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REGISTERED NUMBER: 08506338 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

RYEMEAD COMMERCIAL GROUP LTD

RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RYEMEAD COMMERCIAL GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: Mr S Hughes





REGISTERED OFFICE: Unit 9 Treadaway Technical Centre
Treadaway Hill
Loudwater
High Wycombe
HP10 9RS





REGISTERED NUMBER: 08506338 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,995 145,794

CURRENT ASSETS
Stocks 518 518
Debtors 5 255,427 150,207
Cash at bank and in hand 130,529 227,198
386,474 377,923
CREDITORS
Amounts falling due within one
year

6

179,554

216,291
NET CURRENT ASSETS 206,920 161,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,915

307,426

CREDITORS
Amounts falling due after more
than one year

7

(169,042

)

(95,811

)

PROVISIONS FOR LIABILITIES (44,207 ) (26,562 )
NET ASSETS 222,666 185,053

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 222,566 184,953
222,666 185,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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.

RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

BALANCE SHEET - continued
31ST JANUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th October 2023 and were signed by:





Mr S Hughes - Director


RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

Ryemead Commercial Group 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.

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.

The financial statements have been prepared on a going concern basis. The director has reviewed and considered relevant information, including annual budget and future cash flows in making his assessment. in particular, in response to the COVID-19 pandemic, the director has tested his cash flow analysis to take into account the impact on the business of possible scenarios brought on by the impact of COVID-19, alongside the measures that he can take to mitigate the impact. based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the director has concluded that he can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover
Turnover is recognised at the fair value the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. the fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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 - Straight line over 4 years
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.


RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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 17 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1st February 2022 5,989 68,940 133,921 208,850
Additions 10,162 1,195 120,764 132,121
At 31st January 2023 16,151 70,135 254,685 340,971
DEPRECIATION
At 1st February 2022 - 47,306 15,750 63,056
Charge for year 1,943 5,681 41,296 48,920
At 31st January 2023 1,943 52,987 57,046 111,976
NET BOOK VALUE
At 31st January 2023 14,208 17,148 197,639 228,995
At 31st January 2022 5,989 21,634 118,171 145,794

RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 140,204 118,386
Other debtors 10,499 10,502
Directors' current accounts 98,399 -
Prepayments and accrued income 6,325 21,319
255,427 150,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,940 53,616
Other loans - 1,547
Hire purchase contracts 73,610 40,717
Trade creditors 38,093 41,102
Corporation tax - 2,915
Social security and other taxes 6,475 6,338
VAT 49,090 43,845
Net wages - 317
Pension liabilities 346 -
Directors' current accounts - 22,793
Accruals and deferred income - 3,101
179,554 216,291

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 31,666 -
Hire purchase contracts 137,376 95,811
169,042 95,811

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 210,986 136,528

The obligations under the finance lease and hire purchase contracts are secured over the assets concerned.

9. OTHER FINANCIAL COMMITMENTS

The company had total commitments under operating leases not provided for in the financial statements totalling £37,091 (2022 - £50,068).

RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2023 and 31st January 2022:

2023 2022
£    £   
Mr S Hughes
Balance outstanding at start of year - -
Amounts advanced 98,399 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,399 -

The loan was repaid in full in March 2023. No interest was paid on the loan.