REGISTERED NUMBER: 08514678 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Ripley Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D R Gillett

D South

REGISTERED OFFICE:

36 Brunel Way

Fareham

Hampshire

PO15 5SA

REGISTERED NUMBER:

08514678 (England and Wales)

AUDITORS:

Roches

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

FIXED ASSETS

Tangible assets

4

10,258

10,845

CURRENT ASSETS

Stocks

395,241

340,925

Debtors

5

1,057,461

1,790,903

Cash at bank

4,688

161,401

1,457,390

2,293,229

CREDITORS

Amounts falling due within one year

6

976,536

1,886,261

NET CURRENT ASSETS

480,854

406,968

TOTAL ASSETS LESS CURRENT LIABILITIES

491,112

417,813

PROVISIONS FOR LIABILITIES

221

2,175

NET ASSETS

490,891

415,638

CAPITAL AND RESERVES

Called up share capital

400,000

400,000

Retained earnings

90,891

15,638

SHAREHOLDERS' FUNDS

490,891

415,638

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2026 and were signed on its behalf by:

D South - Director

1.	STATUTORY INFORMATION

Ripley Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised as performance obligations are satisfied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its useful economic life.

Land & buildings - Over the term of the lease

Plant & machinery - Straight line over 3-4 years

Stocks

Stocks, work in progress and finished goods are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method.

The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Work in progress and finished goods costs include materials, as incurred, and a relevant proportion of the total labour and overhead costs according to the stage of completion.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.

The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.

Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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.

Critical accounting estimates and judgements

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. These estimates and underlying assumptions are based on historical experience and other factors considered relevant. Actual results may differ from these estimates.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2024 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

31,069

253,739

284,808

Additions

-

9,450

9,450

At 31 December 2025

31,069

263,189

294,258

DEPRECIATION

At 1 January 2025

31,069

242,894

273,963

Charge for year

-

10,037

10,037

At 31 December 2025

31,069

252,931

284,000

NET BOOK VALUE

At 31 December 2025

-

10,258

10,258

At 31 December 2024

-

10,845

10,845

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

328,192

487,526

Amounts owed by group undertakings

518,154

1,123,671

Other debtors

211,115

179,706

1,057,461

1,790,903

Included in trade debtors are amounts totalling £321,754 (2024 - £484,701) covered under an invoice discounting facility.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

88,805

-

Trade creditors

446,354

479,028

Amounts owed to group undertakings

27,649

698,116

Taxation and social security

173,576

238,882

Other creditors

240,152

470,235

976,536

1,886,261

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Roche (Senior Statutory Auditor)

for and on behalf of Roches

8.	CONTINGENT LIABILITIES

The company has guaranteed the borrowings of C & C Industrial Group Limited, Coolers & Condensers Limited & Searle Refrigeration Products Limited. The company is party to a cross composite guarantee arrangement with C & C Industrial Group Limited, Coolers & Condensers Limited & Searle Refrigeration Products Limited in favour of HSBC Bank plc.

9.	OTHER FINANCIAL COMMITMENTS

As at the year end, the company had obligations totalling £1,026,535 (2024 : £1,417,596) under non-cancellable operating leases.

10.	RELATED PARTY DISCLOSURES

Ripley Engineering Limited is a member of a group. Ripley Engineering Limited's parent is CRB Group Limited and ultimate parent is C & C Industrial Group Limited, whose registered address is as follows:

36 Brunel Way

Segensworth East

Fareham

Hampshire

PO15 5SA