REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 September 2023 |
for |
T CRIBB & SONS ( RIVETTS ) LTD |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 September 2023 |
for |
T CRIBB & SONS ( RIVETTS ) LTD |
T CRIBB & SONS ( RIVETTS ) LTD (REGISTERED NUMBER: 08070131) |
Contents of the Financial Statements |
for the year ended 30 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
T CRIBB & SONS ( RIVETTS ) LTD |
Company Information |
for the year ended 30 September 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
3rd Floor |
Marlborough House |
298 Regents Park Road |
Finchley |
London |
N3 2SZ |
T CRIBB & SONS ( RIVETTS ) LTD (REGISTERED NUMBER: 08070131) |
Balance Sheet |
30 September 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 6 |
Net assets |
Capital and reserves |
Called up share capital | 8 |
Retained earnings |
Shareholders' funds |
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. |
T CRIBB & SONS ( RIVETTS ) LTD (REGISTERED NUMBER: 08070131) |
Balance Sheet - continued |
30 September 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
T CRIBB & SONS ( RIVETTS ) LTD (REGISTERED NUMBER: 08070131) |
Notes to the Financial Statements |
for the year ended 30 September 2023 |
1. | Statutory information |
T Cribb & Sons ( Rivetts ) Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about T Cribb & Sons (Rivetts) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
Key source of estimation, uncertainty and judgement |
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. |
There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets. |
There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of. |
There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
T CRIBB & SONS ( RIVETTS ) LTD (REGISTERED NUMBER: 08070131) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2023 |
2. | Accounting policies - continued |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Creditors are subsequently measured at amortised cost using the effective interest rate method. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are integral part of the company’s cash management. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 October 2022 |
and 30 September 2023 |
Net book value |
At 30 September 2023 |
At 30 September 2022 |
5. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other creditors |
6. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Other creditors |
T CRIBB & SONS ( RIVETTS ) LTD (REGISTERED NUMBER: 08070131) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2023 |
7. | Secured debts |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Debentures |
The secured creditor relates to a debenture in favour of Mr Adrian James Vincent, Ms Holly Elizabeth Diane Vincent and Mr Alexander Henry Vincent. The creditor is secured against the undertaking, property, assets and rights of T Cribb & Sons (Rivetts) Ltd at any time. |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary shares | £1 | 100 | 100 |