RIDGESOME LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 03312591 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

RIDGESOME LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr R J Smith

SECRETARY:

Mrs D I Smith

REGISTERED OFFICE:

5 Church Street

Framlingham

WOODBRIDGE

Suffolk

IP13 9BQ

REGISTERED NUMBER:

03312591 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Tangible assets

2

1,015,635

CURRENT ASSETS

Cash at bank

535,619

458,397

CREDITORS

Amounts falling due within one year

1,011,811

972,903

NET CURRENT LIABILITIES

(476,192

)

(514,506

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

539,443

501,129

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

539,343

501,029

SHAREHOLDERS' FUNDS

539,443

501,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 6 December 2016 and were signed by:

Mr R J Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

not provided

The directors consider that freehold properties are maintained in such a state of repair that their

residual value is at least equal to their net book value. As a result, the corresponding depreciation

would not be material and therefore is not charged in the profit and loss account.

The directors perform annual impairment reviews in accordance with the requirements of FRS 15 and

FRS 11 to ensure that the recoverable amount is not lower than the carrying value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

1,015,635

NET BOOK VALUE

At 31 March 2016

1,015,635

At 31 March 2015

1,015,635

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R J Smith.