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REGISTERED NUMBER: 00672165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Ron Ramsdens Limited

Ron Ramsdens Limited (Registered number: 00672165)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ron Ramsdens Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: N R Ramsden



SECRETARY: Mrs L J Metcalf



REGISTERED OFFICE: Adam Smith Street
Grimsby
North East Lincs
DN31 1SJ



REGISTERED NUMBER: 00672165 (England and Wales)



BANKERS: HSBC Bank PLC
55 Victoria Street
Grimsby
North East Lincs
DN31 1UX

Ron Ramsdens Limited (Registered number: 00672165)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 215,398
Tangible assets 5 175,417 131,640
Investments 6 4,060 4,060
179,477 351,098

CURRENT ASSETS
Stocks 503,891 699,369
Debtors 7 76,127 1,406,649
Cash at bank and in hand 61,023 68,535
641,041 2,174,553
CREDITORS
Amounts falling due within one year 8 399,275 2,094,060
NET CURRENT ASSETS 241,766 80,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,243

431,591

PROVISIONS FOR LIABILITIES 15,272 8,922
NET ASSETS 405,971 422,669

CAPITAL AND RESERVES
Called up share capital 16,000 16,000
Retained earnings 389,971 406,669
SHAREHOLDERS' FUNDS 405,971 422,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ron Ramsdens Limited (Registered number: 00672165)

Balance Sheet - continued
31 January 2025


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 director and authorised for issue on 14 July 2025 and were signed by:





N R Ramsden - Director


Ron Ramsdens Limited (Registered number: 00672165)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Ron Ramsdens Limited 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 as modified by the revaluation of certain assets.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
The Company has transferred the significant risks and rewards of ownership to the buyer.
The Company retains neither the continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold.
The amount of revenue can be measured reliably
It is probable that the Company will receive the consideration due under the transaction
The costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and an accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:
Land and buildings-at varying rates on cost
Plant and machinery-at varying rates on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Ron Ramsdens Limited (Registered number: 00672165)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Stocks
Goods for resale are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving stocks. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, finished goods for resale are assessed for impairment. If goods for resale are impaired, the carrying amounts are reduced to selling price less costs to complete and sell. The impairment is recognised immediately in the income statement.

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.

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.

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts not paid are shown in other creditors as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits within financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Ron Ramsdens Limited (Registered number: 00672165)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 104 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2024 243,847 4,400 248,247
Disposals (243,847 ) (4,400 ) (248,247 )
At 31 January 2025 - - -
AMORTISATION
At 1 February 2024 28,449 4,400 32,849
Eliminated on disposal (28,449 ) (4,400 ) (32,849 )
At 31 January 2025 - - -
NET BOOK VALUE
At 31 January 2025 - - -
At 31 January 2024 215,398 - 215,398

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 81,109 238,430 319,539
Additions - 127,665 127,665
Disposals - (150,520 ) (150,520 )
At 31 January 2025 81,109 215,575 296,684
DEPRECIATION
At 1 February 2024 - 187,899 187,899
Charge for year - 16,228 16,228
Eliminated on disposal - (82,860 ) (82,860 )
At 31 January 2025 - 121,267 121,267
NET BOOK VALUE
At 31 January 2025 81,109 94,308 175,417
At 31 January 2024 81,109 50,531 131,640

Included in cost of land and buildings is freehold land of £ 81,109 (2024 - £ 81,109 ) which is not depreciated.

Ron Ramsdens Limited (Registered number: 00672165)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2024
and 31 January 2025 4,060
NET BOOK VALUE
At 31 January 2025 4,060
At 31 January 2024 4,060

Cost or valuation at 31 January 2025 is represented by:

Other
investments
£   
Cost 4,060

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 13,572 28,555
Other debtors 62,555 1,378,094
76,127 1,406,649

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts - 1,546,548
Trade creditors 308,527 234,495
Taxation and social security 29,803 119,166
Other creditors 60,945 193,851
399,275 2,094,060

Ron Ramsdens Limited (Registered number: 00672165)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank overdraft - 1,524,786
Bank loans - 21,762
- 1,546,548

Bank loans and overdrafts are secured by way of a floating charge on the Company's assets and fixed charges on its freehold land and its leasehold property and over all its book debts. The bank also holds an unlimited Multilateral Guarantee between D B Ramsden & Company Limited, Ron Ramsdens Limited, George Street Builders Limited and Re-Scan Limited dated 3 January 2013, as approved by the board on 6 March 2013.

At the balance sheet date the total of the contingent liability under the guarantee was £NIL (2024:£1,659,373).

10. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £28,152 (2024: £46,784). Contributions totalling £4,506 (2024: £9,037) were payable to the fund at the reporting date and are included in creditors.

11. RELATED PARTY DISCLOSURES

During the year the company had the following related party transactions:
31.1.25 31.1.24
£ £
Sales of fixed assets made to related parties - 1,085,000
Purchases made from related parties 1,333,502 5,822,456
Amounts owed (to)/from related parties - 1,302,000

The related parties are companies of which Mr N Ramsden is also a director.