2023-04-012024-03-312024-03-31false09369643THE RINGMER VILLAGE BAKERY LTD2024-08-0847240iso4217:GBPxbrli:pure093696432023-04-01093696432024-03-31093696432023-04-012024-03-31093696432022-04-01093696432023-03-31093696432022-04-012023-03-3109369643bus:SmallEntities2023-04-012024-03-3109369643bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3109369643bus:FullAccounts2023-04-012024-03-3109369643bus:PrivateLimitedCompanyLtd2023-04-012024-03-3109369643core:WithinOneYear2024-03-3109369643core:AfterOneYear2024-03-3109369643core:WithinOneYear2023-03-3109369643core:AfterOneYear2023-03-3109369643core:ShareCapital2024-03-3109369643core:SharePremium2024-03-3109369643core:RevaluationReserve2024-03-3109369643core:OtherReservesSubtotal2024-03-3109369643core:RetainedEarningsAccumulatedLosses2024-03-3109369643core:ShareCapital2023-03-3109369643core:SharePremium2023-03-3109369643core:RevaluationReserve2023-03-3109369643core:OtherReservesSubtotal2023-03-3109369643core:RetainedEarningsAccumulatedLosses2023-03-3109369643core:LandBuildings2024-03-3109369643core:PlantMachinery2024-03-3109369643core:Vehicles2024-03-3109369643core:FurnitureFittings2024-03-3109369643core:OfficeEquipment2024-03-3109369643core:NetGoodwill2024-03-3109369643core:IntangibleAssetsOtherThanGoodwill2024-03-3109369643core:ListedExchangeTraded2024-03-3109369643core:UnlistedNon-exchangeTraded2024-03-3109369643core:LandBuildings2023-03-3109369643core:PlantMachinery2023-03-3109369643core:Vehicles2023-03-3109369643core:FurnitureFittings2023-03-3109369643core:OfficeEquipment2023-03-3109369643core:NetGoodwill2023-03-3109369643core:IntangibleAssetsOtherThanGoodwill2023-03-3109369643core:ListedExchangeTraded2023-03-3109369643core:UnlistedNon-exchangeTraded2023-03-3109369643core:LandBuildings2023-04-012024-03-3109369643core:PlantMachinery2023-04-012024-03-3109369643core:Vehicles2023-04-012024-03-3109369643core:FurnitureFittings2023-04-012024-03-3109369643core:OfficeEquipment2023-04-012024-03-3109369643core:NetGoodwill2023-04-012024-03-3109369643core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109369643core:ListedExchangeTraded2023-04-012024-03-3109369643core:UnlistedNon-exchangeTraded2023-04-012024-03-3109369643core:MoreThanFiveYears2023-04-012024-03-3109369643core:Non-currentFinancialInstruments2024-03-3109369643core:Non-currentFinancialInstruments2023-03-3109369643dpl:CostSales2023-04-012024-03-3109369643dpl:DistributionCosts2023-04-012024-03-3109369643core:LandBuildings2023-04-012024-03-3109369643core:PlantMachinery2023-04-012024-03-3109369643core:Vehicles2023-04-012024-03-3109369643core:FurnitureFittings2023-04-012024-03-3109369643core:OfficeEquipment2023-04-012024-03-3109369643dpl:AdministrativeExpenses2023-04-012024-03-3109369643core:NetGoodwill2023-04-012024-03-3109369643core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109369643dpl:GroupUndertakings2023-04-012024-03-3109369643dpl:ParticipatingInterests2023-04-012024-03-3109369643dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3109369643core:ListedExchangeTraded2023-04-012024-03-3109369643dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3109369643core:UnlistedNon-exchangeTraded2023-04-012024-03-3109369643dpl:CostSales2022-04-012023-03-3109369643dpl:DistributionCosts2022-04-012023-03-3109369643core:LandBuildings2022-04-012023-03-3109369643core:PlantMachinery2022-04-012023-03-3109369643core:Vehicles2022-04-012023-03-3109369643core:FurnitureFittings2022-04-012023-03-3109369643core:OfficeEquipment2022-04-012023-03-3109369643dpl:AdministrativeExpenses2022-04-012023-03-3109369643core:NetGoodwill2022-04-012023-03-3109369643core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109369643dpl:GroupUndertakings2022-04-012023-03-3109369643dpl:ParticipatingInterests2022-04-012023-03-3109369643dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3109369643core:ListedExchangeTraded2022-04-012023-03-3109369643dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3109369643core:UnlistedNon-exchangeTraded2022-04-012023-03-3109369643core:NetGoodwill2024-03-3109369643core:IntangibleAssetsOtherThanGoodwill2024-03-3109369643core:LandBuildings2024-03-3109369643core:PlantMachinery2024-03-3109369643core:Vehicles2024-03-3109369643core:FurnitureFittings2024-03-3109369643core:OfficeEquipment2024-03-3109369643core:AfterOneYear2024-03-3109369643core:WithinOneYear2024-03-3109369643core:ListedExchangeTraded2024-03-3109369643core:UnlistedNon-exchangeTraded2024-03-3109369643core:ShareCapital2024-03-3109369643core:SharePremium2024-03-3109369643core:RevaluationReserve2024-03-3109369643core:OtherReservesSubtotal2024-03-3109369643core:RetainedEarningsAccumulatedLosses2024-03-3109369643core:NetGoodwill2023-03-3109369643core:IntangibleAssetsOtherThanGoodwill2023-03-3109369643core:LandBuildings2023-03-3109369643core:PlantMachinery2023-03-3109369643core:Vehicles2023-03-3109369643core:FurnitureFittings2023-03-3109369643core:OfficeEquipment2023-03-3109369643core:AfterOneYear2023-03-3109369643core:WithinOneYear2023-03-3109369643core:ListedExc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THE RINGMER VILLAGE BAKERY LTD

