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REGISTERED NUMBER: 04219717 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Ripon Interiors Limited

Ripon Interiors Limited (Registered number: 04219717)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ripon Interiors Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: A D Boddy
G R Borchard
P J Gregg





SECRETARY: G R Borchard





REGISTERED OFFICE: Boroughbridge Road
Ripon
North Yorkshire
HG4 1UE





REGISTERED NUMBER: 04219717 (England and Wales)





ACCOUNTANTS: Xeinadin Bushells
6 Victoria Avenue
Harrogate
North Yorkshire
HG1 1ED

Ripon Interiors Limited (Registered number: 04219717)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 92,041 96,698
Investments 6 1,250 1,250
93,291 97,948

CURRENT ASSETS
Stocks 79,000 133,230
Debtors 1,076,325 1,150,417
Cash at bank and in hand 31,718 46,095
1,187,043 1,329,742
CREDITORS
Amounts falling due within one year 750,294 818,816
NET CURRENT ASSETS 436,749 510,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,040

608,874

CREDITORS
Amounts falling due after more than one
year

(400,986

)

(539,868

)

PROVISIONS FOR LIABILITIES (18,791 ) (22,356 )
NET ASSETS 110,263 46,650

Ripon Interiors Limited (Registered number: 04219717)

Abridged Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 110,260 46,647
SHAREHOLDERS' FUNDS 110,263 46,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 September 2024 and were signed on its behalf by:





G R Borchard - Director


Ripon Interiors Limited (Registered number: 04219717)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Ripon Interiors 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 represents net amounts receivable for goods supplied and services provided, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 2% on cost
Fixtures and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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 balance sheet date.


Ripon Interiors Limited (Registered number: 04219717)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments
Investments are measured at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 7,617
AMORTISATION
At 1 January 2023
and 31 December 2023 7,617
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

Ripon Interiors Limited (Registered number: 04219717)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 271,418
Additions 7,082
At 31 December 2023 278,500
DEPRECIATION
At 1 January 2023 174,720
Charge for year 11,739
At 31 December 2023 186,459
NET BOOK VALUE
At 31 December 2023 92,041
At 31 December 2022 96,698

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 1,250
NET BOOK VALUE
At 31 December 2023 1,250
At 31 December 2022 1,250

The investment in United Merchants plc is held to gain the benefits arising from membership of a trade group. The shares are not openly traded and are stated at cost.

7. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 31 December 2023 of £44,831 (2022 : £52,042).

Directors' liabilities arising from the EBT Settlements with HM Revenue & Customs will be paid by the company on the directors' behalf. Amounts have been agreed at approximately £30,000 per annum with final payment in 2024.

Ripon Interiors Limited (Registered number: 04219717)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A D Boddy
Balance outstanding at start of year 176,174 166,334
Amounts advanced 9,840 9,840
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 186,014 176,174

G R Borchard
Balance outstanding at start of year 187,924 177,700
Amounts advanced 10,224 10,224
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 198,148 187,924

P J Gregg
Balance outstanding at start of year 215,426 200,086
Amounts advanced 9,936 15,340
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 225,362 215,426

No interest is charged on the loans to directors and there are no repayment terms.