Company Registration No. 11280091 (England and Wales)
The Ready House Ltd
Unaudited accounts
for the year ended 31 March 2025
The Ready House Ltd
Unaudited accounts
Contents
The Ready House Ltd
Company Information
for the year ended 31 March 2025
Company Number
11280091 (England and Wales)
Registered Office
Highland
Main Road
Knockholt
Sevenoaks
Kent
TN14 7NT
England
The Ready House Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
95,550
140,931
Cash at bank and in hand
179,024
186,142
Creditors: amounts falling due within one year
(89,534)
(110,769)
Net current assets
244,173
318,590
Total assets less current liabilities
339,723
459,521
Creditors: amounts falling due after more than one year
(53,982)
(93,468)
Net assets
285,741
366,053
Called up share capital
1
1
Profit and loss account
285,740
366,052
Shareholders' funds
285,741
366,053
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 5 November 2025 and were signed on its behalf by
Koral Ibrahim
Director
Company Registration No. 11280091
The Ready House Ltd
Notes to the Accounts
for the year ended 31 March 2025
The Ready House Ltd is a private company, limited by shares, registered in England and Wales, registration number 11280091. The registered office is Highland, Main Road, Knockholt, Sevenoaks, Kent, TN14 7NT, England.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
over 5 years
Motor vehicles
over 5 years
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Ready House Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Total
Charge for the year
45,381
5
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
10,825
-
Later than one year and not later than five years
6,152
-
On 7 March 2025, the company made an interest free loan of £9,739 to one director. This loan is unsecured, interest free and repayable on demand. The company received repayments of £9,739.
7
Average number of employees
During the year the average number of employees was 9 (2024: 9).