2023-11-01 NI665082 2024-10-31 NI665082 2023-11-01 2024-10-31 NI665082 2023-10-31 NI665082 2022-11-01 2023-10-31 NI665082 uk-core:WithinOneYear 2023-10-31 NI665082 uk-core:WithinOneYear 2024-10-31 NI665082 uk-core:AfterOneYear 2023-10-31 NI665082 uk-core:AfterOneYear 2024-10-31 NI665082 uk-core:ShareCapital 2024-10-31 NI665082 uk-core:ShareCapital 2023-10-31 NI665082 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI665082 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI665082 uk-bus:Director1 2023-11-01 2024-10-31 NI665082 uk-core:NetGoodwill 2023-11-01 2024-10-31 NI665082 uk-core:PlantMachinery 2023-11-01 2024-10-31 NI665082 uk-core:ComputerEquipment 2023-11-01 2024-10-31 NI665082 uk-core:FurnitureFittings 2023-11-01 2024-10-31 NI665082 uk-core:Goodwill 2023-10-31 NI665082 uk-core:Goodwill 2024-10-31 NI665082 uk-core:Goodwill 2023-11-01 2024-10-31 NI665082 uk-core:ComputerEquipment 2023-10-31 NI665082 uk-core:FurnitureFittings 2023-10-31 NI665082 uk-core:PlantMachinery 2023-10-31 NI665082 uk-core:PlantMachinery 2024-10-31 NI665082 uk-core:FurnitureFittings 2024-10-31 NI665082 uk-core:ComputerEquipment 2024-10-31 NI665082 uk-core:WithinOneYear 2024-10-31 NI665082 uk-core:WithinOneYear 2023-10-31 NI665082 uk-core:AfterOneYear uk-core:Secured 2024-10-31 NI665082 uk-core:AfterOneYear uk-core:Secured 2023-10-31 iso4217:GBP xbrli:pure NI665082 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 NI665082 uk-bus:FRS102 2023-11-01 2024-10-31 NI665082 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 NI665082 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
Ripple Creative Limited
Registered Number:NI665082
For the year ended 31 October 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 October 2024
Ripple Creative Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
NI665082
As at 31 October 2024
Ripple Creative Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
-
4,800
2
Property, plant and equipment
17,308
14,597
3
140,000
-
Investment property
157,308
19,397
Current assets
Inventories
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
Capital and reserves
Called up share capital
22
22
Retained earnings
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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4
Registered Number :
NI665082
For the year ended 31 October 2024
Ripple Creative Limited
Statement of Financial Position Continued
Mr Colm Boylan Director
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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5
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.
Registered address:
197 Coolmillish Road
Tassagh
County Armagh
BT60 2QW
The presentation currency is £ sterling.
1. Accounting policies
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
20%
25%
Computer Equipment
20%
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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6
For the year ended 31 October 2024
Ripple Creative Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 November 2023
24,000
At 31 October 2024
24,000
Amortisation
At 01 November 2023
19,200
4,800
Charge for year
At 31 October 2024
24,000
Net book value
At 31 October 2024
-
At 31 October 2023
4,800
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 November 2023
26,170
15,133
10,037
1,000
8,093
8,093
-
-
Additions
At 31 October 2024
1,000
10,037
23,226
34,263
Provision for depreciation and impairment
At 01 November 2023
11,573
6,344
4,639
590
Charge for year
5,382
4,220
1,080
82
At 31 October 2024
16,955
10,564
5,719
672
At 31 October 2024
Net book value
328
4,318
12,662
17,308
At 31 October 2023
410
5,398
8,789
14,597
4. Inventories
2023
2024
£
£
Stocks
44,369
31,444
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7
For the year ended 31 October 2024
Ripple Creative Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
81,881
43,813
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
4,262
4,262
Trade creditors
3,967
2,629
Taxation and social security
58,816
38,851
Other creditors
79,274
46,258
146,319
92,000
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
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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