Ridgeway Auto Services Limited |
Registered Number:02060093 |
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2021
Ridgeway Auto Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Ridgeway Auto Services Limited
Statement of Financial Position
2020
2021
Property, plant and equipment |
11,547
12,830
2
11,547
12,830
24,516
Cash and cash equivalents |
8,684
8,684
24,516
Trade and other payables: amounts falling due within one year |
(43,860)
(43,020)
3
(19,344)
(34,336)
Net current liabilities
Total assets less current liabilities |
(22,789)
(6,514)
(22,789)
Net liabilities
(6,514)
166,450
166,450
7,390
7,390
4
(196,629)
(180,354)
(22,789)
(6,514)
Shareholders' funds
For the year ended 31 December 2021 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 of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Michael Westover Director |
These financial statements were approved and authorised for issue by the Board on 26 August 2022 and were signed by: |
The notes form part of these financial statements |
1 of 3
For the year ended 31 December 2021
Ridgeway Auto Services Limited
Notes to the Financial Statements
Statutory Information
Ridgeway Auto Services Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 02060093. |
Principal place of business: |
c/o Westhurst Cottage
Eckington Road
Bredon, Tewkesbury
Gloucestershire
GL20 7EX
40 High Street
Pershore
Worcestershire
WR10 1DP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Significant judgements and estimates
The principal accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
2 of 3
For the year ended 31 December 2021
Ridgeway Auto Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
73,806
102
30,975
42,729
42,729
30,975
102
73,806
Provision for depreciation and impairment |
60,976
102
30,975
29,899
Charge for year
1,283
-
-
1,283
62,259
102
30,975
31,182
11,547
-
-
11,547
12,830
-
-
12,830
3. Trade and other payables: amounts falling due within one year |
2020
2021
43,020
43,860
Revaluation reserve at 01 January 2021 |
7,390
7,390
Revaluation reserve at 31 December 2021 |
5. Average number of persons employed |
During the year the average number of employees was 1 including directors (2020 : 1)
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have |
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the |
transition to Section 1A of Financial Reporting Standard 102. |
3 of 3