IRIS Accounts Production v24.3.2.46 15093590 Board of Directors 24.8.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh150935902023-08-23150935902024-08-31150935902023-08-242024-08-31150935902023-08-2315093590ns15:EnglandWales2023-08-242024-08-3115093590ns14:PoundSterling2023-08-242024-08-3115093590ns10:Director12023-08-242024-08-3115093590ns10:PrivateLimitedCompanyLtd2023-08-242024-08-3115093590ns10:SmallEntities2023-08-242024-08-3115093590ns10:AuditExempt-NoAccountantsReport2023-08-242024-08-3115093590ns10:SmallCompaniesRegimeForDirectorsReport2023-08-242024-08-3115093590ns10:SmallCompaniesRegimeForAccounts2023-08-242024-08-3115093590ns10:FullAccounts2023-08-242024-08-3115093590ns10:Director32023-08-242024-08-3115093590ns10:RegisteredOffice2023-08-242024-08-3115093590ns5:CurrentFinancialInstruments2024-08-3115093590ns5:ShareCapital2024-08-3115093590ns5:RetainedEarningsAccumulatedLosses2024-08-3115093590ns5:LeaseholdImprovements2023-08-242024-08-3115093590ns5:PlantMachinery2023-08-242024-08-3115093590ns5:FurnitureFittings2023-08-242024-08-3115093590ns5:ComputerEquipment2023-08-242024-08-3115093590ns5:LeaseholdImprovements2024-08-3115093590ns5:PlantMachinery2024-08-3115093590ns5:FurnitureFittings2024-08-3115093590ns5:ComputerEquipment2024-08-3115093590ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31
REGISTERED NUMBER: 15093590 (England and Wales)










Ribble Valley Crafted Ltd

Unaudited Financial Statements

for the Period 24 August 2023 to 31 August 2024






Ribble Valley Crafted Ltd (Registered number: 15093590)






Contents of the Financial Statements
for the Period 24 August 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ribble Valley Crafted Ltd

Company Information
for the Period 24 August 2023 to 31 August 2024







DIRECTORS: Miss Louise Alexandria Cunningham
Mr Mark Robinson





REGISTERED OFFICE: Unit 6 Union Mill
Watt Street
Sabden
Lancashire
England
BB7 9ED





REGISTERED NUMBER: 15093590 (England and Wales)






Ribble Valley Crafted Ltd (Registered number: 15093590)

Balance Sheet
31 August 2024

Notes £   
FIXED ASSETS
Tangible assets 4 9,424

CURRENT ASSETS
Stocks 120
Debtors 5 561
Cash at bank 572
1,253
CREDITORS
Amounts falling due within one year 6 (116,984 )
NET CURRENT LIABILITIES (115,731 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(106,307

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (106,407 )
(106,307 )

Ribble Valley Crafted Ltd (Registered number: 15093590)

Balance Sheet - continued
31 August 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 Profit and Loss account and Statement of Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





Miss Louise Alexandria Cunningham - Director


Ribble Valley Crafted Ltd (Registered number: 15093590)

Notes to the Financial Statements
for the Period 24 August 2023 to 31 August 2024

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 6 Union Mill
Watt Street
Sabden
England
B7 9ED

2. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATE
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

STATEMENT OF COMPLIANCE
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as
disclosed in the accounting policies certain items are shown at fair value.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

TANGIBLE FIXED ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under
construction over their estimated useful lives, as follows :

Asset classDepreciation method and rate
Tenant improvements10% straight line
Plant and machinery25% reducing balance
Fixtures and Fittings20% straight line
Office equipmentsStraight line over 3 years

Ribble Valley Crafted Ltd (Registered number: 15093590)

Notes to the Financial Statements - continued
for the Period 24 August 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the
ordinary course of business

Trade debtors are recognised initially at the transaction price. They are subsequently measured at
amortised cost using the effective interest method, less provision for impairment. A provision for the
impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DEFINED CONTRIBUTION PENSION OBLIGATION
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Ribble Valley Crafted Ltd (Registered number: 15093590)

Notes to the Financial Statements - continued
for the Period 24 August 2023 to 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Tenant Plant and and Office
improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
Additions 4,016 5,245 1,064 1,055 11,380
At 31 August 2024 4,016 5,245 1,064 1,055 11,380
DEPRECIATION
Charge for period 167 1,311 213 265 1,956
At 31 August 2024 167 1,311 213 265 1,956
NET BOOK VALUE
At 31 August 2024 3,849 3,934 851 790 9,424

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 300
Prepayments 261
561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 605
PAYE 323
VAT 1,959
Other creditors 57,155
Directors' current accounts 56,922
Accrued expenses 20
116,984