Company Registration No. 09633425 (England and Wales)
Ridgeway Exotics Limited
Unaudited accounts
for the year ended 30 June 2024
Ridgeway Exotics Limited
Unaudited accounts
Contents
Ridgeway Exotics Limited
Company Information
for the year ended 30 June 2024
Company Number
09633425 (England and Wales)
Registered Office
55-57 High Street
Lee On The Solent
Portsmouth
PO13 9BU
Accountants
Forest Edge Accountancy
2 Appletree Close
Redlynch
Salisbury
Wiltshire
SP5 2JG
Ridgeway Exotics Limited
Statement of financial position
as at 30 June 2024
Tangible assets
96,314
115,512
Inventories
350,000
350,000
Cash at bank and in hand
358,966
267,899
Creditors: amounts falling due within one year
(188,215)
(232,050)
Net current assets
523,450
387,945
Total assets less current liabilities
619,764
503,457
Creditors: amounts falling due after more than one year
(10,041)
(25,281)
Net assets
609,723
478,176
Called up share capital
100
100
Profit and loss account
609,623
478,076
Shareholders' funds
609,723
478,176
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 January 2025 and were signed on its behalf by
Mr Simon Ling
Director
Company Registration No. 09633425
Ridgeway Exotics Limited
Notes to the Accounts
for the year ended 30 June 2024
Ridgeway Exotics Limited is a private company, limited by shares, registered in England and Wales, registration number 09633425. The registered office is 55-57 High Street, Lee On The Solent, Portsmouth, PO13 9BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
99,818
159,645
27,408
487
287,358
Additions
-
24,000
-
500
24,500
Disposals
-
(27,480)
-
-
(27,480)
At 30 June 2024
99,818
156,165
27,408
987
284,378
At 1 July 2023
66,109
84,367
21,157
213
171,846
Charge for the year
8,427
21,921
1,563
194
32,105
On disposals
-
(15,887)
-
-
(15,887)
At 30 June 2024
74,536
90,401
22,720
407
188,064
At 30 June 2024
25,282
65,764
4,688
580
96,314
At 30 June 2023
33,709
75,278
6,251
274
115,512
Ridgeway Exotics Limited
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Accrued income and prepayments
2,699
2,096
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
5,240
7,903
Trade creditors
34,402
66,711
Taxes and social security
49,215
11,304
Other creditors
(1,107)
40,267
Loans from directors
88,615
94,115
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
874
6,114
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).