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Registered Number: 11868630
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 March 2024

for

ONBOARD RIBS LTD

 
 
 
£
2024
£
   
£
2023
£
Called up share capital not paid 1  1 
Fixed assets 9,564  11,955 
Current assets 32,898  44,541 
Creditors: amount falling due within one year (16,122) (17,663)
Net current assets 16,776  26,878 
Total assets less current liabilities 26,341  38,834 
Creditors: amount falling due after more than one year (26,169) (36,556)
Net assets 172  2,278 
 
Capital and reserves 172  2,278 
 
  1. For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Kevin Redbond
Director

Date approved: 04 December 2024
1
Statutory Information
ONBOARD RIBS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11868630, registration address Unit 52, Merlin House Unit 52, The Innovation Centre, 4 Meteor Way, Fareham, Po13 9fu, PO13 9FU, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery20% Straight Line
Motor Vehicles20% Straight Line
Office Equipment20% Straight Line
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Motor Vehicles   Office Equipment   Total
  £   £   £   £
At 01 April 2023 274    17,470    936    18,680 
Additions      
Disposals      
At 31 March 2024 274    17,470    936    18,680 
Depreciation
At 01 April 2023 99    6,289    337    6,725 
Charge for year 35    2,236    120    2,391 
On disposals      
At 31 March 2024 134    8,525    457    9,116 
Net book values
Closing balance as at 31 March 2024 140    8,945    479    9,564 
Opening balance as at 01 April 2023 175    11,181    599    11,955 

3.

Average number of employees

Average number of employees during the year was 1  (2023: 1).
2