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REGISTERED NUMBER: 00613099















Financial Statements for the Year Ended 31 October 2023

for

F.J.Ratchford Limited

F.J.Ratchford Limited (Registered number: 00613099)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


F.J.Ratchford Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: J P Ratchford
N S Ratchford
Mrs V A Lipman
Mrs G J Ratchford
M S Ratchford





SECRETARY: N S Ratchford





REGISTERED OFFICE: Kennedy Way
Green Lane
Stockport
Cheshire
SK4 2JX





REGISTERED NUMBER: 00613099





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

F.J.Ratchford Limited (Registered number: 00613099)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,701 227,001
Investments 5 9,997 9,997
238,698 236,998

CURRENT ASSETS
Stocks 121,801 88,498
Debtors 1,194,646 928,184
Cash at bank and in hand 394,997 584,839
1,711,444 1,601,521
CREDITORS
Amounts falling due within one year 444,463 411,031
NET CURRENT ASSETS 1,266,981 1,190,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,505,679

1,427,488

PROVISIONS FOR LIABILITIES 18,427 18,104
NET ASSETS 1,487,252 1,409,384

F.J.Ratchford Limited (Registered number: 00613099)

Abridged Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 7 30,003 30,003
Undistributable Revaluation
Reserves 8 63,894 63,894
Undistributable Special
Reserve 3,040 3,040
Retained earnings 1,390,315 1,312,447
SHAREHOLDERS' FUNDS 1,487,252 1,409,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





M S Ratchford - Director


F.J.Ratchford Limited (Registered number: 00613099)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

F.J.Ratchford Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Due to the estimated residual value of the building the depreciation charge of freehold property is nil.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

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 Statement of Income and Retained Earnings, 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.


F.J.Ratchford Limited (Registered number: 00613099)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

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 contributes to defined contributions pension schemes. Contributions payable to the nominated workplace pension schemes are charged to profit or loss in the period to which they relate.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

F.J.Ratchford Limited (Registered number: 00613099)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 November 2022 364,581
Additions 4,823
Disposals (11,737 )
At 31 October 2023 357,667
DEPRECIATION
At 1 November 2022 137,580
Charge for year 3,038
Eliminated on disposal (11,652 )
At 31 October 2023 128,966
NET BOOK VALUE
At 31 October 2023 228,701
At 31 October 2022 227,001

The freehold land and buildings situated at Kennedy Way, Green Lane, Stockport were last valued, on an open market basis, was on the 11th June 1998. The historical cost is £121,119.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2022
and 31 October 2023 9,997
NET BOOK VALUE
At 31 October 2023 9,997
At 31 October 2022 9,997

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
Within one year 3,753 1,323
Between one and five years 9,829 4,998
13,582 6,321

F.J.Ratchford Limited (Registered number: 00613099)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
30,000 Ordinary £1 30,000 30,000
1 Ordinary Type A non-voting £1 1 1
1 Ordinary Type B non-voting £1 1 1
1 Ordinary Type C non-voting £1 1 1
30,003 30,003

The Ordinary non-voting shares are entitled to dividends at the discretion of the directors and the shares do not carry any voting rights. On return of assets on liquidation the assets shall be applied to holders of the Ordinary non-voting shares in priority to the other equity interests, to satisfy the subscription price paid. The shares will not participate with other equity interests in the distribution of the balance of the assets.

8. RESERVES
Undistributable
Revaluation
Reserves
£   
At 1 November 2022
and 31 October 2023 63,894

9. RELATED PARTY DISCLOSURES

Debtors includes an amount of £1,034,592 (2022: £776,516) due from Tradewinds International Ltd, a company in which Mr J P Ratchford is a director.

The ultimate controlling party is J P Ratchford.