Company registration number 09797962 (England and Wales)
RIPPED KIT LIMITED
Unaudited Financial Statements
for the Year Ended 31 March 2025
RIPPED KIT LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
3
-
3,250
Cash at bank and in hand
208
384
208
3,634
Creditors: amounts falling due within one year
4
(35,034)
(30,874)
Net current liabilities
(34,826)
(27,240)
Creditors: amounts falling due after more than one year
5
(6,333)
(7,600)
Net liabilities
(41,159)
(34,840)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(41,160)
(34,841)
Total equity
(41,159)
(34,840)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 26 September 2025
Mr T W Hemsley
Director
Company registration number 09797962 (England and Wales)
RIPPED KIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Ripped Kit Limited is a private company limited by shares incorporated in England and Wales. The registered office is .

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

1.7
Leases
As lessee
RIPPED KIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
- 3 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Stocks
2025
2024
£
£
Stocks
-
3,250
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
1,267
1,267
Trade creditors
951
575
Other creditors
32,816
29,032
35,034
30,874
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
6,333
7,600
6
Loans and overdrafts
2025
2024
£
£
Bank loans
7,600
8,867
Payable within one year
1,267
1,267
Payable after one year
6,333
7,600
RIPPED KIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
6
Loans and overdrafts
- 4 -

Bank borrowings

Bounce Back Loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 31 May 2030. The carrying amount at year end is £7,600 (2024 - £8,867).

This loan is unsecured.

2025-03-31 2024-04-01 false false false 26 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr TWN Hemsley 09797962 2024-04-01 2025-03-31 09797962 2025-03-31 09797962 2024-03-31 09797962 core:ShareCapital 2025-03-31 09797962 core:ShareCapital 2024-03-31 09797962 core:RetainedEarningsAccumulatedLosses 2025-03-31 09797962 core:RetainedEarningsAccumulatedLosses 2024-03-31 09797962 bus:Director1 2024-04-01 2025-03-31 09797962 2023-04-01 2024-03-31 09797962 core:CurrentFinancialInstruments 2025-03-31 09797962 core:CurrentFinancialInstruments 2024-03-31 09797962 core:Non-currentFinancialInstruments 2025-03-31 09797962 core:Non-currentFinancialInstruments 2024-03-31 09797962 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09797962 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09797962 bus:FRS102 2024-04-01 2025-03-31 09797962 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09797962 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP