RIDLEY SERVICES LTD
Statement of financial position
as at 29 February 2024
Tangible assets
1,925
2,348
Cash at bank and in hand
161
281
Creditors: amounts falling due within one year
(365)
(4,823)
Net current assets
16,957
18,344
Total assets less current liabilities
18,882
20,692
Creditors: amounts falling due after more than one year
(18,598)
(22,067)
Net assets/(liabilities)
284
(1,375)
Called up share capital
1
1
Profit and loss account
283
(1,376)
Shareholders' funds
284
(1,375)
For the year ending 29 February 2024 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 5 March 2024 and were signed on its behalf by
ANTONY NDUNGU
Director
Company Registration No. 11199173
RIDLEY SERVICES LTD
Notes to the Accounts
for the year ended 29 February 2024
RIDLEY SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 11199173. The registered office is 63 WESTFIELD ROAD, DUNSTABLE, BEDFORDSHIRE, LU6 1DN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Reducing Balance Method
Motor vehicles
Reducing Balance Method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
3,000
3,500
6,500
At 29 February 2024
3,000
3,500
6,500
At 1 March 2023
1,839
2,313
4,152
Charge for the year
209
214
423
At 29 February 2024
2,048
2,527
4,575
At 29 February 2024
952
973
1,925
At 28 February 2023
1,161
1,187
2,348
Amounts falling due within one year
Other debtors
17,161
22,886
RIDLEY SERVICES LTD
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
42
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).