Company Registration No. 03246234 (England and Wales)
A Riddiough & Son Ltd
Unaudited accounts
for the year ended 30 November 2023
A Riddiough & Son Ltd
Unaudited accounts
Contents
A Riddiough & Son Ltd
Company Information
for the year ended 30 November 2023
Secretary
Mrs JR Riddiough
Company Number
03246234 (England and Wales)
Registered Office
42B Main Street
Cross Hills
Keighley
West Yorkshire
BD20 8TQ
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
A Riddiough & Son Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
40,047
21,323
Cash at bank and in hand
65,022
151,822
Creditors: amounts falling due within one year
726
(16,757)
Net current assets
90,052
157,385
Total assets less current liabilities
130,099
178,708
Provisions for liabilities
Deferred tax
(7,609)
(3,887)
Net assets
122,490
174,821
Called up share capital
500
500
Profit and loss account
121,990
174,321
Shareholders' funds
122,490
174,821
For the year ending 30 November 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
JB Riddiough
Director
Company Registration No. 03246234
A Riddiough & Son Ltd
Notes to the Accounts
for the year ended 30 November 2023
A Riddiough & Son Ltd is a private company, limited by shares, registered in England and Wales, registration number 03246234. The registered office is 42B Main Street, Cross Hills, Keighley, West Yorkshire, BD20 8TQ.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
15% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
A Riddiough & Son Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
15,243
61,015
76,258
Disposals
-
(28,405)
(28,405)
At 30 November 2023
15,243
62,610
77,853
At 1 December 2022
14,592
40,343
54,935
Charge for the year
98
5,796
5,894
On disposals
-
(23,023)
(23,023)
At 30 November 2023
14,690
23,116
37,806
At 30 November 2023
553
39,494
40,047
At 30 November 2022
651
20,672
21,323
Amounts falling due within one year
Trade debtors
21,631
20,684
Accrued income and prepayments
617
1,181
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
6,066
3,401
Taxes and social security
(6,825)
12,951
Loans from directors
33
303
7
Average number of employees
During the year the average number of employees was 2 (2022: 3).