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Registered Number: 08933184
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2023

for

RIDGEWAY IT LIMITED

 
 
Notes
 
31/03/2023
£
  31/03/2022
£
Fixed assets      
Tangible fixed assets 3 7,723    4,053 
7,723    4,053 
Current assets      
Debtors 147,008    104,496 
Cash at bank and in hand 212,768    213,966 
359,776    318,462 
Creditors: amount falling due within one year (117,935)   (115,942)
Net current assets 241,841    202,520 
 
Total assets less current liabilities 249,564    206,573 
Net assets 249,564    206,573 
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account 249,563    206,572 
Shareholder's funds 249,564    206,573 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 02 October 2023 and were signed on its behalf by:


-------------------------------
Tom Douglas
Director
1
General Information
Ridgeway It Limited is a private company, limited by shares, registered in England and Wales, registration number 08933184, registration address Harwell Innovation Centre, Curie Avenue, Harwell, Oxfordshire, OX11 0QG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 3 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2022   16,144    16,144 
Additions 5,077    2,397    7,474 
Disposals    
At 31 March 2023 5,077    18,541    23,618 
Depreciation
At 01 April 2022   12,091    12,091 
Charge for year 1,269    2,535    3,804 
On disposals    
At 31 March 2023 1,269    14,626    15,895 
Net book values
Closing balance as at 31 March 2023 3,808    3,915    7,723 
Opening balance as at 01 April 2022   4,053    4,053 


4.

Share Capital

Allotted, called up and fully paid
31/03/2023
£
  31/03/2022
£
100 Ordinary shares of £0.01 each  
 

2