REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 October 2023 |
for |
F.J.Ratchford Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
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 |
Undistributable Revaluation |
Reserves | 8 |
Undistributable Special |
Reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
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 |
Additions |
Disposals | ( |
) |
At 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
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 |
Between one and five years |
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: | £ | £ |
Ordinary | £1 | 30,000 | 30,000 |
Ordinary Type A non-voting | £1 | 1 | 1 |
Ordinary Type B non-voting | £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 |
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 |