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REGISTERED NUMBER: 10021384 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

RYDAL SECURITY LTD

RYDAL SECURITY LTD (REGISTERED NUMBER: 10021384)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RYDAL SECURITY LTD

COMPANY INFORMATION
For The Year Ended 30 November 2021







DIRECTOR: S J Dancy





REGISTERED OFFICE: Elwes House
19 Church Walk
Peterborough
Cambridgeshire
PE1 2TP





REGISTERED NUMBER: 10021384 (England and Wales)





ACCOUNTANTS: Fortus Business Advisors & Accountants
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

RYDAL SECURITY LTD (REGISTERED NUMBER: 10021384)

STATEMENT OF FINANCIAL POSITION
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,250 2,500
Tangible assets 5 30,172 10,560
Investments 6 100 100
31,522 13,160

CURRENT ASSETS
Stocks 9,944 10,225
Debtors 7 44,807 27,107
Cash at bank 90,743 113,600
145,494 150,932
CREDITORS
Amounts falling due within one year 8 111,658 103,850
NET CURRENT ASSETS 33,836 47,082
TOTAL ASSETS LESS CURRENT LIABILITIES 65,358 60,242

CREDITORS
Amounts falling due after more than
one year

9

(9,489

)

-

PROVISIONS FOR LIABILITIES (5,733 ) (2,006 )
NET ASSETS 50,136 58,236

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,036 58,136
50,136 58,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

RYDAL SECURITY LTD (REGISTERED NUMBER: 10021384)

STATEMENT OF FINANCIAL POSITION - continued
30 November 2021


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 director and authorised for issue on 3 August 2022 and were signed by:





S J Dancy - Director


RYDAL SECURITY LTD (REGISTERED NUMBER: 10021384)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2021


1. STATUTORY INFORMATION

Rydal Security Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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 statement of financial position date.


RYDAL SECURITY LTD (REGISTERED NUMBER: 10021384)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern: covid-19
The director has considered the impact of COVID-19 in relation to the assessment of going concern and in his opinion he has taken all reasonable steps to mitigate these factors. As at the point of authorising the accounts, and for the foreseeable future, the director considers the going concern assumption to still be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 5,000
AMORTISATION
At 1 December 2020 2,500
Charge for year 1,250
At 30 November 2021 3,750
NET BOOK VALUE
At 30 November 2021 1,250
At 30 November 2020 2,500

RYDAL SECURITY LTD (REGISTERED NUMBER: 10021384)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2021


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020 15,514
Additions 33,500
Disposals (9,730 )
At 30 November 2021 39,284
DEPRECIATION
At 1 December 2020 4,954
Charge for year 7,547
Eliminated on disposal (3,389 )
At 30 November 2021 9,112
NET BOOK VALUE
At 30 November 2021 30,172
At 30 November 2020 10,560

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2020
and 30 November 2021 100
NET BOOK VALUE
At 30 November 2021 100
At 30 November 2020 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 36,323 16,001
Other debtors 8,484 11,106
44,807 27,107

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 45,000 50,000
Hire purchase contracts 6,967 -
Trade creditors 35,853 25,293
Taxation and social security 13,283 24,376
Other creditors 10,555 4,181
111,658 103,850

RYDAL SECURITY LTD (REGISTERED NUMBER: 10021384)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2021


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 9,489 -

10. ULTIMATE CONTROLLING PARTY

The controlling party is Rydal Communications Limited.

The ultimate controlling party is Rydal Communications Limited.