IRIS Accounts Production v24.3.2.46 07021342 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070213422023-09-30070213422024-09-30070213422023-10-012024-09-30070213422022-09-30070213422022-10-012023-09-30070213422023-09-3007021342ns15:EnglandWales2023-10-012024-09-3007021342ns14:PoundSterling2023-10-012024-09-3007021342ns10:Director12023-10-012024-09-3007021342ns10:Director22023-10-012024-09-3007021342ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3007021342ns10:SmallEntities2023-10-012024-09-3007021342ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3007021342ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3007021342ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3007021342ns10:FullAccounts2023-10-012024-09-3007021342ns10:OrdinaryShareClass22023-10-012024-09-3007021342ns10:OrdinaryShareClass32023-10-012024-09-3007021342ns10:RegisteredOffice2023-10-012024-09-3007021342ns5:CurrentFinancialInstruments2024-09-3007021342ns5:CurrentFinancialInstruments2023-09-3007021342ns5:Non-currentFinancialInstruments2024-09-3007021342ns5:Non-currentFinancialInstruments2023-09-3007021342ns5:ShareCapital2024-09-3007021342ns5:ShareCapital2023-09-3007021342ns5:RetainedEarningsAccumulatedLosses2024-09-3007021342ns5:RetainedEarningsAccumulatedLosses2023-09-3007021342ns5:PlantMachinery2023-10-012024-09-3007021342ns5:FurnitureFittings2023-10-012024-09-3007021342ns5:MotorVehicles2023-10-012024-09-3007021342ns5:PlantMachinery2023-09-3007021342ns5:FurnitureFittings2023-09-3007021342ns5:MotorVehicles2023-09-3007021342ns5:PlantMachinery2024-09-3007021342ns5:FurnitureFittings2024-09-3007021342ns5:MotorVehicles2024-09-3007021342ns5:PlantMachinery2023-09-3007021342ns5:FurnitureFittings2023-09-3007021342ns5:MotorVehicles2023-09-3007021342ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3007021342ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3007021342ns5:LeasedAssetsHeldAsLessee2023-09-3007021342ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3007021342ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3007021342ns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3007021342ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-09-3007021342ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-09-3007021342ns5:LeasedAssetsHeldAsLessee2024-09-3007021342ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3007021342ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3007021342ns5:LeasedAssetsHeldAsLessee2023-09-3007021342ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3007021342ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3007021342ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-09-3007021342ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-09-3007021342ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-09-3007021342ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3007021342ns5:DeferredTaxation2023-09-3007021342ns5:DeferredTaxation2023-10-012024-09-3007021342ns5:DeferredTaxation2024-09-3007021342ns10:OrdinaryShareClass22024-09-3007021342ns10:OrdinaryShareClass32024-09-30
REGISTERED NUMBER: 07021342 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Ribble Valley Concrete Ltd

Ribble Valley Concrete Ltd (Registered number: 07021342)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ribble Valley Concrete Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A J McManus
F L McManus





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 07021342 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Ribble Valley Concrete Ltd (Registered number: 07021342)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 295,094 200,692

CURRENT ASSETS
Stocks 11,865 6,648
Debtors 5 122,223 145,772
Cash at bank 95 51,511
134,183 203,931
CREDITORS
Amounts falling due within one year 6 145,318 146,716
NET CURRENT (LIABILITIES)/ASSETS (11,135 ) 57,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,959

257,907

CREDITORS
Amounts falling due after more than one
year

7

(79,132

)

(72,280

)

PROVISIONS FOR LIABILITIES 10 (69,163 ) (50,277 )
NET ASSETS 135,664 135,350

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 135,564 135,250
SHAREHOLDERS' FUNDS 135,664 135,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Ribble Valley Concrete Ltd (Registered number: 07021342)

Balance Sheet - continued
30 September 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 6 February 2025 and were signed on its behalf by:




A J McManus - Director



F L McManus - Director


Ribble Valley Concrete Ltd (Registered number: 07021342)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Ribble Valley Concrete Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Ribble Valley Concrete Ltd (Registered number: 07021342)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 301,269 13,742 191,110 506,121
Additions 77,500 5,540 78,500 161,540
Disposals - - (19,000 ) (19,000 )
At 30 September 2024 378,769 19,282 250,610 648,661
DEPRECIATION
At 1 October 2023 220,783 10,000 74,646 305,429
Charge for year 13,336 1,368 33,434 48,138
At 30 September 2024 234,119 11,368 108,080 353,567
NET BOOK VALUE
At 30 September 2024 144,650 7,914 142,530 295,094
At 30 September 2023 80,486 3,742 116,464 200,692

Ribble Valley Concrete Ltd (Registered number: 07021342)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 - 159,900 159,900
Additions 55,000 39,500 94,500
At 30 September 2024 55,000 199,400 254,400
DEPRECIATION
At 1 October 2023 - 53,323 53,323
Charge for year 688 28,557 29,245
At 30 September 2024 688 81,880 82,568
NET BOOK VALUE
At 30 September 2024 54,312 117,520 171,832
At 30 September 2023 - 106,577 106,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 39,506 61,733
Other debtors 82,012 83,462
Prepayments 705 577
122,223 145,772

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 8) 18,361 9,870
Hire purchase contracts 43,500 22,000
Trade creditors 22,729 56,573
Taxation and social security 47,050 56,053
Other creditors 13,678 2,220
145,318 146,716

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 8) 15,660 25,780
Hire purchase contracts 63,472 46,500
79,132 72,280

Ribble Valley Concrete Ltd (Registered number: 07021342)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 8,242 -
Bank loans 10,119 9,870
18,361 9,870

Amounts falling due between one and two years:
Bank loans due between one and two
years

10,375

10,119

Amounts falling due between two and five years:
Bank loans due between two and five
years

5,285

15,661

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 106,972 68,500

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 69,163 50,277

Deferred
tax
£   
Balance at 1 October 2023 50,277
Charge to Statement of Income and Retained Earnings during year 18,886
Balance at 30 September 2024 69,163

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
75 A Ordinary £1 75 75
25 B Ordinary £1 25 25
100 100

Ribble Valley Concrete Ltd (Registered number: 07021342)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J McManus.