2023-04-012024-03-312024-03-31false10656352RINGWOOD (WEYMOUTH) LTD2025-03-27falseiso4217:GBPxbrli:pure106563522023-04-01106563522024-03-31106563522023-04-012024-03-31106563522022-04-01106563522023-03-31106563522022-04-012023-03-3110656352bus:SmallEntities2023-04-012024-03-3110656352bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3110656352bus:FullAccounts2023-04-012024-03-3110656352bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110656352core:WithinOneYear2024-03-3110656352core:AfterOneYear2024-03-3110656352core:WithinOneYear2023-03-3110656352core:AfterOneYear2023-03-3110656352core:ShareCapital2024-03-3110656352core:SharePremium2024-03-3110656352core:RevaluationReserve2024-03-3110656352core:OtherReservesSubtotal2024-03-3110656352core:RetainedEarningsAccumulatedLosses2024-03-3110656352core:ShareCapital2023-03-3110656352core:SharePremium2023-03-3110656352core:RevaluationReserve2023-03-3110656352core:OtherReservesSubtotal2023-03-3110656352core:RetainedEarningsAccumulatedLosses2023-03-3110656352core:LandBuildings2024-03-3110656352core:PlantMachinery2024-03-3110656352core:Vehicles2024-03-3110656352core:FurnitureFittings2024-03-3110656352core:OfficeEquipment2024-03-3110656352core:NetGoodwill2024-03-3110656352core:IntangibleAssetsOtherThanGoodwill2024-03-3110656352core:ListedExchangeTraded2024-03-3110656352core:UnlistedNon-exchangeTraded2024-03-3110656352core:LandBuildings2023-03-3110656352core:PlantMachinery2023-03-3110656352core:Vehicles2023-03-3110656352core:FurnitureFittings2023-03-3110656352core:OfficeEquipment2023-03-3110656352core:NetGoodwill2023-03-3110656352core:IntangibleAssetsOtherThanGoodwill2023-03-3110656352core:ListedExchangeTraded2023-03-3110656352core:UnlistedNon-exchangeTraded2023-03-3110656352core:LandBuildings2023-04-012024-03-3110656352core:PlantMachinery2023-04-012024-03-3110656352core:Vehicles2023-04-012024-03-3110656352core:FurnitureFittings2023-04-012024-03-3110656352core:OfficeEquipment2023-04-012024-03-3110656352core:NetGoodwill2023-04-012024-03-3110656352core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110656352core:ListedExchangeTraded2023-04-012024-03-3110656352core:UnlistedNon-exchangeTraded2023-04-012024-03-3110656352core:MoreThanFiveYears2023-04-012024-03-3110656352core:Non-currentFinancialInstruments2024-03-3110656352core:Non-currentFinancialInstruments2023-03-3110656352dpl:CostSales2023-04-012024-03-3110656352dpl:DistributionCosts2023-04-012024-03-3110656352core:LandBuildings2023-04-012024-03-3110656352core:PlantMachinery2023-04-012024-03-3110656352core:Vehicles2023-04-012024-03-3110656352core:FurnitureFittings2023-04-012024-03-3110656352core:OfficeEquipment2023-04-012024-03-3110656352dpl:AdministrativeExpenses2023-04-012024-03-3110656352core:NetGoodwill2023-04-012024-03-3110656352core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110656352dpl:GroupUndertakings2023-04-012024-03-3110656352dpl:ParticipatingInterests2023-04-012024-03-3110656352dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3110656352core:ListedExchangeTraded2023-04-012024-03-3110656352dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3110656352core:UnlistedNon-exchangeTraded2023-04-012024-03-3110656352dpl:CostSales2022-04-012023-03-3110656352dpl:DistributionCosts2022-04-012023-03-3110656352core:LandBuildings2022-04-012023-03-3110656352core:PlantMachinery2022-04-012023-03-3110656352core:Vehicles2022-04-012023-03-3110656352core:FurnitureFittings2022-04-012023-03-3110656352core:OfficeEquipment2022-04-012023-03-3110656352dpl:AdministrativeExpenses2022-04-012023-03-3110656352core:NetGoodwill2022-04-012023-03-3110656352core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110656352dpl:GroupUndertakings2022-04-012023-03-3110656352dpl:ParticipatingInterests2022-04-012023-03-3110656352dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3110656352core:ListedExchangeTraded2022-04-012023-03-3110656352dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3110656352core:UnlistedNon-exchangeTraded2022-04-012023-03-3110656352core:NetGoodwill2024-03-3110656352core:IntangibleAssetsOtherThanGoodwill2024-03-3110656352core:LandBuildings2024-03-3110656352core:PlantMachinery2024-03-3110656352core:Vehicles2024-03-3110656352core:FurnitureFittings2024-03-3110656352core:OfficeEquipment2024-03-3110656352core:AfterOneYear2024-03-3110656352core:WithinOneYear2024-03-3110656352core:ListedExchangeTraded2024-03-3110656352core:UnlistedNon-exchangeTraded2024-03-3110656352core:ShareCapital2024-03-3110656352core:SharePremium2024-03-3110656352core:RevaluationReserve2024-03-3110656352core:OtherReservesSubtotal2024-03-3110656352core:RetainedEarningsAccumulatedLosses2024-03-3110656352core:NetGoodwill2023-03-3110656352core:IntangibleAssetsOtherThanGoodwill2023-03-3110656352core:LandBuildings2023-03-3110656352core:PlantMachinery2023-03-3110656352core:Vehicles2023-03-3110656352core:FurnitureFittings2023-03-3110656352core:OfficeEquipment2023-03-3110656352core:AfterOneYear2023-03-3110656352core:WithinOneYear2023-03-3110656352core:ListedExchangeTraded2023-03-3110656352core:UnlistedNon-exchangeTraded2023-03-3110656352core:ShareCapital2023-03-3110656352core:SharePremium2023-03-3110656352core:RevaluationReserve2023-03-3110656352core:OtherReservesSubtotal2023-03-3110656352core:RetainedEarningsAccumulatedLosses2023-03-3110656352core:NetGoodwill2022-04-0110656352core:IntangibleAssetsOtherThanGoodwill2022-04-0110656352core:LandBuildings2022-04-0110656352core:PlantMachinery2022-04-0110656352core:Vehicles2022-04-0110656352core:FurnitureFittings2022-04-0110656352core:OfficeEquipment2022-04-0110656352core:AfterOneYear2022-04-0110656352core:WithinOneYear2022-04-0110656352core:ListedExchangeTraded2022-04-0110656352core:UnlistedNon-exchangeTraded2022-04-0110656352core:ShareCapital2022-04-0110656352core:SharePremium2022-04-0110656352core:RevaluationReserve2022-04-0110656352core:OtherReservesSubtotal2022-04-0110656352core:RetainedEarningsAccumulatedLosses2022-04-0110656352core:AfterOneYear2023-04-012024-03-3110656352core:WithinOneYear2023-04-012024-03-3110656352core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3110656352core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3110656352core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3110656352core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3110656352core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3110656352core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3110656352core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3110656352core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3110656352core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3110656352core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3110656352core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3110656352core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3110656352core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3110656352core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3110656352core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3110656352core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3110656352core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3110656352core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3110656352core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3110656352core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3110656352core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3110656352core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3110656352core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3110656352core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3110656352core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3110656352core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3110656352core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3110656352bus:Director12023-04-012024-03-3110656352bus:Director22023-04-012024-03-31

