REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 May 2024 |
for |
Pittstop (Ripon) Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 May 2024 |
for |
Pittstop (Ripon) Limited |
Pittstop (Ripon) Limited (Registered number: 02703134) |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Pittstop (Ripon) Limited |
Company Information |
for the Year Ended 31 May 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Eva Lett House |
1 South Crescent |
Ripon |
North Yorkshire |
HG4 1SN |
Pittstop (Ripon) Limited (Registered number: 02703134) |
Balance Sheet |
31 May 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Pittstop (Ripon) Limited (Registered number: 02703134) |
Balance Sheet - continued |
31 May 2024 |
The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
Pittstop (Ripon) Limited (Registered number: 02703134) |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | STATUTORY INFORMATION |
Pittstop (Ripon) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Deferred tax |
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect of all material timing differences |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Pittstop (Ripon) Limited (Registered number: 02703134) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 June 2023 |
Additions |
Disposals | ( |
) | ( |
) |
Revaluations |
At 31 May 2024 |
DEPRECIATION |
At 1 June 2023 |
Charge for year |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
Investment properties are shown at their fair value based on annual valuations. Such valuations are undertaken by the directors. |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 June 2023 |
Additions |
Disposals | ( |
) |
Revaluations |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
Pittstop (Ripon) Limited (Registered number: 02703134) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
Cost or valuation at 31 May 2024 is represented by: |
Other |
investments |
£ |
Valuation in 2018 | 499,367 |
Valuation in 2019 | 64,150 |
Valuation in 2020 | 78,508 |
Valuation in 2021 | 388,436 |
Valuation in 2022 | (136,952 | ) |
Valuation in 2023 | (95,722 | ) |
Valuation in 2024 | 267,237 |
Cost | 1,755,596 |
2,820,620 |
6. | STOCKS |
2024 | 2023 |
£ | £ |
Car Stock |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade Debtors |
VAT |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade Creditors |
Taxation |
Other Taxes and PAYE |
VAT | 4,894 | - |
Directors' current accounts | 29,764 | 47,849 |
Accruals and Deferred Income |
9. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Mr DRG Pitt and Mrs KG Pitt |