ONBOARD RIBS LTD - Accounts

ONBOARD RIBS LTD

Statement of Financial Position

As at 31 March 2025

	£	2025 £	£	2024 £
Called up share capital not paid		1		1
Fixed assets		11,759		9,564
Current assets	23,763		32,898
Creditors: amount falling due within one year	(20,835)		(16,122)
Net current assets/(liabilities)		2,928		16,776
Total assets less current liabilities		14,688		26,341
Creditors: amount falling due after more than one year		(18,951)		(26,169)
Net assets/(liabilities)		(4,263)		172


Capital and reserves		(4,263)		172

For the 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.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:

----------------------------------
Kevin Redbond
Director

Date approved: 12 December 2025

ONBOARD RIBS LTD

Notes to the Accounts

For the year ended 31 March 2025

Statutory Information

ONBOARD RIBS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11868630, registration address Unit 52, The Innovation Centre Melin House, 4 Meteor Way, Lee-On-Solent, Hampshire, PO13 9FU, United Kingdom.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Cost of sales

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Straight Line
Motor Vehicles	20% Straight Line
Office Equipment	20% Straight Line

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Motor Vehicles	Office Equipment	Total
	£	£	£	£
At 01 April 2024	274	17,470	936	18,680
Additions	5,134	-	-	5,134
At 31 March 2025	5,408	17,470	936	23,814
Depreciation
At 01 April 2024	134	8,525	457	9,116
Charge for year	1,054	1,789	96	2,939
At 31 March 2025	1,188	10,314	553	12,055
Net book values
Closing balance as at 31 March 2025	4,220	7,156	383	11,759
Opening balance as at 01 April 2024	140	8,945	479	9,564

3.	Average number of employees Average number of employees during the year was 1 (2024: 1).