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REGISTERED NUMBER: 02514089 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2022

FOR

RIBDEAL LIMITED
TRADING AS
FENNS OF PICCADILLY

RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIBDEAL LIMITED
TRADING AS FENNS OF PICCADILLY

COMPANY INFORMATION
for the Year Ended 31st July 2022







DIRECTORS: J S G Silver
Mrs W B Silver
L Silver
D Silver





SECRETARY: Mrs W B Silver





REGISTERED OFFICE: 15 St Leonards Road
Epsom Downs
Surrey
KT18 5RG





REGISTERED NUMBER: 02514089 (England and Wales)





ACCOUNTANTS: R.T. Cruse
Accountancy Services Limited
15 St Leonards Road
Epsom Downs
Surrey
KT18 5RG

RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY

BALANCE SHEET
31st July 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 350,321 202,428

CURRENT ASSETS
Stocks 78,914 47,902
Debtors 5 507,695 217,945
Cash at bank and in hand 76,504 82,053
663,113 347,900
CREDITORS
Amounts falling due within one year 6 656,192 473,389
NET CURRENT ASSETS/(LIABILITIES) 6,921 (125,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,242

76,939

CREDITORS
Amounts falling due after more than one
year

7

126,356

-
NET ASSETS 230,886 76,939

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 230,686 76,739
SHAREHOLDERS' FUNDS 230,886 76,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2022 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.

RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY

BALANCE SHEET - continued
31st July 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th September 2022 and were signed on its behalf by:





J S G Silver - Director


RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2022

1. STATUTORY INFORMATION

Ribdeal 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - over the remaining period of the lease
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred taxation
No provision has been made for taxation deferred as, in the opinion of the directors, there is reasonable probability that the liability will not arise in the forseeable future.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2021 - 27 ) .

RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2022

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2021 60,327 147,854 238,900 1,112 448,193
Additions - 1,764 184,070 - 185,834
At 31st July 2022 60,327 149,618 422,970 1,112 634,027
DEPRECIATION
At 1st August 2021 8,084 84,288 152,652 741 245,765
Charge for year 4,750 9,798 23,022 371 37,941
At 31st July 2022 12,834 94,086 175,674 1,112 283,706
NET BOOK VALUE
At 31st July 2022 47,493 55,532 247,296 - 350,321
At 31st July 2021 52,243 63,566 86,248 371 202,428

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 156,075
At 31st July 2022 156,075
NET BOOK VALUE
At 31st July 2022 156,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 384,122 128,899
Other debtors 123,573 89,046
507,695 217,945

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 99,254 192,646
Hire purchase contracts 51,757 6,241
Trade creditors 468,639 251,568
Taxation and social security 27,022 15,769
Other creditors 9,520 7,165
656,192 473,389

RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 126,356 -