| Ridgefield Consulting Limited |
| Registered number: |
07298742 |
| Balance Sheet |
| as at 30 June 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
60,000 |
|
|
6,200 |
| Investments |
5 |
|
|
860,080 |
|
|
704,750 |
|
|
|
|
920,080 |
|
|
710,950 |
|
| Current assets |
| Debtors |
6 |
|
112,730 |
|
|
123,649 |
| Cash at bank and in hand |
|
|
40,543 |
|
|
270,219 |
|
|
|
153,273 |
|
|
393,868 |
|
| Creditors: amounts falling due within one year |
7 |
|
(290,986) |
|
|
(249,579) |
|
| Net current (liabilities)/assets |
|
|
|
(137,713) |
|
|
144,289 |
|
| Total assets less current liabilities |
|
|
|
782,367 |
|
|
855,239 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(499,595) |
|
|
(709,322) |
|
| Provisions for liabilities |
|
|
|
(13,072) |
|
|
- |
|
| Net assets |
|
|
|
269,700 |
|
|
145,917 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
9 |
|
|
55,728 |
|
|
- |
| Profit and loss account |
|
|
|
213,872 |
|
|
145,817 |
|
| Shareholders' funds |
|
|
|
269,700 |
|
|
145,917 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| W B Thomas |
| Director |
| Approved by the board on 31 March 2023 |
|
| Ridgefield Consulting Limited |
| Notes to the Accounts |
| for the year ended 30 June 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% straight line |
|
Motor vehicles |
25% straight line |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Leased assets |
|
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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
11 |
|
10 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 July 2021 |
500,696 |
|
At 30 June 2022 |
500,696 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2021 |
500,696 |
|
At 30 June 2022 |
500,696 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2022 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 July 2021 |
743 |
|
25,950 |
|
26,693 |
|
Additions |
- |
|
68,800 |
|
68,800 |
|
At 30 June 2022 |
743 |
|
94,750 |
|
95,493 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2021 |
743 |
|
19,750 |
|
20,493 |
|
Charge for the year |
- |
|
15,000 |
|
15,000 |
|
At 30 June 2022 |
743 |
|
34,750 |
|
35,493 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2022 |
- |
|
60,000 |
|
60,000 |
|
At 30 June 2021 |
- |
|
6,200 |
|
6,200 |
|
|
| 5 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 July 2021 |
704,750 |
|
Additions |
355,330 |
|
Earn Out Impairment |
(200,000) |
|
|
At 30 June 2022 |
860,080 |
|
|
| 6 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
86,176 |
|
70,440 |
|
Other debtors |
26,554 |
|
53,209 |
|
|
|
|
|
|
112,730 |
|
123,649 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans and overdrafts |
(120) |
|
(120) |
|
Corporation tax |
29,681 |
|
16,177 |
|
Other taxes and social security costs |
58,386 |
|
29,290 |
|
Other creditors |
203,039 |
|
204,232 |
|
|
|
|
|
|
290,986 |
|
249,579 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans |
249,595 |
|
359,322 |
|
Other creditors |
250,000 |
|
350,000 |
|
|
|
|
|
|
499,595 |
|
709,322 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Revaluation reserve |
2022 |
|
2021 |
| £ |
£ |
|
|
Gain on revaluation of fixed assets |
55,728 |
|
- |
|
|
At 30 June 2022 |
55,728 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 10 |
Other information |
|
|
Ridgefield Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Hinksey Court |
|
Church Way |
|
Oxford |
|
Oxfordshire |
|
OX2 9SX |
