1 April 2023 false No description of principal activity Taxfiler 2024.6 08299746 business:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08299746 2023-03-31 08299746 2023-04-01 2024-03-31 08299746 business:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08299746 business:FilletedAccounts 2023-04-01 2024-03-31 08299746 2024-03-31 08299746 business:Director1 2023-04-01 2024-03-31 08299746 2023-03-31 08299746 core:WithinOneYear 2024-03-31 08299746 core:WithinOneYear 2023-03-31 08299746 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 08299746 core:ShareCapital core:PreviouslyStatedAmount 2023-03-31 08299746 core:CapitalRedemptionReserve core:PreviouslyStatedAmount 2024-03-31 08299746 core:CapitalRedemptionReserve core:PreviouslyStatedAmount 2023-03-31 08299746 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 08299746 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-03-31 08299746 core:PreviouslyStatedAmount 2024-03-31 08299746 core:PreviouslyStatedAmount 2023-03-31 08299746 business:SmallEntities 2023-04-01 2024-03-31 08299746 countries:EnglandWales 2023-04-01 2024-03-31 08299746 core:PlantMachinery 2023-04-01 2024-03-31 08299746 core:MotorVehicles 2023-04-01 2024-03-31 08299746 core:PlantMachinery 2023-03-31 08299746 core:MotorVehicles 2023-03-31 08299746 core:PlantMachinery 2024-03-31 08299746 core:MotorVehicles 2024-03-31 08299746 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08299746 (England and Wales)
Ridgeway Racing Engines Ltd Unaudited accounts for the year ended 31 March 2024
Ridgeway Racing Engines Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Ridgeway Racing Engines Ltd Company Information for the year ended 31 March 2024
Director
Paul Richard Broadway
Company Number
08299746 (England and Wales)
- 3 -
Ridgeway Racing Engines Ltd Statement of financial position as at 31 March 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
8,678
10,847
Current assets
Inventories
85,000
85,000
Debtors
5
739
13,562
Cash at bank and in hand
(5,031)
1,644
80,708
100,206
Creditors: amounts falling due within one year
6
(80,826)
(130,999)
Net current liabilities
(118)
(30,793)
Net assets/(liabilities)
8,560
(19,946)
Capital and reserves
Called up share capital
(100)
(100)
Capital redemption reserve
100
100
Profit and loss account
8,560
(19,946)
Shareholders' funds
8,560
(19,946)
For the year ending 31 March 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 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 1 September 2025 and were signed on its behalf by
Paul Richard Broadway Director Company Registration No. 08299746
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Ridgeway Racing Engines Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Ridgeway Racing Engines Ltd is a private company, limited by shares, registered in England and Wales, registration number 08299746.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
20%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2023
36,735
3,000
39,735
At 31 March 2024
36,735
3,000
39,735
Depreciation
At 1 April 2023
26,674
2,214
28,888
Charge for the year
2,012
157
2,169
At 31 March 2024
28,686
2,371
31,057
Net book value
At 31 March 2024
8,049
629
8,678
At 31 March 2023
10,061
786
10,847
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Ridgeway Racing Engines Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
739
11,146
Trade debtors
-
2,375
Accrued income and prepayments
-
41
739
13,562
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
47,601
43,379
Trade creditors
-
100,355
Taxes and social security
-
(100)
Loans from directors
32,225
(15,384)
Accruals
1,000
2,749
80,826
130,999
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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