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Company Registration No. 12559068 (England and Wales)
RYANFITHUB LTD Unaudited accounts for the year ended 31 March 2023
RYANFITHUB LTD Unaudited accounts Contents
Page
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RYANFITHUB LTD Company Information for the year ended 31 March 2023
Director
Mr M Ryan
Company Number
12559068 (England and Wales)
Registered Office
1 BROOM FIELD WAY FELPHAM BOGNOR REGIS PO22 8AQ ENGLAND
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RYANFITHUB LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,715 
8,686 
Current assets
Inventories
- 
1,050 
Debtors
200 
200 
Cash at bank and in hand
359 
107 
559 
1,357 
Creditors: amounts falling due within one year
(6,261)
(4,937)
Net current liabilities
(5,702)
(3,580)
Net assets
13 
5,106 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
12 
5,105 
Shareholders' funds
13 
5,106 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2023 and were signed on its behalf by
Mr M Ryan Director Company Registration No. 12559068
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RYANFITHUB LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
RYANFITHUB LTD is a private company, limited by shares, registered in England and Wales, registration number 12559068. The registered office is 1 BROOM FIELD WAY, FELPHAM, BOGNOR REGIS, PO22 8AQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue
Revenue, described as turnover is the value of services, net of discounts, provided to customers during the year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum straight line
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a first in, first out basis. Net realisable value is based on estimated selling price, less any further costs of realisation.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
14,095 
Additions
589 
At 31 March 2023
14,684 
Depreciation
At 1 April 2022
5,409 
Charge for the year
3,560 
At 31 March 2023
8,969 
Net book value
At 31 March 2023
5,715 
At 31 March 2022
8,686 
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RYANFITHUB LTD Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
200 
200 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
4,422 
18 
Other creditors
1,421 
989 
Loans from directors
(1,643)
263 
Deferred income
2,061 
3,667 
6,261 
4,937 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr M Ryan
Overdrawn director loan
(263)
1,906 
- 
1,643 
(263)
1,906 
- 
1,643 
The directors loan is overdrawn at the end of the year but was repaid within 9 months of the year end
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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