Company Registration No. 07621620 (England and Wales)
Ripley Building Plastics Ltd
Unaudited accounts
for the year ended 31 May 2023
Ripley Building Plastics Ltd
Unaudited accounts
Contents
Ripley Building Plastics Ltd
Company Information
for the year ended 31 May 2023
Directors
Anthony Kirkman
Julie Kirkman
Company Number
07621620 (England and Wales)
Registered Office
129 St. Wilfrids Road
West Hallam
Ilkeston
Derbyshire
DE7 6HG
Derbyshire
Ripley Building Plastics Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
49,694
34,309
Inventories
771,069
771,069
Cash at bank and in hand
950,305
445,405
Creditors: amounts falling due within one year
(520,880)
(574,382)
Net current assets
1,869,472
1,585,063
Total assets less current liabilities
1,920,466
1,620,672
Provisions for liabilities
Deferred tax
(9,689)
(7,541)
Net assets
1,910,777
1,613,131
Called up share capital
2
2
Profit and loss account
1,910,775
1,613,129
Shareholders' funds
1,910,777
1,613,131
For the year ending 31 May 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by
Anthony Kirkman
Director
Company Registration No. 07621620
Ripley Building Plastics Ltd
Notes to the Accounts
for the year ended 31 May 2023
Ripley Building Plastics Ltd is a private company, limited by shares, registered in England and Wales, registration number 07621620. The registered office is 129 St. Wilfrids Road, West Hallam, Ilkeston, Derbyshire, DE7 6HG, Derbyshire.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
44,352
60,695
25,611
130,658
Additions
-
32,500
7,046
39,546
Disposals
(24,000)
-
-
(24,000)
At 31 May 2023
20,352
93,195
32,657
146,204
At 1 June 2022
30,472
46,508
19,369
96,349
Charge for the year
1,572
11,672
3,323
16,567
On disposals
(16,406)
-
-
(16,406)
At 31 May 2023
15,638
58,180
22,692
96,510
At 31 May 2023
4,714
35,015
9,965
49,694
At 31 May 2022
13,880
14,187
6,242
34,309
Ripley Building Plastics Ltd
Notes to the Accounts
for the year ended 31 May 2023
5
Investments
Subsidiary undertakings
Valuation at 1 June 2022
1,300
Valuation at 31 May 2023
1,300
Amounts falling due within one year
Trade debtors
479,035
583,560
Amounts due from group undertakings etc.
93,669
268,239
Accrued income and prepayments
45,494
40,656
Other debtors
50,780
50,516
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
42,890
Trade creditors
353,811
358,823
Taxes and social security
111,386
116,824
8
Average number of employees
During the year the average number of employees was 8 (2022: 12).