C & J Riddell Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05540028 (England and Wales)

C & J Riddell Limited

Unaudited Financial Statements

For The Year Ended

31st August 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

Chartered Accountants' Report

5

DIRECTORS:

C B Riddell

J K Riddell

SECRETARY:

J K Riddell

REGISTERED OFFICE:

8 Hopper Way

Diss

Norfolk

IP22 4GT

REGISTERED NUMBER:

05540028 (England and Wales)

ACCOUNTANTS:

Haines Watts

8 Hopper Way

Diss

Norfolk

IP22 4GT

FIXED ASSETS

Tangible assets

4

2,551

1,763

CURRENT ASSETS

Debtors

5

6,818

5,418

Cash at bank and in hand

300,964

349,663

307,782

355,081

CREDITORS

Amounts falling due within one year

6

114,813

231,119

NET CURRENT ASSETS

192,969

123,962

TOTAL ASSETS LESS CURRENT LIABILITIES

195,520

125,725

PROVISIONS FOR LIABILITIES

485

326

NET ASSETS

195,035

125,399

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

194,935

125,299

SHAREHOLDERS' FUNDS

195,035

125,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th April 2022 and were signed on its behalf by:

C B Riddell - Director

1.	STATUTORY INFORMATION

C & J Riddell 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.

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.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

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

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 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st September 2020

424

8,723

9,147

Additions

-

1,311

1,311

At 31st August 2021

424

10,034

10,458

DEPRECIATION

At 1st September 2020

315

7,069

7,384

Charge for year

27

496

523

At 31st August 2021

342

7,565

7,907

NET BOOK VALUE

At 31st August 2021

82

2,469

2,551

At 31st August 2020

109

1,654

1,763

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

2,857

5,418

Other debtors

3,961

-

6,818

5,418

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

33,803

67,443

Other creditors

81,010

163,676

114,813

231,119

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

1

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2021 and 31st August 2020:

2021

2020

£

£

C B Riddell and J K Riddell

Balance outstanding at start of year

-

163,430

Amounts repaid

-

(163,430

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest of 2.5% is being charged on the above loan. The loan was cleared within 9 months of the year end.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C & J Riddell Limited for the year ended 31st August 2021 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of C & J Riddell Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C & J Riddell Limited and state those matters that we have agreed to state to the Board of Directors of C & J Riddell Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C & J Riddell Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C & J Riddell Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C & J Riddell Limited. You consider that C & J Riddell Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C & J Riddell Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

8 Hopper Way

Diss

Norfolk

IP22 4GT

Date: .............................................