Ridgmont (Catering Services) Ltd 31/08/2019 iXBRL

Ridgmont (Catering Services) Ltd 31/08/2019 iXBRL

RIDGMONT(CATERING SERVICES ) LTD - Company Information

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Company registration number: 06170090
Ridgmont (Catering Services) Ltd
Unaudited financial statements
31 August 2019
Ridgmont (Catering Services) Ltd
Contents
Director and other information
Accountants report
Statement of financial position
Notes to the financial statements
Ridgmont (Catering Services) Ltd
Directors and other information
Director Neil Parkinson
Company number 06170090
Registered office Ridgmont House
Chorley Old Road
Horwich
Bolton
BL6 6RF
Business address Ridgmont House
Chorley Old Road
Horwich
Bolton
BL6 6RF
Accountants Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY
Bankers Barclays
Bolton Wellsprings
Leicester
LE87 2BB
Ridgmont (Catering Services) Ltd
Accountants report to the director on the preparation of the
unaudited statutory financial statements of Ridgmont (Catering Services) Ltd
Year ended 31 August 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ridgmont (Catering Services) Ltd for the year ended 31 August 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com.
This report is made solely to the director of Ridgmont (Catering Services) Ltd, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ridgmont (Catering Services) Ltd and state those matters that we have agreed to state to him, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ridgmont (Catering Services) Ltd and its director for our work or for this report.
It is your duty to ensure that Ridgmont (Catering Services) Ltd 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 loss of Ridgmont (Catering Services) Ltd. You consider that Ridgmont (Catering Services) Ltd 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 Ridgmont (Catering Services) Ltd. 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.
Leach Briely
Accountants
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY
27 February 2020
Ridgmont (Catering Services) Ltd
Statement of financial position
31 August 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 4 21,559 26,292
_______ _______
21,559 26,292
Current assets
Stocks 3,300 3,500
Debtors 5 865 1,636
Cash at bank and in hand 4,216 1,166
_______ _______
8,381 6,302
Creditors: amounts falling due
within one year 6 ( 119,048) ( 93,926)
_______ _______
Net current liabilities ( 110,667) ( 87,624)
_______ _______
Total assets less current liabilities ( 89,108) ( 61,332)
Creditors: amounts falling due
after more than one year 7 - ( 6,250)
_______ _______
Net liabilities ( 89,108) ( 67,582)
_______ _______
Capital and reserves
Called up share capital 8 6 6
Profit and loss account ( 89,114) ( 67,588)
_______ _______
Shareholder deficit ( 89,108) ( 67,582)
_______ _______
For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 February 2020 , and are signed on behalf of the board by:
Neil Parkinson
Director
Company registration number: 06170090
Ridgmont (Catering Services) Ltd
Notes to the financial statements
Year ended 31 August 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ridgmont House, Chorley Old Road, Horwich, Bolton, BL6 6RF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared on the historical cost basis. The financial statements are prepared in sterling, which is the funcional currency of the entity.
Going concern
The company continues to rely upon the ongoing financial support of its creditors, particularly its director in respect of his outstanding directors loan account, to facilitate the continuation of its trading activity. The director has agreed to only withdraw his loan account in small tranches as and when cash flow permits and is therefore able to prepare the financial statements on the basis of the going concern concept.
Turnover
Turnover is measured at the fair value of the consideration receivable for events catering services provided, net of value added tax.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income.Current tax is recognised on taxable profit for the current period. Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 18 % reducing balance
Motor vehicle - 18 % reducing balance
Stocks
Stocks are measured at cost.
4. Tangible assets
Fixtures, fittings and equipment Motor vehicle Total
£ £ £
Cost
At 1 September 2018 and 31 August 2019 62,385 2,576 64,961
_______ _______ _______
Depreciation
At 1 September 2018 37,047 1,622 38,669
Charge for the year 4,561 172 4,733
_______ _______ _______
At 31 August 2019 41,608 1,794 43,402
_______ _______ _______
Carrying amount
At 31 August 2019 20,777 782 21,559
_______ _______ _______
At 31 August 2018 25,338 954 26,292
_______ _______ _______
5. Debtors
2019 2018
£ £
Other debtors 865 1,636
_______ _______
6. Creditors: amounts falling due within one year
2019 2018
£ £
Bank loan 6,250 11,811
Trade creditors 8,554 5,282
Social security and other taxes 24,748 22,102
Other creditors 79,496 54,731
_______ _______
119,048 93,926
_______ _______
7. Creditors: amounts falling due after more than one year
2019 2018
£ £
Bank loan - 6,250
_______ _______
8. Called up share capital
Issued, called up and fully paid
2019 2018
No £ No £
Ordinary shares of £ 1.00 each 4 4 4 4
Preference shares of £ 1.00 each 2 2 2 2
_______ _______ _______ _______
6 6 6 6
_______ _______ _______ _______