IRIS Accounts Production v24.2.0.383 03193434 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031934342023-06-30031934342024-06-30031934342023-07-012024-06-30031934342022-06-30031934342022-07-012023-06-30031934342023-06-3003193434ns15:EnglandWales2023-07-012024-06-3003193434ns14:PoundSterling2023-07-012024-06-3003193434ns10:Director12023-07-012024-06-3003193434ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003193434ns10:SmallEntities2023-07-012024-06-3003193434ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003193434ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003193434ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003193434ns10:FullAccounts2023-07-012024-06-3003193434ns10:OrdinaryShareClass12023-07-012024-06-3003193434ns10:Director22023-07-012024-06-3003193434ns10:CompanySecretary12023-07-012024-06-3003193434ns10:RegisteredOffice2023-07-012024-06-3003193434ns5:CurrentFinancialInstruments2024-06-3003193434ns5:CurrentFinancialInstruments2023-06-3003193434ns5:Non-currentFinancialInstruments2024-06-3003193434ns5:Non-currentFinancialInstruments2023-06-3003193434ns5:ShareCapital2024-06-3003193434ns5:ShareCapital2023-06-3003193434ns5:RetainedEarningsAccumulatedLosses2024-06-3003193434ns5:RetainedEarningsAccumulatedLosses2023-06-3003193434ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-07-012024-06-3003193434ns5:FurnitureFittings2023-07-012024-06-3003193434ns5:MotorVehicles2023-07-012024-06-3003193434ns5:LandBuildings2023-06-3003193434ns5:FurnitureFittings2023-06-3003193434ns5:MotorVehicles2023-06-3003193434ns5:LandBuildings2023-07-012024-06-3003193434ns5:LandBuildings2024-06-3003193434ns5:FurnitureFittings2024-06-3003193434ns5:MotorVehicles2024-06-3003193434ns5:LandBuildings2023-06-3003193434ns5:FurnitureFittings2023-06-3003193434ns5:MotorVehicles2023-06-3003193434ns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3003193434ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3003193434ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3003193434ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3003193434ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3003193434ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3003193434ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3003193434ns5:HirePurchaseContracts2024-06-3003193434ns5:HirePurchaseContracts2023-06-3003193434ns5:WithinOneYear2024-06-3003193434ns5:WithinOneYear2023-06-3003193434ns5:BetweenOneFiveYears2024-06-3003193434ns5:BetweenOneFiveYears2023-06-3003193434ns5:MoreThanFiveYears2024-06-3003193434ns5:MoreThanFiveYears2023-06-3003193434ns5:AllPeriods2024-06-3003193434ns5:AllPeriods2023-06-3003193434ns5:DeferredTaxation2023-06-3003193434ns5:DeferredTaxation2024-06-3003193434ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 03193434 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Ripton Windows Limited

Ripton Windows Limited (Registered number: 03193434)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ripton Windows Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Ripton-Palmer
R K Brennan





SECRETARY: Mrs J Ripton-Palmer





REGISTERED OFFICE: Unit 3 Moniton Trading Estate
Worting
Basingstoke
Hampshire
RG22 6NQ





REGISTERED NUMBER: 03193434 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Ripton Windows Limited (Registered number: 03193434)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,713 97,260

CURRENT ASSETS
Stocks 69,192 69,059
Debtors 5 61,197 163,370
Cash at bank 192,382 206,334
322,771 438,763
CREDITORS
Amounts falling due within one year 6 280,035 375,660
NET CURRENT ASSETS 42,736 63,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,449

160,363

CREDITORS
Amounts falling due after more than one
year

7

(20,202

)

(21,870

)

PROVISIONS FOR LIABILITIES 10 (18,413 ) (18,728 )
NET ASSETS 85,834 119,765

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 85,734 119,665
SHAREHOLDERS' FUNDS 85,834 119,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Ripton Windows Limited (Registered number: 03193434)

Balance Sheet - continued
30 June 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 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 18 September 2024 and were signed on its behalf by:





M Ripton-Palmer - Director


Ripton Windows Limited (Registered number: 03193434)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Ripton Windows 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.
Leasehold property - in accordance with the property
Fixtures and fittings - 25% on cost and 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete or sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than the cost.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


Ripton Windows Limited (Registered number: 03193434)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


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, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 46,999 10,882 159,635 217,516
Additions - 1,842 18,550 20,392
Disposals - - (49,701 ) (49,701 )
At 30 June 2024 46,999 12,724 128,484 188,207
DEPRECIATION
At 1 July 2023 23,509 6,932 89,815 120,256
Charge for year 4,695 2,766 18,419 25,880
Eliminated on disposal - - (39,642 ) (39,642 )
At 30 June 2024 28,204 9,698 68,592 106,494
NET BOOK VALUE
At 30 June 2024 18,795 3,026 59,892 81,713
At 30 June 2023 23,490 3,950 69,820 97,260

Ripton Windows Limited (Registered number: 03193434)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS - continued

The obligations under hire purchase agreements are secured against the items of plant and machinery to which they relate that have a carrying amount of £46,837 (2023: £50,899).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 44,309 147,406
Other debtors 16,888 15,964
61,197 163,370

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 8) 19,503 15,004
Trade creditors 100,283 126,572
Taxation and social security 90,342 98,653
Other creditors 69,907 135,431
280,035 375,660

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 8) 20,202 21,870

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 19,503 15,004
Between one and five years 20,202 21,870
39,705 36,874

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year 25,983 25,983
Between one and five years 100,127 103,171
In more than five years 5,735 28,674
131,845 157,828

Ripton Windows Limited (Registered number: 03193434)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 39,705 36,874

The company has fixed and floating charges over all of its undertakings and assets.

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 18,413 18,728

Deferred
tax
£   
Balance at 1 July 2023 18,728
Accelerated capital allowances (315 )
Balance at 30 June 2024 18,413

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100