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Company Registration No. 7245107 (England and Wales)
Ricky Payne Ltd Unaudited accounts for the year ended 31 May 2023
Ricky Payne Ltd Unaudited accounts Contents
Page
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Ricky Payne Ltd Company Information for the year ended 31 May 2023
Director
Ricky Payne
Company Number
7245107 (England and Wales)
Registered Office
19 QUEENSBRIDGE ROAD LONDON E8 4QE
Accountants
David Meyer FCCA 2 Downage London NW4 1AA
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Ricky Payne Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
44,658 
12,649 
Current assets
Debtors
5,479 
3,197 
Cash at bank and in hand
46,922 
63,833 
52,401 
67,030 
Creditors: amounts falling due within one year
(57,280)
(39,172)
Net current (liabilities)/assets
(4,879)
27,858 
Total assets less current liabilities
39,779 
40,507 
Creditors: amounts falling due after more than one year
(10,908)
(15,692)
Net assets
28,871 
24,815 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
28,771 
24,715 
Shareholders' funds
28,871 
24,815 
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 director acknowledges his 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 and authorised for issue on 7 February 2024 and were signed on its behalf by
Ricky Payne Director Company Registration No. 7245107
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Ricky Payne Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Ricky Payne Ltd is a private company, limited by shares, registered in England and Wales, registration number 7245107. The registered office is 19 QUEENSBRIDGE ROAD, LONDON, E8 4QE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
25,425 
9,000 
34,425 
Additions
1,148 
47,350 
48,498 
Disposals
- 
(9,000)
(9,000)
At 31 May 2023
26,573 
47,350 
73,923 
Depreciation
At 1 June 2022
14,378 
7,398 
21,776 
Charge for the year
3,049 
11,838 
14,887 
On disposals
- 
(7,398)
(7,398)
At 31 May 2023
17,427 
11,838 
29,265 
Net book value
At 31 May 2023
9,146 
35,512 
44,658 
At 31 May 2022
11,047 
1,602 
12,649 
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Ricky Payne Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,862 
2,580 
Accrued income and prepayments
617 
617 
5,479 
3,197 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
VAT
3,038 
2,125 
Obligations under finance leases and hire purchase contracts
7,368 
- 
Taxes and social security
19,432 
31,595 
Loans from directors
22,442 
452 
57,280 
39,172 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,908 
15,692 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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