Registered Number
09369643
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

THE RINGMER VILLAGE BAKERY LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

GILLING, Dominick Anthony

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

09369643 (England and Wales)
THE RINGMER VILLAGE BAKERY LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,3668,747
8,3668,747
Current assets
Stocks4950950
Debtors57,85527,589
Cash at bank and on hand95,45693,260
104,261121,799
Creditors amounts falling due within one year6(44,034)(31,626)
Net current assets (liabilities)60,22790,173
Total assets less current liabilities68,59398,920
Net assets68,59398,920
Capital and reserves
Called up share capital100100
Profit and loss account68,49398,820
Shareholders' funds68,59398,920
The financial statements were approved and authorised for issue by the Director on 8 August 2024, and are signed on its behalf by:
GILLING, Dominick Anthony
Director
Registered Company No. 09369643
THE RINGMER VILLAGE BAKERY LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined benefit pension plan
The company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan. The liability recognised in the balance sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the reporting date less the fair value of the plan assets at the reporting date. The defined benefit obligation is calculated using the projected unit credit method. Annually the group engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating the estimated period of the future payments('discount rate'). The fair value of plan assets is measured in accordance with the FRS 102 fair value hierarchy and in accordance with the group's policy for similarly held assets. This includes the use of appropriate valuation techniques. Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'remeasurement of net defined benefit liability'. The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises: the increase in pension benefit liability arising from employee service during the period; and the cost of plan introductions, benefit changes, curtailments and settlements.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Office Equipment20
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year99
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 April 2331,36011,78143,141
Additions1,4272831,710
At 31 March 2432,78712,06444,851
Depreciation and impairment
At 01 April 2324,6499,74534,394
Charge for year1,6284632,091
At 31 March 2426,27710,20836,485
Net book value
At 31 March 246,5101,8568,366
At 31 March 236,7112,0368,747
4.Stocks

2024

2023

££
Raw materials and consumables950950
Total950950
5.Debtors: amounts due within one year

2024

2023

££
Other debtors2,63127,589
Prepayments and accrued income5,224-
Total7,85527,589
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,865529
Taxation and social security35,78428,173
Other creditors1,4184
Accrued liabilities and deferred income1,9672,920
Total44,03431,626