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REGISTERED NUMBER: 05064597 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RATCLIFF & BURRIDGE CONSTRUCTION LTD

RATCLIFF & BURRIDGE CONSTRUCTION LTD (REGISTERED NUMBER: 05064597)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RATCLIFF & BURRIDGE CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: A J Burridge
G J Ratcliff
D Ratcliff
S Burridge





REGISTERED OFFICE: Cannons Yard
Bedlars Green
Great Hallingbury
Bishop's Stortford
Herts
CM22 7UZ





REGISTERED NUMBER: 05064597 (England and Wales)





ACCOUNTANTS: Barrow LLP
Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT

RATCLIFF & BURRIDGE CONSTRUCTION LTD (REGISTERED NUMBER: 05064597)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 141,201 173,881

CURRENT ASSETS
Stocks 58,523 62,229
Debtors 6 463,578 416,141
Cash at bank and in hand 515,279 434,620
1,037,380 912,990
CREDITORS
Amounts falling due within one year 7 (816,512 ) (731,683 )
NET CURRENT ASSETS 220,868 181,307
TOTAL ASSETS LESS CURRENT LIABILITIES 362,069 355,188

CREDITORS
Amounts falling due after more than one year 8 (28,190 ) (31,942 )

PROVISIONS FOR LIABILITIES (35,102 ) (43,260 )
NET ASSETS 298,777 279,986

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 298,775 279,984
SHAREHOLDERS' FUNDS 298,777 279,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

RATCLIFF & BURRIDGE CONSTRUCTION LTD (REGISTERED NUMBER: 05064597)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





G J Ratcliff - Director


RATCLIFF & BURRIDGE CONSTRUCTION LTD (REGISTERED NUMBER: 05064597)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Ratcliff & Burridge Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced work done, excluding value added tax.

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 & machinery - 33% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Stocks
Work in progress is valued at net realisable value after taking account of future losses.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred upon normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.


RATCLIFF & BURRIDGE CONSTRUCTION LTD (REGISTERED NUMBER: 05064597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account 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.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

RATCLIFF & BURRIDGE CONSTRUCTION LTD (REGISTERED NUMBER: 05064597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Plant & Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 9,402 241,483 43,238 294,123
Additions 859 23,678 2,491 27,028
Disposals - (50,551 ) - (50,551 )
At 31 October 2024 10,261 214,610 45,729 270,600
DEPRECIATION
At 1 November 2023 9,027 73,592 37,623 120,242
Charge for year 347 43,095 2,985 46,427
Eliminated on disposal - (37,270 ) - (37,270 )
At 31 October 2024 9,374 79,417 40,608 129,399
NET BOOK VALUE
At 31 October 2024 887 135,193 5,121 141,201
At 31 October 2023 375 167,891 5,615 173,881

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 104,764
Additions 23,678
Transfer to ownership (23,650 )
Reclassification/transfer 86,168
At 31 October 2024 190,960
DEPRECIATION
At 1 November 2023 36,322
Charge for year 39,958
Transfer to ownership (11,103 )
At 31 October 2024 65,177
NET BOOK VALUE
At 31 October 2024 125,783
At 31 October 2023 68,442

RATCLIFF & BURRIDGE CONSTRUCTION LTD (REGISTERED NUMBER: 05064597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 445,831 400,223
Other debtors 17,747 15,918
463,578 416,141

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 36,088 28,699
Trade creditors 376,089 318,588
Taxation and social security 285,671 247,166
Other creditors 108,664 127,230
816,512 731,683

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 5,834 15,834
Hire purchase contracts 22,356 16,108
28,190 31,942

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 58,444 44,807

The hire purchase liabilities are secured by the related assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary £1 2 2