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REGISTERED NUMBER: 14361279 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Ridgwell Windows Ltd

Ridgwell Windows Ltd (Registered number: 14361279)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ridgwell Windows Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr P Canary
Mr D J Ryan





REGISTERED OFFICE: TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN





REGISTERED NUMBER: 14361279 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Ridgwell Windows Ltd (Registered number: 14361279)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 188,342 211,642
Tangible assets 5 8,210 10,970
196,552 222,612

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 6 96,179 94,423
Cash at bank 15,169 68,370
115,348 166,793
CREDITORS
Amounts falling due within one year 7 (207,022 ) (347,824 )
NET CURRENT LIABILITIES (91,674 ) (181,031 )
TOTAL ASSETS LESS CURRENT LIABILITIES 104,878 41,581

PROVISIONS FOR LIABILITIES (2,052 ) (2,743 )
NET ASSETS 102,826 38,838

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 102,726 38,738
102,826 38,838

Ridgwell Windows Ltd (Registered number: 14361279)

Balance Sheet - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:




Mr D J Ryan - Director



Mr P Canary - Director


Ridgwell Windows Ltd (Registered number: 14361279)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Ridgwell Windows 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. ACCOUNTING POLICIES

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

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable net of VAT calculated under the accruals scheme and trade discounts. Turnover relates to sales within the UK market.

Turnover is recognised ratably over the period it relates. Income not released to the profit and loss account is carried in the balance sheet as deferred income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.


Ridgwell Windows Ltd (Registered number: 14361279)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 233,000
AMORTISATION
At 1 October 2023 21,358
Charge for year 23,300
At 30 September 2024 44,658
NET BOOK VALUE
At 30 September 2024 188,342
At 30 September 2023 211,642

Ridgwell Windows Ltd (Registered number: 14361279)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 13,487
DEPRECIATION
At 1 October 2023 2,517
Charge for year 2,760
At 30 September 2024 5,277
NET BOOK VALUE
At 30 September 2024 8,210
At 30 September 2023 10,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,546 19,461
Amounts owed by group undertakings 88,683 52,589
Other debtors 5,950 22,373
96,179 94,423

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 19,127 49,643
Taxation and social security 44,017 35,882
Other creditors 143,878 262,299
207,022 347,824

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 September 2024 and the period ended 30 September 2023:

30.9.24 30.9.23
£    £   
Mr D J Ryan
Balance outstanding at start of year 10,149 -
Amounts advanced 25,000 135,495
Amounts repaid (33,500 ) (125,346 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,649 10,149

Ridgwell Windows Ltd (Registered number: 14361279)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr P Canary
Balance outstanding at start of year 10,151 -
Amounts advanced 25,000 135,496
Amounts repaid (33,500 ) (125,345 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,651 10,151

9. RELATED PARTY DISCLOSURES

As at the period end the company was owed £52,107 by Rycan Exteriors Ltd (2023: £51,447) and £36,576 (2023: £1,142) by Novaglass (Installations) Limited, companies which Directors Mr P Canary and Mr D J Ryan share joint control by virtue of their majority shareholding.

10. ULTIMATE CONTROLLING PARTY

Directors Mr P Canary and Mr D J Ryan hold joint control by virtue of their majority shareholding in Rycan Exteriors Ltd a company which holds 100% of the share capital in Ridgwell Windows Ltd.