Company Registration No. 7245107 (England and Wales)
Ricky Payne Ltd
Unaudited accounts
for the year ended 31 May 2025
Ricky Payne Ltd
Unaudited accounts
Contents
Ricky Payne Ltd
Company Information
for the year ended 31 May 2025
Company Number
7245107 (England and Wales)
Registered Office
19 QUEENSBRIDGE ROAD
LONDON
E8 4QE
Accountants
David Meyer FCCA
2 Downage
London
NW4 1AA
Ricky Payne Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
25,845
34,393
Cash at bank and in hand
33,065
20,172
Creditors: amounts falling due within one year
(75,453)
(51,966)
Net current liabilities
(19,809)
(21,546)
Total assets less current liabilities
6,036
12,847
Creditors: amounts falling due after more than one year
(5,637)
(10,799)
Called up share capital
100
100
Profit and loss account
299
1,948
Shareholders' funds
399
2,048
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 25 September 2025 and were signed on its behalf by
Ricky Payne
Director
Company Registration No. 7245107
Ricky Payne Ltd
Notes to the Accounts
for the year ended 31 May 2025
Ricky Payne Ltd is a private company, limited by shares, registered in England and Wales, registration number 7245107. The registered office is 19 QUEENSBRIDGE ROAD, LONDON, E8 4QE.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2024
27,772
47,350
75,122
At 31 May 2025
27,772
47,350
75,122
At 1 June 2024
20,013
20,716
40,729
Charge for the year
8,548
-
8,548
At 31 May 2025
28,561
20,716
49,277
At 31 May 2025
(789)
26,634
25,845
At 31 May 2024
7,759
26,634
34,393
Ricky Payne Ltd
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Accrued income and prepayments
617
617
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
1,372
4,526
Taxes and social security
29,478
22,412
Loans from directors
22,238
16,768
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).