Ridgeway Surveys Limited - Filleted accounts

Registered number

07929600

Ridgeway Surveys Limited

Filleted Accounts

31 March 2025

Ridgeway Surveys Limited
Registered number:		07929600
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		375,877			393,173

Current assets
Stocks		190			190
Debtors	4	138,011			180,878
Cash at bank and in hand		239,395			231,127
		377,596			412,195

Creditors: amounts falling due within one year	5	(140,536)			(178,501)

Net current assets			237,060			233,694

Total assets less current liabilities			612,937			626,867

Creditors: amounts falling due after more than one year	6		(98,689)			(139,326)



Net assets			514,248			487,541

Capital and reserves
Called up share capital			100			100
Profit and loss account			514,148			487,441

Shareholders' funds			514,248			487,541

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




R M Bonnington
Director
Approved by the board on 10 September 2025

Ridgeway Surveys Limited
Notes to the Accounts
for the year ended 31 March 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			at 25% on cost
	Motor vehicles			at 25% on 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					14		14


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	337,248		139,261		57,230		533,739
	Additions	-		19,001		-		19,001
	Disposals	-		(54,102)		-		(54,102)
	At 31 March 2025	337,248		104,160		57,230		498,638

	Depreciation
	At 1 April 2024	-		108,530		32,036		140,566
	Charge for the year	-		25,788		10,509		36,297
	On disposals	-		(54,102)		-		(54,102)
	At 31 March 2025	-		80,216		42,545		122,761

	Net book value
	At 31 March 2025	337,248		23,944		14,685		375,877
	At 31 March 2024	337,248		30,731		25,194		393,173


4	Debtors					2025		2024
£							£

	Trade debtors					131,151		168,792
	Other debtors					6,860		12,086
						138,011		180,878


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,777		11,917
	Trade creditors					6,653		13,356
	Taxation and social security costs					51,493		61,128
	Sundry creditors					7,525		7,197
	Other creditors					64,088		84,903
						140,536		178,501


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					59,689		100,326
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					39,000		39,000
						98,689		139,326

	Above bank loan has a charge on unit 10 Chiltern Court, Asheridge Road, Chesham HP5 2PX
	dated 11/3/2022.

7	Other information

	Ridgeway Surveys Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 10 Chiltern Court
	Asheridge Road
	Chesham
	Bucks
	HP5 2PX