2023-01-01 02060093 2023-12-31 02060093 2023-01-01 2023-12-31 02060093 2022-12-31 02060093 2022-01-01 2022-12-31 02060093 uk-core:WithinOneYear 2022-12-31 02060093 uk-core:WithinOneYear 2023-12-31 02060093 uk-core:ShareCapital 2023-12-31 02060093 uk-core:ShareCapital 2022-12-31 02060093 uk-core:RevaluationReserve 2023-12-31 02060093 uk-core:RevaluationReserve 2022-12-31 02060093 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 02060093 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 02060093 uk-bus:Director1 2023-01-01 2023-12-31 02060093 uk-core:PlantMachinery 2023-01-01 2023-12-31 02060093 uk-core:ToolsEquipment 2023-01-01 2023-12-31 02060093 uk-core:CommercialMotorVehicles 2023-01-01 2023-12-31 02060093 uk-core:FurnitureFittings 2023-01-01 2023-12-31 02060093 uk-core:ToolsEquipment 2022-12-31 02060093 uk-core:FurnitureFittings 2022-12-31 02060093 uk-core:PlantMachinery 2022-12-31 02060093 uk-core:PlantMachinery 2023-12-31 02060093 uk-core:FurnitureFittings 2023-12-31 02060093 uk-core:ToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure 02060093 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02060093 uk-bus:FRS102 2023-01-01 2023-12-31 02060093 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 02060093 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Ridgeway Auto Services Limited
Registered Number:02060093
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Ridgeway Auto Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
02060093
As at 31 December 2023
Ridgeway Auto Services Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
12,590
11,056
2
12,590
11,056
Current assets
12,205
Cash and cash equivalents
15,778
15,778
12,205
Trade and other payables: amounts falling due within one year
(44,253)
(39,649)
3
(32,048)
(23,871)
Net current liabilities
Total assets less current liabilities
(11,281)
(20,992)
(11,281)
Net liabilities
(20,992)
Capital and reserves
Called up share capital
166,450
166,450
Revaluation reserve
7,390
7,390
4
Retained earnings
(185,121)
(194,832)
(11,281)
(20,992)
Shareholders' funds
For the year 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 members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Michael Westover Director
These financial statements were approved and authorised for issue by the Board on 28 August 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2023
Ridgeway Auto Services Limited
Notes to the Financial Statements
Statutory Information
Ridgeway Auto Services Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02060093.
Principal place of business:
Ridgeway Barton
Bredons Norton
Eckington Road, Tewkesbury
Gloucestershire
GL20 7EZ
Registered address:
40 High Street
Pershore
Worcestershire
WR10 1DP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Significant judgements and estimates
The principal accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
10% Reducing balance
33% Straight line
Computer equipment
20% Straight line
Motor vehicles
20% Straight line
Fixtures and fittings
2 of 3
5
For the year ended 31 December 2023
Ridgeway Auto Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 January 2023
74,544
102
30,975
43,467
2,933
-
-
2,933
Additions
At 31 December 2023
46,400
30,975
102
77,477
Provision for depreciation and impairment
At 01 January 2023
63,488
102
30,975
32,411
Charge for year
1,399
-
-
1,399
At 31 December 2023
64,887
102
30,975
33,810
At 31 December 2023
Net book value
12,590
-
-
12,590
At 31 December 2022
11,056
-
-
11,056
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Other creditors
39,649
44,253
4. Reserves
Total
£
Revaluation reserve at 01 January 2023
7,390
7,390
Revaluation reserve at 31 December 2023
5. Average number of persons employed
During the year the average number of employees was 0.
6. Transition to FRS 102
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the
transition to Section 1A of Financial Reporting Standard 102.
3 of 3