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Company Registration No. 14143698 (England and Wales)
Ritcher Air Ltd Unaudited accounts for the year ended 31 May 2023
Ritcher Air Ltd Unaudited accounts Contents
Page
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Ritcher Air Ltd Company Information for the year ended 31 May 2023
Directors
Charles Ritcher Abigal Norris
Company Number
14143698 (England and Wales)
Registered Office
71/75 Shelton Street Covent Garden London WC2H 9JQ united Kingdom
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Ritcher Air Ltd Statement of financial position as at 31 May 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
5,677 
Current assets
Debtors
94,795 
Cash at bank and in hand
42,203 
136,998 
Creditors: amounts falling due within one year
(58,609)
Net current assets
78,389 
Net assets
84,066 
Capital and reserves
Called up share capital
100 
Profit and loss account
83,966 
Shareholders' funds
84,066 
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 11 November 2023 and were signed on its behalf by
Charles Ritcher Director Company Registration No. 14143698
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Ritcher Air Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Ritcher Air Ltd is a private company, limited by shares, registered in England and Wales, registration number 14143698. The registered office is 71/75 Shelton Street, Covent Garden, London, WC2H 9JQ, united Kingdom.
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.
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:
Plant & machinery
25%
Motor vehicles
25%
Computer equipment
25%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Ritcher Air Ltd Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
- 
- 
- 
- 
Additions
1,854 
5,000 
715 
7,569 
At 31 May 2023
1,854 
5,000 
715 
7,569 
Depreciation
Charge for the year
463 
1,250 
179 
1,892 
At 31 May 2023
463 
1,250 
179 
1,892 
Net book value
At 31 May 2023
1,391 
3,750 
536 
5,677 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
10,601 
Trade debtors
54,905 
Other debtors
29,289 
94,795 
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
684 
Taxes and social security
18,865 
Other creditors
2,095 
Loans from directors
35,765 
Accruals
1,200 
58,609 
7
Average number of employees
During the year the average number of employees was 1.
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