K.F. Ridsdale (Yorkshire) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01497879 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2021

for

K.F. Ridsdale (Yorkshire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K F Ridsdale

J M Ridsdale

Mrs F C Ridsdale-Simpson

SECRETARY:

Mrs J Ridsdale

REGISTERED OFFICE:

Aketon Bungalow

Follifoot

Harrogate

HG3 1EG

REGISTERED NUMBER:

01497879 (England and Wales)

ACCOUNTANTS:

Mitchell Wellock Limited

Unit 24, Skipton Auction Mart

Gargrave Road

Skipton

North Yorkshire

BD23 1UD

FIXED ASSETS

Tangible assets

4

1,389,882

1,480,904

CURRENT ASSETS

Stocks

15,000

15,000

Debtors

5

187,974

152,994

Cash at bank

353,862

454,068

556,836

622,062

CREDITORS

Amounts falling due within one year

6

326,089

438,208

NET CURRENT ASSETS

230,747

183,854

TOTAL ASSETS LESS CURRENT LIABILITIES

1,620,629

1,664,758

CREDITORS

Amounts falling due after more than one year

7

(409,077

)

(453,332

)

PROVISIONS FOR LIABILITIES

(61,682

)

(59,724

)

NET ASSETS

1,149,870

1,151,702

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,149,770

1,151,602

1,149,870

1,151,702

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 30 May 2022 and were signed on its behalf by:

Mrs F C Ridsdale-Simpson - Director

1.	STATUTORY INFORMATION

K.F. Ridsdale (Yorkshire) 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, 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.

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 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.

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 9 (2020 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 September 2020

1,043,366

14,200

270,250

Additions

-

7,673

-

At 31 August 2021

1,043,366

21,873

270,250

DEPRECIATION

At 1 September 2020

-

-

198,706

Charge for year

-

-

10,732

At 31 August 2021

-

-

209,438

NET BOOK VALUE

At 31 August 2021

1,043,366

21,873

60,812

At 31 August 2020

1,043,366

14,200

71,544

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2020

1,185,222

280

2,513,318

Additions

-

-

7,673

At 31 August 2021

1,185,222

280

2,520,991

DEPRECIATION

At 1 September 2020

833,447

261

1,032,414

Charge for year

87,944

19

98,695

At 31 August 2021

921,391

280

1,131,109

NET BOOK VALUE

At 31 August 2021

263,831

-

1,389,882

At 31 August 2020

351,775

19

1,480,904

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Trade debtors

187,974

152,994

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans and overdrafts

55,455

55,455

Trade creditors

30,895

139,514

Tax

28,006

37,432

Social security and other taxes

7,024

6,500

VAT

33,648

31,465

Other creditors

6,700

4,600

Directors' loan accounts

159,441

157,442

Accrued expenses

4,920

5,800

326,089

438,208

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans - 1-2 years

409,077

453,332