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REGISTERED NUMBER: 10827228 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ridehalgh Nicholls Consulting Limited

Ridehalgh Nicholls Consulting Limited (Registered number: 10827228)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ridehalgh Nicholls Consulting Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Ridehalgh
L Nicholls





REGISTERED OFFICE: 4 Pear Tree Business Park
Desford Lane
Ratby
Leicestershire
LE6 0PG





REGISTERED NUMBER: 10827228 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Ridehalgh Nicholls Consulting Limited (Registered number: 10827228)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 229,869 244,819

CURRENT ASSETS
Debtors 5 131,888 170,137
Cash at bank 305,519 361,877
437,407 532,014
CREDITORS
Amounts falling due within one year 6 (92,118 ) (143,831 )
NET CURRENT ASSETS 345,289 388,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,158

633,002

CREDITORS
Amounts falling due after more than one
year

7

(142,862

)

(139,988

)

PROVISIONS FOR LIABILITIES (3,612 ) (6,249 )
NET ASSETS 428,684 486,765

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 428,564 486,645
SHAREHOLDERS' FUNDS 428,684 486,765

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.

Ridehalgh Nicholls Consulting Limited (Registered number: 10827228)

Balance Sheet - continued
31 March 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 25 October 2024 and were signed on its behalf by:




L Nicholls - Director



J Ridehalgh - Director


Ridehalgh Nicholls Consulting Limited (Registered number: 10827228)

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

1. STATUTORY INFORMATION

Ridehalgh Nicholls Consulting 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.

Transition to FRS102 section 1A
These financial statements for the year ended 31st March 2024 are the first that are prepared in accordance with FRS Section 102 section 1A. The previous financial statements were prepared in accordance with FRS 105. The date of transition to FRS 102 Section 1A is 1st April 2022.

The transition to FRS102 Section 1A has resulted in the comparative year reserves decreasing by £6,369 as a result of deferred tax now being included.

Deferred tax has been provided on accelerated capital allowances and other timing differences, where appropriate.

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.
Long leasehold - 2% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

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.

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.

Ridehalgh Nicholls Consulting Limited (Registered number: 10827228)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 220,265 18,003 33,997 272,265
Disposals - - (3,535 ) (3,535 )
At 31 March 2024 220,265 18,003 30,462 268,730
DEPRECIATION
At 1 April 2023 440 7,784 19,222 27,446
Charge for year 4,405 3,480 6,504 14,389
Eliminated on disposal - - (2,974 ) (2,974 )
At 31 March 2024 4,845 11,264 22,752 38,861
NET BOOK VALUE
At 31 March 2024 215,420 6,739 7,710 229,869
At 31 March 2023 219,825 10,219 14,775 244,819

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 114,417 152,502
Other debtors 17,471 17,635
131,888 170,137

Other debtors includes prepayments and accrued income of £17,471 (2023: £16,925).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,336 6,009
Trade creditors 1,196 3,376
Taxation and social security 82,476 131,943
Other creditors 2,110 2,503
92,118 143,831

Other creditors includes accruals and deferred income of £1,350 (2023: £1,230).

Ridehalgh Nicholls Consulting Limited (Registered number: 10827228)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 142,862 139,988

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 117,158 114,284

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 149,198 145,997

The bank loan is secured by fixed charges over the leasehold property

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £50,937 (2023 - £75,882).