Company Registration No. SC227200 (Scotland)
Ritchie & Goodwin Limited
Unaudited accounts
for the year ended 31 March 2025
Ritchie & Goodwin Limited
Unaudited accounts
Contents
Ritchie & Goodwin Limited
Company Information
for the year ended 31 March 2025
Directors
William Dennis Walden
Alvaro De Melo
Secretary
William Dennis Walden
Company Number
SC227200 (Scotland)
Registered Office
98 Ravenscroft Street
Edinburgh
EH17 8QP
Scotland
Ritchie & Goodwin Limited
Statement of financial position
as at 31 March 2025
Tangible assets
20,807
14,526
Cash at bank and in hand
14,221
30,468
Creditors: amounts falling due within one year
(29,339)
(32,946)
Net current assets
65,206
101,693
Total assets less current liabilities
86,013
116,219
Creditors: amounts falling due after more than one year
(11,600)
-
Called up share capital
100
100
Profit and loss account
74,313
116,119
Shareholders' funds
74,413
116,219
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by
William Dennis Walden
Director
Company Registration No. SC227200
Ritchie & Goodwin Limited
Notes to the Accounts
for the year ended 31 March 2025
Ritchie & Goodwin Limited is a private company, limited by shares, registered in Scotland, registration number SC227200. The registered office is 98 Ravenscroft Street, Edinburgh, EH17 8QP, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all
tangible fixed assets as follows:
Plant & machinery
Straight Line 4 years
Motor vehicles
Reducing Balance 25%
Computer equipment
Straight Line 4 years
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of
intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been amortised evenly over its estimated useful life of 10 years.
4
Intangible fixed assets
Goodwill
Ritchie & Goodwin Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
22,547
46,522
6,253
75,322
Additions
-
14,000
-
14,000
Disposals
-
(5,220)
-
(5,220)
At 31 March 2025
22,547
55,302
6,253
84,102
At 1 April 2024
22,460
32,081
6,255
60,796
Charge for the year
87
2,412
-
2,499
At 31 March 2025
22,547
34,493
6,255
63,295
At 31 March 2025
-
20,809
(2)
20,807
At 31 March 2024
87
14,441
(2)
14,526
Work in progress
25,000
25,000
Amounts falling due within one year
Trade debtors
54,324
73,171
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
12,532
17,911
Taxes and social security
13,014
12,908
Loans from directors
102
103
9
Creditors: amounts falling due after more than one year
2025
2024
Ritchie & Goodwin Limited
Notes to the Accounts
for the year ended 31 March 2025
10
Transactions with related parties
LLM Solutions Ltd
During the year, the company was charged £NIL (2024: NIL) in respect of rent due to LLM Solutions Ltd, a company controlled by the directors. Included in 'Other creditors' is an amount of £11,600 (2024: £5,000 due from) due to LLM Solutions Ltd to the company. The loan is interest free and has no fixed terms for repayment
M Beatson Director
Included in 'Other creditors' is an amount of £103 (2024: £103) due to the director, W Beatson, from the company. The loan is interest free and has no fixed terms for repayment
11
Average number of employees
During the year the average number of employees was 10 (2024: 9).