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REGISTERED NUMBER: 08070131 (England and Wales)















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: Mrs S L Farrow
Mr J B Harris
Mr J Harris
Ms N F Murch





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: 08070131 (England and Wales)





Accountants: Duncan & Toplis Limited
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 1,559,857 1,559,857

Current assets
Cash at bank and in hand 929 547

Creditors
Amounts falling due within one year 5 573,437 505,937
Net current liabilities (572,508 ) (505,390 )
Total assets less current liabilities 987,349 1,054,467

Creditors
Amounts falling due after more than one year 6 190,185 307,391
Net assets 797,164 747,076

Capital and reserves
Called up share capital 8 100 100
Retained earnings 797,064 746,976
Shareholders' funds 797,164 747,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

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

T CRIBB & SONS ( RIVETTS ) LTD (REGISTERED NUMBER: 08070131)

Balance Sheet - continued
30 September 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




Mrs S L Farrow - Director Mr J B Harris - Director




Mr J Harris - Director Ms N F Murch - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 (2022 - 4 ) .

4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 October 2022
and 30 September 2023 1,559,857
Net book value
At 30 September 2023 1,559,857
At 30 September 2022 1,559,857

5. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 573,437 505,937

6. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 190,185 307,391

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 340,185 457,391

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: £ £
100 Ordinary shares £1 100 100