IRIS Accounts Production v23.3.0.418 NI045901 Board of Directors Board of Directors 1.5.22 30.4.23 30.4.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0459012022-04-30NI0459012023-04-30NI0459012022-05-012023-04-30NI0459012021-04-30NI0459012021-05-012022-04-30NI0459012022-04-30NI045901ns10:Originalns15:NorthernIreland2022-05-012023-04-30NI045901ns14:PoundSterlingns10:Original2022-05-012023-04-30NI045901ns10:Originalns10:Director12022-05-012023-04-30NI045901ns10:Original2022-05-012023-04-30NI045901ns10:Originalns10:Director22022-05-012023-04-30NI045901ns10:Original2023-04-30NI045901ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-30NI045901ns10:Originalns10:SmallEntities2022-05-012023-04-30NI045901ns10:Originalns10:AuditExemptWithAccountantsReport2022-05-012023-04-30NI045901ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-30NI045901ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-30NI045901ns10:Originalns10:FullAccounts2022-05-012023-04-30NI045901ns10:Original12022-05-012023-04-30NI045901ns10:CompanySecretary1ns10:Original2022-05-012023-04-30NI045901ns10:Originalns10:RegisteredOffice2022-05-012023-04-30NI045901ns10:Original2022-04-30NI045901ns10:Originalns5:CurrentFinancialInstruments2023-04-30NI045901ns10:Originalns5:CurrentFinancialInstruments2022-04-30NI045901ns10:Originalns5:Non-currentFinancialInstruments2023-04-30NI045901ns10:Originalns5:Non-currentFinancialInstruments2022-04-30NI045901ns5:ShareCapitalns10:Original2023-04-30NI045901ns5:ShareCapitalns10:Original2022-04-30NI045901ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-30NI045901ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-30NI045901ns10:Originalns5:NetGoodwill2022-05-012023-04-30NI045901ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-05-012023-04-30NI045901ns10:Originalns5:LeaseholdImprovements2022-05-012023-04-30NI045901ns10:Originalns5:PlantMachinery2022-05-012023-04-30NI045901ns10:Original2021-05-012022-04-30NI045901ns10:Originalns5:NetGoodwill2022-04-30NI045901ns10:Originalns5:NetGoodwill2023-04-30NI045901ns10:Originalns5:NetGoodwill2022-04-30NI045901ns10:Originalns5:LeaseholdImprovements2022-04-30NI045901ns10:Originalns5:PlantMachinery2022-04-30NI045901ns10:Original2022-04-30NI045901ns10:Originalns5:LeaseholdImprovements2023-04-30NI045901ns10:Originalns5:PlantMachinery2023-04-30NI045901ns10:Originalns5:LeaseholdImprovements2022-04-30NI045901ns10:Originalns5:PlantMachinery2022-04-30NI045901ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30NI045901ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30
REGISTERED NUMBER: NI045901 (Northern Ireland)















RIDDELL ATVS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






RIDDELL ATVS LIMITED (REGISTERED NUMBER: NI045901)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


RIDDELL ATVS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Robert Riddell
Shirley Riddell



SECRETARY: Shirley Riddell



REGISTERED OFFICE: 107 Newtownsaville Road
OMAGH
Co. Tyrone
BT79 0BP



REGISTERED NUMBER: NI045901 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: AIB
2-4 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: AIB
The Diamond
Monaghan
IRELAND

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RIDDELL ATVS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 30 April 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


24 October 2023

RIDDELL ATVS LIMITED (REGISTERED NUMBER: NI045901)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,500
Tangible assets 5 46,820 53,735
46,820 61,235

CURRENT ASSETS
Stocks 576,090 531,786
Debtors 6 194,576 260,394
Cash at bank 484,322 325,466
1,254,988 1,117,646
CREDITORS
Amounts falling due within one year 7 94,687 95,770
NET CURRENT ASSETS 1,160,301 1,021,876
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,207,121

1,083,111

CREDITORS
Amounts falling due after more than one
year

8

(426

)

(218

)

PROVISIONS FOR LIABILITIES (11,676 ) (13,434 )
NET ASSETS 1,195,019 1,069,459

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,194,819 1,069,259
SHAREHOLDERS' FUNDS 1,195,019 1,069,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

RIDDELL ATVS LIMITED (REGISTERED NUMBER: NI045901)

BALANCE SHEET - continued
30 APRIL 2023


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 24 October 2023 and were signed on its behalf by:




Robert Riddell - Director



Shirley Riddell - Director


RIDDELL ATVS LIMITED (REGISTERED NUMBER: NI045901)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Riddell ATVS Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - 20% straight line
Plant & machinery - 10% straight line

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

RIDDELL ATVS LIMITED (REGISTERED NUMBER: NI045901)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 150,000
AMORTISATION
At 1 May 2022 142,500
Charge for year 7,500
At 30 April 2023 150,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 7,500

RIDDELL ATVS LIMITED (REGISTERED NUMBER: NI045901)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Plant &
property machinery Totals
£    £    £   
COST
At 1 May 2022 22,068 143,944 166,012
Additions - 1,950 1,950
At 30 April 2023 22,068 145,894 167,962
DEPRECIATION
At 1 May 2022 22,068 90,209 112,277
Charge for year - 8,865 8,865
At 30 April 2023 22,068 99,074 121,142
NET BOOK VALUE
At 30 April 2023 - 46,820 46,820
At 30 April 2022 - 53,735 53,735

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 149,939 140,402
Other debtors 44,637 119,992
194,576 260,394

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,934 4,792
Taxation and social security 81,918 84,185
Other creditors 6,835 6,793
94,687 95,770

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 426 218

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 426 218

RIDDELL ATVS LIMITED (REGISTERED NUMBER: NI045901)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. RELATED PARTY DISCLOSURES

At the start of the year, the company owed £218 to key management personnel. During the year an advance of £208 was made leaving £426 owed as at 30 April 2023. No interest is to be charged on the loan. At the balance sheet date, the loan is presented within creditors: amounts falling due after more than one year.

10. ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.