Registered Number:NI665082 |
For the year ended 31 October 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 31 October 2024
Ripple Creative Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Ripple Creative Limited
Statement of Financial Position
2023
2024
-
4,800
2
Property, plant and equipment |
17,308
14,597
3
140,000
-
157,308
19,397
31,444
44,369
4
Trade and other receivables |
43,813
81,881
5
136,216
Cash and cash equivalents |
43,092
169,342
211,473
Trade and other payables: amounts falling due within one |
year |
(92,000)
(146,319)
6
119,473
23,023
Net current assets
Total assets less current liabilities |
180,331
138,870
Trade and other payables: amounts falling due after more |
than one year |
(6,387)
(2,411)
7
177,920
Net assets
132,483
22
22
177,898
132,461
177,920
132,483
Shareholders' funds
For the year ended 31 October 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 October 2024
Ripple Creative Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 17 April 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 October 2024
Ripple Creative Limited
Notes to the Financial Statements
Statutory Information
Ripple Creative Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
number NI665082. |
197 Coolmillish Road
Tassagh
County Armagh
BT60 2QW
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 October 2024
Ripple Creative Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
24,000
24,000
19,200
4,800
Charge for year
24,000
-
4,800
3. Property, plant and equipment |
26,170
15,133
10,037
1,000
8,093
8,093
-
-
1,000
10,037
23,226
34,263
Provision for depreciation and impairment |
11,573
6,344
4,639
590
Charge for year
5,382
4,220
1,080
82
16,955
10,564
5,719
672
328
4,318
12,662
17,308
410
5,398
8,789
14,597
2023
2024
44,369
31,444
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For the year ended 31 October 2024
Ripple Creative Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
81,881
43,813
6. Trade and other payables: amounts falling due within one year |
2023
2024
4,262
4,262
3,967
2,629
Taxation and social security |
58,816
38,851
79,274
46,258
146,319
92,000
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
2,411
6,387
8. Average number of persons employed |
During the year the average number of employees was 8 (2023 : 6)
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