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Company Registration No. 12360686 (England and Wales)
Ridgeway Roofing Solutions Ltd Unaudited accounts for the year ended 31 December 2023
Ridgeway Roofing Solutions Ltd Unaudited accounts Contents
Page
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Ridgeway Roofing Solutions Ltd Company Information for the year ended 31 December 2023
Directors
Matthew John Reilly Lee Sidney Smolnik
Company Number
12360686 (England and Wales)
Registered Office
40 ROYAL OAK DRIVE NEWPORT NP18 1JE WALES
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ridgeway Roofing Solutions Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ridgeway Roofing Solutions Ltd for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 30 August 2024
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Ridgeway Roofing Solutions Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,574 
4,909 
Current assets
Debtors
5,019 
6,291 
Cash at bank and in hand
6,974 
11,853 
11,993 
18,144 
Creditors: amounts falling due within one year
(8,030)
(10,551)
Net current assets
3,963 
7,593 
Total assets less current liabilities
8,537 
12,502 
Creditors: amounts falling due after more than one year
(3,366)
(5,844)
Provisions for liabilities
Deferred tax
(869)
(933)
Net assets
4,302 
5,725 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
4,300 
5,723 
Shareholders' funds
4,302 
5,725 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by
Lee Sidney Smolnik Director Company Registration No. 12360686
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Ridgeway Roofing Solutions Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Ridgeway Roofing Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12360686. The registered office is 40 ROYAL OAK DRIVE, NEWPORT, NP18 1JE, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years straight line
Motor vehicles
4 years straight line
Computer equipment
3 years straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Ridgeway Roofing Solutions Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
9,350 
Additions
2,350 
At 31 December 2023
11,700 
Depreciation
At 1 January 2023
4,441 
Charge for the year
2,685 
At 31 December 2023
7,126 
Net book value
At 31 December 2023
4,574 
At 31 December 2022
4,909 
5
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
869 
933 
2023 
2022 
£ 
£ 
Provision at start of year
933 
1,406 
Credited to the profit and loss account
(64)
(473)
Provision at end of year
869 
933 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Loans to directors
The balance represents an interest free loan issued to the director that is repayable upon demand.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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