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REGISTERED NUMBER: 05258033 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 October 2023

for

Ribble View Garage Limited

Ribble View Garage Limited (Registered number: 05258033)

Contents of the Financial Statements
for the Year Ended 30 October 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ribble View Garage Limited

Company Information
for the Year Ended 30 October 2023







DIRECTORS: Mr J G Barton
Mrs J L Barton





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
PRESTON
Lancs
PR2 3AE





REGISTERED NUMBER: 05258033 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Ribble View Garage Limited (Registered number: 05258033)

Statement of Financial Position
30 October 2023

30.10.23 30.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74 92

CURRENT ASSETS
Stocks 21,179 24,961
Debtors 5 85,131 75,696
Cash at bank 6,343 2,156
112,653 102,813
CREDITORS
Amounts falling due within one year 6 39,876 50,432
NET CURRENT ASSETS 72,777 52,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,851

52,473

PROVISIONS FOR LIABILITIES 19 17
NET ASSETS 72,832 52,456

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 72,830 52,454
SHAREHOLDERS' FUNDS 72,832 52,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Ribble View Garage Limited (Registered number: 05258033)

Statement of Financial Position - continued
30 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 23 August 2024 and were signed on its behalf by:





Mr J G Barton - Director


Ribble View Garage Limited (Registered number: 05258033)

Notes to the Financial Statements
for the Year Ended 30 October 2023


1. STATUTORY INFORMATION

Ribble View Garage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Ribble View Garage Limited (Registered number: 05258033)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 31 October 2022
and 30 October 2023 4,141 220 4,361
DEPRECIATION
At 31 October 2022 4,049 220 4,269
Charge for year 18 - 18
At 30 October 2023 4,067 220 4,287
NET BOOK VALUE
At 30 October 2023 74 - 74
At 30 October 2022 92 - 92

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Trade debtors 85,131 75,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Trade creditors 18,637 30,031
Tax 10,094 4,560
Social security and other taxes 1,052 654
Pension Creditor 357 294
VAT 7,280 8,669
Other creditors 110 100
Directors' loan accounts 1 3,779
Accruals and deferred income 2,345 2,345
39,876 50,432