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Company Registration No. 12264393 (England and Wales)
The Ring Company (UK) Ltd Unaudited accounts for the year ended 31 October 2023
The Ring Company (UK) Ltd Unaudited accounts Contents
Page
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The Ring Company (UK) Ltd Company Information for the year ended 31 October 2023
Director
Darron Terry
Company Number
12264393 (England and Wales)
Registered Office
W R STUDIO 19A HOPEWELL BUSINESS CENTRE 105 HOPEWELL DRIVE CHATHAM KENT ME5 7DX ENGLAND
Accountants
Track Accountancy Ltd 2 New rents Upper floors Ashford Kent TN23 1JH
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The Ring Company (UK) Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
10,960 
15,960 
Cash at bank and in hand
16,030 
6,880 
26,990 
22,840 
Creditors: amounts falling due within one year
(11)
- 
Net current assets
26,979 
22,840 
Total assets less current liabilities
26,979 
22,840 
Creditors: amounts falling due after more than one year
(26,300)
(28,940)
Net assets/(liabilities)
679 
(6,100)
Capital and reserves
Capital redemption reserve
(6,100)
(9,072)
Profit and loss account
6,779 
2,972 
Shareholders' funds
679 
(6,100)
For the year ending 31 October 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 3 April 2024 and were signed on its behalf by
Darron Terry Director Company Registration No. 12264393
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The Ring Company (UK) Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
The Ring Company (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 12264393. The registered office is W R STUDIO 19A HOPEWELL BUSINESS CENTRE, 105 HOPEWELL DRIVE, CHATHAM, KENT, ME5 7DX, ENGLAND.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
10,960 
15,960 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
11 
- 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,300 
18,940 
Loans from directors
10,000 
10,000 
26,300 
28,940 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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