Registered number
05618981
Ridge Electrical Limited
Report and Accounts
31 December 2024
Ridge Electrical Limited
Report to the directors on the preparation of the unaudited statutory accounts of Ridge Electrical Limited 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 Ridge Electrical Limited 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 practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
24 March 2025
Ridge Electrical Limited
Registered number: 05618981
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,811 10,129
Current assets
Debtors 4 5,788 -
Cash at bank and in hand 2,393 3,395
8,181 3,395
Creditors: amounts falling due within one year 5 (15,918) (13,473)
Net current liabilities (7,737) (10,078)
Net assets 74 51
Capital and reserves
Called up share capital 2 2
Profit and loss account 72 49
Shareholders' funds 74 51
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Frazer
Director
Approved by the board on 24 March 2025
Ridge Electrical Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 1,505 22,080 23,585
Additions 388 - 388
Disposals - (4,595) (4,595)
At 31 December 2024 1,893 17,485 19,378
Depreciation
At 1 January 2024 1,505 11,951 13,456
Charge for the year 65 2,641 2,706
On disposals - (4,595) (4,595)
At 31 December 2024 1,570 9,997 11,567
Net book value
At 31 December 2024 323 7,488 7,811
At 31 December 2023 - 10,129 10,129
4 Debtors 2024 2023
£ £
Other debtors 5,788 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,492 9,971
Corporation tax 9,898 1,198
Other taxes and social security costs (472) (2,195)
Other creditors - 4,499
15,918 13,473
6 Other information
Ridge Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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