REGISTERED NUMBER: 08145311 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 July 2025

for

Ridgways Hearing Care Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

3,475

6,949

Tangible assets

5

52,117

65,393

55,592

72,342

CURRENT ASSETS

Stocks

6,700

5,175

Debtors

6

59,499

66,381

Cash at bank and in hand

30,910

105

97,109

71,661

CREDITORS

Amounts falling due within one year

7

111,064

97,794

NET CURRENT LIABILITIES

(13,955

)

(26,133

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,637

46,209

CREDITORS

Amounts falling due after more than one year

8

(33,274

)

(38,256

)

PROVISIONS FOR LIABILITIES

(5,618

)

(5,264

)

NET ASSETS

2,745

2,689

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,645

2,589

SHAREHOLDERS' FUNDS

2,745

2,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2026 and were signed by:

Mrs A Ridgway - Director

1.	STATUTORY INFORMATION

Ridgways Hearing Care Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08145311

Registered office:

25 Marsh Parade

Newcastle

Staffordshire

ST5 1BT

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 29 July 2024

and 28 July 2025

58,000

21,794

79,794

AMORTISATION

At 29 July 2024

58,000

14,845

72,845

Amortisation for year

-

3,474

3,474

At 28 July 2025

58,000

18,319

76,319

NET BOOK VALUE

At 28 July 2025

-

3,475

3,475

At 28 July 2024

-

6,949

6,949

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 29 July 2024

53,849

29,380

18,970

Additions

-

231

333

At 28 July 2025

53,849

29,611

19,303

DEPRECIATION

At 29 July 2024

19,386

17,649

12,742

Charge for year

6,893

2,392

1,312

At 28 July 2025

26,279

20,041

14,054

NET BOOK VALUE

At 28 July 2025

27,570

9,570

5,249

At 28 July 2024

34,463

11,731

6,228

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 29 July 2024

5,250

35,757

143,206

Additions

-

-

564

At 28 July 2025

5,250

35,757

143,770

DEPRECIATION

At 29 July 2024

3,035

25,001

77,813

Charge for year

554

2,689

13,840

At 28 July 2025

3,589

27,690

91,653

NET BOOK VALUE

At 28 July 2025

1,661

8,067

52,117

At 28 July 2024

2,215

10,756

65,393

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 29 July 2024

5,250

Transfer to ownership

(5,250

)

At 28 July 2025

-

DEPRECIATION

At 29 July 2024

3,035

Charge for year

553

Transfer to ownership

(3,588

)

At 28 July 2025

-

NET BOOK VALUE

At 28 July 2025

-

At 28 July 2024

2,215

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,467

10,024

Other debtors

41,032

56,357

59,499

66,381

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

12,469

Hire purchase contracts

-

729

Trade creditors

62,455

34,391

Taxation and social security

34,243

35,977

Other creditors

9,366

14,228

111,064

97,794

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

22,038

24,664

Other creditors

11,236

13,592

33,274

38,256

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

729

Secured debt

12,647

18,289

12,647

19,018

A loan from Starkey Laboratories Limited which is secured by way of a fixed and floating charge over the assets of the company.

10.	FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included within the balance sheet amount to £30,980 (2024 £43,300.This financial commitment represents the total amount of payments remaining on leases ending July 2025.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 July 2025 and the period ended 28 July 2024:

2025

2024

£

£

Mrs A Ridgway

Balance outstanding at start of year

28,118

49,583

Amounts advanced

13,477

-

Amounts repaid

(29,315

)

(21,465

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,280

28,118

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Ridgways Hearing Care Holdings Ltd which owns 100% of the company's share capital. The ultimate controlling party is the director of Ridgways Hearing Care Holdings Ltd by virtue of her 100% shareholding in that company.