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REGISTERED NUMBER: 07948782 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

RIPE RITE LIMITED

RIPE RITE LIMITED (REGISTERED NUMBER: 07948782)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

RIPE RITE LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P F Clarke
Mrs D J A Clarke
Mrs R J Clarke-Smythe





REGISTERED OFFICE: Meadowside
Prees Green
Nr Whitchurch
Shropshire
SY13 2BL





REGISTERED NUMBER: 07948782 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

RIPE RITE LIMITED (REGISTERED NUMBER: 07948782)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,852 51,000

CURRENT ASSETS
Debtors 5 52,161 89,323
Cash at bank 33,324 24,139
85,485 113,462
CREDITORS
Amounts falling due within one year 6 65,007 63,250
NET CURRENT ASSETS 20,478 50,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,330

101,212

CREDITORS
Amounts falling due after more than one
year

7

(27,951

)

(25,964

)

PROVISIONS FOR LIABILITIES (5,507 ) (8,332 )
NET ASSETS 21,872 66,916

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 21,772 66,816
SHAREHOLDERS' FUNDS 21,872 66,916

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





P F Clarke - Director


RIPE RITE LIMITED (REGISTERED NUMBER: 07948782)

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

1. STATUTORY INFORMATION

RIPE RITE 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on reducing balance and 20% on cost

No depreciation is charged in the year of acquisition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

RIPE RITE LIMITED (REGISTERED NUMBER: 07948782)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 164,736
Additions 4,813
At 30 April 2024 169,549
DEPRECIATION
At 1 May 2023 113,736
Charge for year 20,961
At 30 April 2024 134,697
NET BOOK VALUE
At 30 April 2024 34,852
At 30 April 2023 51,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 31,411 68,073
Other debtors 20,750 21,250
52,161 89,323

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 32,858 35,459
Taxation and social security 13,294 8,936
Other creditors 8,855 8,855
65,007 63,250

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 15,000 25,000
Other creditors 12,951 964
27,951 25,964

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

RIPE RITE LIMITED (REGISTERED NUMBER: 07948782)

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

9. RESERVES
Retained
earnings
£   

At 1 May 2023 66,816
Profit for the year 17,956
Dividends (63,000 )
At 30 April 2024 21,772

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £12,951 (2023; £964) relating to the directors loan account of Mr and Mrs Clarke.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs Clarke.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
RIPE RITE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RIPE RITE LIMITED for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RIPE RITE LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RIPE RITE LIMITED and state those matters that we have agreed to state to the Board of Directors of RIPE RITE LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RIPE RITE LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RIPE RITE LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RIPE RITE LIMITED. You consider that RIPE RITE LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RIPE RITE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................