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REGISTERED NUMBER: SC315510 (Scotland)






























Financial Statements for the Year Ended 31 January 2023

for

D & J Ritchie (Cars) Ltd

D & J Ritchie (Cars) Ltd (Registered number: SC315510)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D & J Ritchie (Cars) Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: D Ritchie
Mrs J Ritchie





SECRETARY: D Ritchie





REGISTERED OFFICE: North Logierieve
Udny
Ellon
Aberdeenshire
AB41 7RN





REGISTERED NUMBER: SC315510 (Scotland)





ACCOUNTANTS: A J Croll & Company
19 Bon Accord Crescent
Aberdeen
Aberdeenshire
AB11 6DE

D & J Ritchie (Cars) Ltd (Registered number: SC315510)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,281 3,042

CURRENT ASSETS
Stocks 2,600 2,400
Cash at bank 112 4,245
2,712 6,645
CREDITORS
Amounts falling due within one year 5 25,273 24,825
NET CURRENT LIABILITIES (22,561 ) (18,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,280

)

(15,138

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,380 ) (15,238 )
SHAREHOLDERS' FUNDS (20,280 ) (15,138 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

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 4 October 2023 and were signed on its behalf by:





Mrs J Ritchie - Director


D & J Ritchie (Cars) Ltd (Registered number: SC315510)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

D & J Ritchie (Cars) Ltd is a private company, limited by shares , registered in Scotland. 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.

The financial statements have been prepared on a going concern basis, the directors have agreed to provide funding to enable the company to meet it's ongoing commitments for the foreseeable future.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 8,869 3,650 12,519
DEPRECIATION
At 1 February 2022 5,913 3,564 9,477
Charge for year 739 22 761
At 31 January 2023 6,652 3,586 10,238
NET BOOK VALUE
At 31 January 2023 2,217 64 2,281
At 31 January 2022 2,956 86 3,042

D & J Ritchie (Cars) Ltd (Registered number: SC315510)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 2,573 1,158
Taxation and social security - 8
Other creditors 22,700 23,659
25,273 24,825

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Ritchie & Mrs J Ritchie.