Registered number
15656395
Riptide Electrical Ltd
Filleted Accounts
30 April 2025
Riptide Electrical Ltd
Registered number: 15656395
Balance Sheet
as at 30 April 2025
Notes 2025
£
Fixed assets
Tangible assets 3 6,166
Current assets
Debtors 4 1,678
Cash at bank and in hand 10,136
11,814
Creditors: amounts falling due within one year 5 (4,960)
Net current assets 6,854
Total assets less current liabilities 13,020
Creditors: amounts falling due after more than one year 6 (7,500)
Net assets 5,520
Capital and reserves
Called up share capital 100
Profit and loss account 5,420
Shareholder's funds 5,520
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr B D Stanton
Director
Approved by the board on 17 August 2025
Riptide Electrical Ltd
Notes to the Accounts
for the period from 17 April 2024 to 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 1,208 6,500 7,708
At 30 April 2025 1,208 6,500 7,708
Depreciation
Charge for the period 242 1,300 1,542
At 30 April 2025 242 1,300 1,542
Net book value
At 30 April 2025 966 5,200 6,166
4 Debtors 2025
£
Trade debtors 477
Other debtors 1,201
1,678
5 Creditors: amounts falling due within one year 2025
£
Trade creditors 2,940
Other creditors 2,020
4,960
6 Creditors: amounts falling due after one year 2025
£
Other creditors 7,500
7 Other information
Riptide Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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