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Registered number: 02106192
Riseley Beds Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Davey Grover Ltd
Chartered Accountants
4 Fenice Court
Phoenix Business Park
St. Neots
Cambridgeshire
PE19 8EP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 02106192
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,377 20,985
17,377 20,985
CURRENT ASSETS
Debtors 5 17,403 7,613
Cash at bank and in hand 30,728 59,111
48,131 66,724
Creditors: Amounts Falling Due Within One Year 6 (26,680 ) (33,201 )
NET CURRENT ASSETS (LIABILITIES) 21,451 33,523
TOTAL ASSETS LESS CURRENT LIABILITIES 38,828 54,508
NET ASSETS 38,828 54,508
CAPITAL AND RESERVES
Called up share capital 7 60,000 60,000
Income Statement (21,172 ) (5,492 )
SHAREHOLDERS' FUNDS 38,828 54,508
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs L J Atkinson
Director
30 July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Riseley Beds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02106192 . The registered office is 4b Fenice Court Phoenix Business Park, Eaton Socon, St Neots, Cambs, PE19 8EP.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold By equal installments
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2022: 27)
28 27
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4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 280,970 18,300 210,952 3,622 513,844
As at 31 December 2023 280,970 18,300 210,952 3,622 513,844
Depreciation
As at 1 January 2023 280,967 15,948 192,959 2,985 492,859
Provided during the period - 589 2,700 319 3,608
As at 31 December 2023 280,967 16,537 195,659 3,304 496,467
Net Book Value
As at 31 December 2023 3 1,763 15,293 318 17,377
As at 1 January 2023 3 2,352 17,993 637 20,985
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,975 3,575
Other debtors 5,428 4,038
17,403 7,613
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,696 5,034
Other creditors 3,655 20,656
Taxation and social security 14,329 7,511
26,680 33,201
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 60,000 60,000
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8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 6,055 15,481
Later than one year and not later than five years 2,059 10,861
8,114 26,342
For the year ended 31 December 2023 £18,228 (2022 - £17,106) has been expensed in the income statement, in respect of the above operating leases.
9. Related Party Transactions
Rent of £28,000 per annum (2022 - £28,000) is payable to the directors of the company and a trust, of which Mrs H Constant is associated with.
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