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Company Registration No. 12361466 (England and Wales)
Ridgeway Barbers Ltd Unaudited accounts for the year ended 31 December 2024
Ridgeway Barbers Ltd Unaudited accounts Contents
Page
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Ridgeway Barbers Ltd Company Information for the year ended 31 December 2024
Director
Benjamin Birchall
Company Number
12361466 (England and Wales)
Registered Office
VENTA HOUSE 9A PORT ROAD MAESGLAS RETAIL ESTATE NEWPORT NP20 2NS UNITED KINGDOM
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ridgeway Barbers Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ridgeway Barbers Ltd for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 12 February 2025
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Ridgeway Barbers Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
4,769 
13,320 
Cash at bank and in hand
2,520 
6,601 
7,289 
19,921 
Creditors: amounts falling due within one year
(3,398)
(7,422)
Net current assets
3,891 
12,499 
Total assets less current liabilities
3,891 
12,499 
Creditors: amounts falling due after more than one year
(10,276)
(12,475)
Net (liabilities)/assets
(6,385)
24 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(6,387)
22 
Shareholders' funds
(6,385)
24 
For the year ending 31 December 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 12 February 2025 and were signed on its behalf by
Benjamin Birchall Director Company Registration No. 12361466
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Ridgeway Barbers Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Ridgeway Barbers Ltd is a private company, limited by shares, registered in England and Wales, registration number 12361466. The registered office is VENTA HOUSE 9A PORT ROAD, MAESGLAS RETAIL ESTATE, NEWPORT, NP20 2NS, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
4,769 
13,320 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,199 
2,098 
VAT
- 
2,443 
Taxes and social security
(1)
1,681 
Accruals
1,200 
1,200 
3,398 
7,422 
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Ridgeway Barbers Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,276 
12,475 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Benjamin Birchall
loan advance during the financial year
13,319 
- 
8,550 
4,769 
13,319 
- 
8,550 
4,769 
The balance represents an interest free loan issued by the company, to be repaid on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 4).
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