Company No:
Contents
Note | 2024 | 2023 | ||
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Fixed assets | ||||
Tangible assets | 3 |
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Investments | 4 |
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297,974 | 313,904 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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13,011 | 2,076 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 10,451 | 41 | ||
Total assets less current liabilities | 308,425 | 313,945 | ||
Provision for liabilities |
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 7 |
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Revaluation reserve |
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Capital redemption reserve |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Rippons Bakery Limited (registered number:
Mr A P Rippon
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Rippons Bakery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Jean-Al-Lor Hicks Mill, Bissoe, Truro, TR4 8RB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
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.
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Land and buildings | not depreciated |
Plant and machinery |
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Vehicles |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
The profit and loss reserves include £40,491 (2023 - £36,066) which are non - distributable.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Plant and machinery | Vehicles | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 November 2023 |
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Additions |
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At 31 October 2024 |
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Accumulated depreciation | |||||||
At 01 November 2023 |
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Charge for the financial year |
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At 31 October 2024 |
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Net book value | |||||||
At 31 October 2024 |
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At 31 October 2023 |
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Other investments | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 01 November 2023 |
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Disposals | (
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Movement in fair value |
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At 31 October 2024 |
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Carrying value at 31 October 2024 |
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Carrying value at 31 October 2023 |
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2024 | 2023 | ||
£ | £ | ||
Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Other taxation and social security |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Transactions with the entity's directors
2024 | 2023 | ||
£ | £ | ||
A P D C Rippon - Interest free loan | 420 | 420 |
In 2023, A Rippon had a £NIL opening balance. During the year advances of £420 were made , resulting in the closing balance of £420.
In 2024, A Rippon had a £420 opening balance. During the year repayments of £500 were made and advances of £500 were made, resulting in the closing balance of £420.