IRIS Accounts Production v23.4.0.336 04323652 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043236522022-12-31043236522023-12-31043236522023-01-012023-12-31043236522021-12-31043236522022-01-012022-12-31043236522022-12-3104323652ns15:EnglandWales2023-01-012023-12-3104323652ns14:PoundSterling2023-01-012023-12-3104323652ns10:Director12023-01-012023-12-3104323652ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104323652ns10:SmallEntities2023-01-012023-12-3104323652ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3104323652ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104323652ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104323652ns10:FullAccounts2023-01-012023-12-3104323652ns10:Director22023-01-012023-12-3104323652ns10:CompanySecretary12023-01-012023-12-3104323652ns10:RegisteredOffice2023-01-012023-12-3104323652ns5:CurrentFinancialInstruments2023-12-3104323652ns5:CurrentFinancialInstruments2022-12-3104323652ns5:Non-currentFinancialInstruments2023-12-3104323652ns5:Non-currentFinancialInstruments2022-12-3104323652ns5:ShareCapital2023-12-3104323652ns5:ShareCapital2022-12-3104323652ns5:RetainedEarningsAccumulatedLosses2023-12-3104323652ns5:RetainedEarningsAccumulatedLosses2022-12-3104323652ns5:PlantMachinery2023-01-012023-12-3104323652ns5:FurnitureFittings2023-01-012023-12-3104323652ns5:MotorVehicles2023-01-012023-12-3104323652ns5:PlantMachinery2022-12-3104323652ns5:FurnitureFittings2022-12-3104323652ns5:MotorVehicles2022-12-3104323652ns5:PlantMachinery2023-12-3104323652ns5:FurnitureFittings2023-12-3104323652ns5:MotorVehicles2023-12-3104323652ns5:PlantMachinery2022-12-3104323652ns5:FurnitureFittings2022-12-3104323652ns5:MotorVehicles2022-12-3104323652ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3104323652ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3104323652ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3104323652ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3104323652ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104323652ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104323652ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3104323652ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-31

























REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RANGER EQUIPMENT LTD

RANGER EQUIPMENT LTD (REGISTERED NUMBER: 04323652)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

RANGER EQUIPMENT LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: S P Hadfield
A J Hadfield





SECRETARY: Mrs A J Hadfield





REGISTERED OFFICE: Unit P2 McGregors Way
Turnoaks Business Park
Chesterfield
Derbyshire
S40 2WB





REGISTERED NUMBER: 04323652 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

RANGER EQUIPMENT LTD (REGISTERED NUMBER: 04323652)

REPORT OF THE DIRECTORS
for the year ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of sale of machines and equipment.

DIRECTORS
S P Hadfield has held office during the whole of the period from 1 January 2023 to the date of this report.

Other changes in directors holding office are as follows:

A J Hadfield - appointed 1 February 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S P Hadfield - Director


29 February 2024

RANGER EQUIPMENT LTD (REGISTERED NUMBER: 04323652)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 169,253 160,854

CURRENT ASSETS
Stocks 1,302,048 845,794
Debtors 6 44,242 62,809
Cash at bank 522,173 536,301
1,868,463 1,444,904
CREDITORS
Amounts falling due within one year 7 604,826 378,440
NET CURRENT ASSETS 1,263,637 1,066,464
TOTAL ASSETS LESS CURRENT LIABILITIES 1,432,890 1,227,318

CREDITORS
Amounts falling due after more than one year 8 (75,874 ) (133,182 )

PROVISIONS FOR LIABILITIES (36,358 ) (37,090 )
NET ASSETS 1,320,658 1,057,046

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Retained earnings 1,310,558 1,046,946
SHAREHOLDERS' FUNDS 1,320,658 1,057,046

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

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

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 29 February 2024 and were signed on its behalf by:



S P Hadfield - Director


RANGER EQUIPMENT LTD (REGISTERED NUMBER: 04323652)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Ranger Equipment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

RANGER EQUIPMENT LTD (REGISTERED NUMBER: 04323652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 27,672 25,463 183,602 236,737
Additions 11,533 - 84,584 96,117
Disposals (4,485 ) - (56,814 ) (61,299 )
At 31 December 2023 34,720 25,463 211,372 271,555
DEPRECIATION
At 1 January 2023 2,646 21,730 51,507 75,883
Charge for year 4,063 1,798 40,469 46,330
Eliminated on disposal (1,052 ) - (18,859 ) (19,911 )
At 31 December 2023 5,657 23,528 73,117 102,302
NET BOOK VALUE
At 31 December 2023 29,063 1,935 138,255 169,253
At 31 December 2022 25,026 3,733 132,095 160,854

RANGER EQUIPMENT LTD (REGISTERED NUMBER: 04323652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 139,612
Additions 70,034
Disposals (30,824 )
At 31 December 2023 178,822
DEPRECIATION
At 1 January 2023 46,466
Charge for year 28,988
Eliminated on disposal (13,546 )
At 31 December 2023 61,908
NET BOOK VALUE
At 31 December 2023 116,914
At 31 December 2022 93,146

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 32,097 58,037
Prepayments 12,145 4,772
44,242 62,809

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans 54,707 50,000
Hire purchase contracts 230,534 38,591
Trade creditors 37,624 35,026
Tax 106,703 69,998
Social security and other taxes 4,124 5,489
VAT 150,289 156,206
Other creditors 19,732 14,113
Directors' current accounts 431 2,431
Accrued expenses 682 6,586
604,826 378,440

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans - 1-2 years 29,119 54,707
Other loans - 2-5 years - 29,119
Hire purchase contracts 46,755 49,356
75,874 133,182

RANGER EQUIPMENT LTD (REGISTERED NUMBER: 04323652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 277,289 87,947

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RANGER EQUIPMENT LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ranger Equipment Ltd for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Ranger Equipment Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ranger Equipment Ltd and state those matters that we have agreed to state to the Board of Directors of Ranger Equipment Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ranger Equipment Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ranger Equipment Ltd. You consider that Ranger Equipment Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ranger Equipment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


Date: .............................................