2022-03-012023-02-282023-02-28false12447517RIBTON LIMITED2023-11-24iso4217:GBPxbrli:pure124475172022-03-01124475172023-02-28124475172022-03-012023-02-28124475172021-03-01124475172022-02-28124475172021-03-012022-02-2812447517bus:SmallEntities2022-03-012023-02-2812447517bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2812447517bus:AbridgedAccounts2022-03-012023-02-2812447517bus:PrivateLimitedCompanyLtd2022-03-012023-02-2812447517core:WithinOneYear2023-02-2812447517core:AfterOneYear2023-02-2812447517core:WithinOneYear2022-02-2812447517core:AfterOneYear2022-02-2812447517core:ShareCapital2023-02-2812447517core:SharePremium2023-02-2812447517core:RevaluationReserve2023-02-2812447517core:OtherReservesSubtotal2023-02-2812447517core:RetainedEarningsAccumulatedLosses2023-02-2812447517core:ShareCapital2022-02-2812447517core:SharePremium2022-02-2812447517core:RevaluationReserve2022-02-2812447517core:OtherReservesSubtotal2022-02-2812447517core:RetainedEarningsAccumulatedLosses2022-02-2812447517core:LandBuildings2023-02-2812447517core:PlantMachinery2023-02-2812447517core:Vehicles2023-02-2812447517core:FurnitureFittings2023-02-2812447517core:OfficeEquipment2023-02-2812447517core:NetGoodwill2023-02-2812447517core:IntangibleAssetsOtherThanGoodwill2023-02-2812447517core:ListedExchangeTraded2023-02-2812447517core:UnlistedNon-exchangeTraded2023-02-2812447517core:LandBuildings2022-02-2812447517core:PlantMachinery2022-02-2812447517core:Vehicles2022-02-2812447517core:FurnitureFittings2022-02-2812447517core:OfficeEquipment2022-02-2812447517core:NetGoodwill2022-02-2812447517core:IntangibleAssetsOtherThanGoodwill2022-02-2812447517core:ListedExchangeTraded2022-02-2812447517core:UnlistedNon-exchangeTraded2022-02-2812447517core:LandBuildings2022-03-012023-02-2812447517core:PlantMachinery2022-03-012023-02-2812447517core:Vehicles2022-03-012023-02-2812447517core:FurnitureFittings2022-03-012023-02-2812447517core:OfficeEquipment2022-03-012023-02-2812447517core:NetGoodwill2022-03-012023-02-2812447517core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2812447517core:ListedExchangeTraded2022-03-012023-02-2812447517core:UnlistedNon-exchangeTraded2022-03-012023-02-2812447517core:MoreThanFiveYears2022-03-012023-02-2812447517core:Non-currentFinancialInstruments2023-02-2812447517core:Non-currentFinancialInstruments2022-02-2812447517dpl:CostSales2022-03-012023-02-2812447517dpl:DistributionCosts2022-03-012023-02-2812447517core:LandBuildings2022-03-012023-02-2812447517core:PlantMachinery2022-03-012023-02-2812447517core:Vehicles2022-03-012023-02-2812447517core:FurnitureFittings2022-03-012023-02-2812447517core:OfficeEquipment2022-03-012023-02-2812447517dpl:AdministrativeExpenses2022-03-012023-02-2812447517core:NetGoodwill2022-03-012023-02-2812447517core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2812447517dpl:GroupUndertakings2022-03-012023-02-2812447517dpl:ParticipatingInterests2022-03-012023-02-2812447517dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2812447517core:ListedExchangeTraded2022-03-012023-02-2812447517dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2812447517core:UnlistedNon-exchangeTraded2022-03-012023-02-2812447517dpl:CostSales2021-03-012022-02-2812447517dpl:DistributionCosts2021-03-012022-02-2812447517core:LandBuildings2021-03-012022-02-2812447517core:PlantMachinery2021-03-012022-02-2812447517core:Vehicles2021-03-012022-02-2812447517core:FurnitureFittings2021-03-012022-02-2812447517core:OfficeEquipment2021-03-012022-02-2812447517dpl:AdministrativeExpenses2021-03-012022-02-2812447517core:NetGoodwill2021-03-012022-02-2812447517core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2812447517dpl:GroupUndertakings2021-03-012022-02-2812447517dpl:ParticipatingInterests2021-03-012022-02-2812447517dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2812447517core:ListedExchangeTraded2021-03-012022-02-2812447517dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2812447517core:UnlistedNon-exchangeTraded2021-03-012022-02-2812447517core:NetGoodwill2023-02-2812447517core:IntangibleAssetsOtherThanGoodwill2023-02-2812447517core:LandBuildings2023-02-2812447517core:PlantMachinery2023-02-2812447517core:Vehicles2023-02-2812447517core:FurnitureFittings2023-02-2812447517core:OfficeEquipment2023-02-2812447517core:AfterOneYear2023-02-2812447517core:WithinOneYear2023-02-2812447517core:ListedExchangeTraded2023-02-2812447517core:UnlistedNon-exchangeTraded2023-02-2812447517core:ShareCapital2023-02-2812447517core:SharePremium2023-02-2812447517core:RevaluationReserve2023-02-2812447517core:OtherReservesSubtotal2023-02-2812447517core:RetainedEarningsAccumulatedLosses2023-02-2812447517core:NetGoodwill2022-02-2812447517core:IntangibleAssetsOtherThanGoodwill2022-02-2812447517core:LandBuildings2022-02-2812447517core:PlantMachinery2022-02-2812447517core:Vehicles2022-02-2812447517core:FurnitureFittings2022-02-2812447517core:OfficeEquipment2022-02-2812447517core:AfterOneYear2022-02-2812447517core:WithinOneYear2022-02-2812447517core:Listed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RIBTON LIMITED

Registered Number
12447517
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

RIBTON LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

RIBTON, Patricia Ann
RIBTON, Stephen Phillip

Registered Address

Flat 6 York Close
York House
Southampton
SO14 5RS

Registered Number

12447517 (England and Wales)
RIBTON LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6552-
552-
Current assets
Stocks5,1278,056
Debtors6,149148
Cash at bank and on hand15,7601,819
27,03610,023
Creditors amounts falling due within one year(34,271)(25,027)
Net current assets (liabilities)(7,235)(15,004)
Total assets less current liabilities(6,683)(15,004)
Net assets(6,683)(15,004)
Capital and reserves
Called up share capital22
Profit and loss account(6,685)(15,006)
Shareholders' funds(6,683)(15,004)
The financial statements were approved and authorised for issue by the Board of Directors on 24 November 2023, and are signed on its behalf by:
RIBTON, Patricia Ann
Director
RIBTON, Stephen Phillip
Director

Registered Company No. 12447517
RIBTON LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
Public House
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
The major part of the company's working capital requirements are provided by the director which is repayable on demand. Director has indicated that he will not demand repayment; however no formal agreement is in place. Support has been provided by a loan from a director who has indicated that this support will continue for the foreseeable future. The director, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. To bolster the working capital reserves the director has secured new overdraft facilities with their bank, this will be provided on a rolling basis and reviewed by the directors and bank every 24 months.
5.Employee information

20232022
Average number of employees during the year55
6.Property, plant and equipment

Total

£
Cost or valuation
Additions736
At 28 February 23736
Depreciation and impairment
Charge for year184
At 28 February 23184
Net book value
At 28 February 23552
At 28 February 22-