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REGISTERED NUMBER: 07980191 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ridley Electrical Contractors Ltd

Ridley Electrical Contractors Ltd (Registered number: 07980191)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ridley Electrical Contractors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs R Ridley
E M Ridley





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 07980191 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Ridley Electrical Contractors Ltd (Registered number: 07980191)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,258 2,010

CURRENT ASSETS
Stocks 5 2,910 2,737
Debtors 6 8,890 11,183
Cash at bank 2,037 3,654
13,837 17,574
CREDITORS
Amounts falling due within one year 7 (14,274 ) (18,617 )
NET CURRENT LIABILITIES (437 ) (1,043 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

821

967

PROVISIONS FOR LIABILITIES (239 ) (382 )
NET ASSETS 582 585

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 580 583
582 585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 5 July 2024 and were signed on its behalf by:




E M Ridley - Director


Ridley Electrical Contractors Ltd (Registered number: 07980191)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Ridley Electrical Contractors 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Turnover represents the value of the services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company contributes to privately administered pension plans. Contributions are expensed as incurred.

Ridley Electrical Contractors Ltd (Registered number: 07980191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 5,144 2,934 16,746 24,824
DEPRECIATION
At 1 April 2023 3,746 2,322 16,746 22,814
Charge for year 433 319 - 752
At 31 March 2024 4,179 2,641 16,746 23,566
NET BOOK VALUE
At 31 March 2024 965 293 - 1,258
At 31 March 2023 1,398 612 - 2,010

5. STOCKS
2024 2023
£    £   
Materials 2,910 2,737

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,979 1,637
Other debtors 350 4,956
Directors' loan account 2,358 4,201
VAT 203 389
8,890 11,183

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,464 10,388
Tax 8,218 7,494
Other creditors 257 65
Accruals and deferred income 335 670
14,274 18,617

Ridley Electrical Contractors Ltd (Registered number: 07980191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
E M Ridley and Mrs R Ridley
Balance outstanding at start of year 4,201 (5,092 )
Amounts advanced 44,491 41,302
Amounts repaid (46,334 ) (32,009 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,358 4,201

The above loan is unsecured, interest free and repayable on demand.