Company registration number 14549583 (England and Wales)
Ridiculous Biz Ltd
Unaudited
financial statements
for the period ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Ridiculous Biz Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Ridiculous Biz Ltd
Statement of financial position
as at 31 December 2023
- 1 -
2023
Notes
£
£
Current assets
Cash at bank and in hand
2,007
Creditors: amounts falling due within one year
3
(2,845)
Net current liabilities
(838)
Capital and reserves
Called up share capital
4
100
Profit and loss reserves
(938)
Total equity
(838)
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 March 2024 and are signed on its behalf by:
J Paine
Director
Company registration number 14549583 (England and Wales)
Ridiculous Biz Ltd
Notes to the financial statements
for the period ended 31 December 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of services.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
2
3
Creditors: amounts falling due within one year
2023
£
Other creditors
1,405
Accruals and deferred income
1,440
2,845
Ridiculous Biz Ltd
Notes to the financial statements (continued)
for the period ended 31 December 2023
- 3 -
4
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary share class 1 of £1 each
50
50
Ordinary share class 2 of £1 each
50
50
100
100
5
Company information
Ridiculous Biz Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.