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REGISTERED NUMBER: 02514089 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

RIBDEAL LIMITED
TRADING AS
FENNS OF PICCADILLY

RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIBDEAL LIMITED
TRADING AS FENNS OF PICCADILLY

COMPANY INFORMATION
for the Year Ended 31st July 2024







DIRECTORS: J S G Silver
Mrs W B Silver
L Silver
D Silver





SECRETARY: Mrs W B Silver





REGISTERED OFFICE: 15 St Leonards Road
Epsom Downs
Surrey
KT18 5RG





REGISTERED NUMBER: 02514089 (England and Wales)





ACCOUNTANTS: R.T. Cruse
Accountancy Services Limited
15 St Leonards Road
Epsom Downs
Surrey
KT18 5RG

RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY

BALANCE SHEET
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 249,786 321,397

CURRENT ASSETS
Stocks 116,913 76,978
Debtors 5 527,010 506,160
Cash at bank and in hand 451,452 171,451
1,095,375 754,589
CREDITORS
Amounts falling due within one year 6 797,533 574,731
NET CURRENT ASSETS 297,842 179,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,628

501,255

CREDITORS
Amounts falling due after more than one
year

7

60,662

123,611
NET ASSETS 486,966 377,644

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 486,766 377,444
SHAREHOLDERS' FUNDS 486,966 377,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 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.

RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY

BALANCE SHEET - continued
31st July 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2024 and were signed on its behalf by:





J S G Silver - Director


RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Ribdeal 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - over the remaining period of the lease
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Deferred taxation
No provision has been made for taxation deferred as, in the opinion of the directors, there is reasonable probability that the liability will not arise in the forseeable future.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 30 ) .

RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2024

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2023 60,327 163,518 360,041 - 583,886
Additions - - - 1,049 1,049
Disposals - (28,292 ) - - (28,292 )
At 31st July 2024 60,327 135,226 360,041 1,049 556,643
DEPRECIATION
At 1st August 2023 17,584 104,501 140,404 - 262,489
Charge for year 4,750 8,183 54,911 349 68,193
Eliminated on disposal - (23,825 ) - - (23,825 )
At 31st July 2024 22,334 88,859 195,315 349 306,857
NET BOOK VALUE
At 31st July 2024 37,993 46,367 164,726 700 249,786
At 31st July 2023 42,743 59,017 219,637 - 321,397

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st August 2023
and 31st July 2024 229,766
DEPRECIATION
At 1st August 2023 50,375
Charge for year 44,849
At 31st July 2024 95,224
NET BOOK VALUE
At 31st July 2024 134,542
At 31st July 2023 179,391

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 415,682 422,171
Other debtors 111,328 83,989
527,010 506,160

RIBDEAL LIMITED (REGISTERED NUMBER: 02514089)
TRADING AS FENNS OF PICCADILLY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 52,113
Hire purchase contracts 63,684 70,284
Trade creditors 526,024 330,342
Taxation and social security 103,848 36,908
Other creditors 103,977 85,084
797,533 574,731

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 60,662 123,611