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REGISTERED NUMBER: 12873882 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Ridge Lifting Solutions Limited

Ridge Lifting Solutions Limited (Registered number: 12873882)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Ridge Lifting Solutions Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: G R Nunn
E Ridgewell





REGISTERED OFFICE: Unit 4 Schofield Business Park
Sugarbrook Road
Bromsgrove
Worcestershire
B60 3DN





REGISTERED NUMBER: 12873882 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Ridge Lifting Solutions Limited (Registered number: 12873882)

Abridged Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,617 210,796

CURRENT ASSETS
Stocks 147,730 98,745
Debtors 55,968 40,268
Cash at bank 7,823 3,291
211,521 142,304
CREDITORS
Amounts falling due within one year 83,732 68,430
NET CURRENT ASSETS 127,789 73,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,406

284,670

CREDITORS
Amounts falling due after more than one
year

(122,166

)

(156,865

)

PROVISIONS FOR LIABILITIES (28,574 ) (14,999 )
NET ASSETS 155,666 112,806

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 155,664 112,804
SHAREHOLDERS' FUNDS 155,666 112,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Ridge Lifting Solutions Limited (Registered number: 12873882)

Abridged Statement of Financial Position - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 September 2024 and were signed on its behalf by:





G R Nunn - Director


Ridge Lifting Solutions Limited (Registered number: 12873882)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Ridge Lifting Solutions 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.

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 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

Ridge Lifting Solutions Limited (Registered number: 12873882)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 291,496
DEPRECIATION
At 1 March 2023 80,700
Charge for year 32,179
At 29 February 2024 112,879
NET BOOK VALUE
At 29 February 2024 178,617
At 28 February 2023 210,796

5. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 167,955 202,654

Hire purchase liabilities are secured upon the assets to which they relate.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

7. RELATED PARTY DISCLOSURES

The directors and controlling parties are also the directors and controlling parties of Ridgesteel Fabrications Limited.

At the statement of financial position date within debtors is a balance amounting to £54,588 due to the company from Ridgesteel Fabrications Limited.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties were the directors by virtue of their 100% holding of the issued share capital of the company.