINO LIFTING LIMITED (REGISTERED NUMBER: 08310973)

BALANCE SHEET
31 JULY 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,098 4,131

CURRENT ASSETS
Debtors 5 689 11,844
Cash at bank 224,641 186,299
225,330 198,143
CREDITORS
Amounts falling due within one year 6 (200,008 ) (185,500 )
NET CURRENT ASSETS 25,322 12,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,420

16,774

PROVISIONS FOR LIABILITIES - (100 )
NET ASSETS 28,420 16,674

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 28,419 16,673
SHAREHOLDERS' FUNDS 28,420 16,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 for issue by the director on 27 March 2020 and were signed by:





S J Hutin - Director


RHINO LIFTING LIMITED (REGISTERED NUMBER: 08310973)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019


1. STATUTORY INFORMATION

Rhino Lifting 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to
the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
Turnover represents amounts invoiced during the year in respect of supplying, hiring, testing and manufacturing
of steel wire, rope slings and general lifting equipment, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website development - 25% on reducing balance

Current taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and
is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

RHINO LIFTING LIMITED (REGISTERED NUMBER: 08310973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019


4. TANGIBLE FIXED ASSETS
Website
development
£   
COST
At 1 August 2018
and 31 July 2019 5,875
DEPRECIATION
At 1 August 2018 1,744
Charge for year 1,033
At 31 July 2019 2,777
NET BOOK VALUE
At 31 July 2019 3,098
At 31 July 2018 4,131

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 637 11,843
Amounts owed by group undertakings 1 1
VAT 27 -
Deferred tax asset 24 -
689 11,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 276 -
Amounts owed to group undertakings 196,468 181,073
Corporation tax 2,802 2,085
VAT - 1,842
Accruals and deferred income 462 500
200,008 185,500