RINGWOOD (WEYMOUTH) LTD

Registered Number
10656352
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

RINGWOOD (WEYMOUTH) LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Kevin John Flower
Timothy Peter Flower

Registered Address

92 The Esplanade
Weymouth
DT4 7AT

Registered Number

10656352 (England and Wales)
RINGWOOD (WEYMOUTH) LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets312,00016,000
12,00016,000
Current assets
Stocks4268,98398,259
Debtors510,13622,516
Cash at bank and on hand217,7181
496,837120,776
Creditors amounts falling due within one year6(139,557)(43,763)
Net current assets (liabilities)357,28077,013
Total assets less current liabilities369,28093,013
Creditors amounts falling due after one year7(336,416)(24,951)
Net assets32,86468,062
Capital and reserves
Called up share capital100100
Profit and loss account32,76467,962
Shareholders' funds32,86468,062
The financial statements were approved and authorised for issue by the Board of Directors on 27 March 2025, and are signed on its behalf by:
Kevin John Flower
Director
Timothy Peter Flower
Director

Registered Company No. 10656352
RINGWOOD (WEYMOUTH) LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
At 01 April 2320,00020,000
At 31 March 2420,00020,000
Depreciation and impairment
At 01 April 234,0004,000
Charge for year4,0004,000
At 31 March 248,0008,000
Net book value
At 31 March 2412,00012,000
At 31 March 2316,00016,000
4.Stocks

2024

2023

££
Work in progress268,98398,259
Total268,98398,259
5.Debtors: amounts due within one year

2024

2023

££
Other debtors10,13622,516
Total10,13622,516
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts25,5007,500
Taxation and social security10,78110,781
Finance lease and HP contracts17,21420,643
Other creditors84,173839
Accrued liabilities and deferred income1,8894,000
Total139,55743,763
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts336,41624,951
Total336,41624,951