Riptec Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 09091786

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,909		9,205

			5,909		9,205
CURRENT ASSETS
Debtors	5	90,735		85,900
Cash at bank and in hand		22,069		29,833

		112,804		115,733
Creditors: Amounts Falling Due Within One Year	6	(35,000 )		(40,113 )

NET CURRENT ASSETS (LIABILITIES)			77,804		75,620

TOTAL ASSETS LESS CURRENT LIABILITIES			83,713		84,825

Creditors: Amounts Falling Due After More Than One Year	7		(184,479 )		(215,264 )

NET LIABILITIES			(100,766 )		(130,439 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(100,866 )		(130,539 )

SHAREHOLDERS' FUNDS			(100,766)		(130,439)

For the year ending 31 December 2024 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Trowbridge

Director

19 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Riptec Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09091786 . The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	5 years striaght line
Computer Equipment	5 years striaght line

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	16,068	2,161	18,229

As at 31 December 2024	16,068	2,161	18,229

Depreciation
As at 1 January 2024	7,296	1,728	9,024
Provided during the period	2,863	433	3,296

As at 31 December 2024	10,159	2,161	12,320

Net Book Value
As at 31 December 2024	5,909	-	5,909

As at 1 January 2024	8,772	433	9,205

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Page 3

Riptec Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	87,590	85,448
VAT	3,145	452

	90,735	85,900

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	5,113
Other creditors	35,000	35,000

	35,000	40,113

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	17,500	27,500
Directors loan account	166,979	187,764

	184,479	215,264

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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