Company Registration No. 12559068 (England and Wales)
RYANFITHUB LTD
Unaudited accounts
for the year ended 31 March 2023
RYANFITHUB LTD
Unaudited accounts
Contents
RYANFITHUB LTD
Company Information
for the year ended 31 March 2023
Company Number
12559068 (England and Wales)
Registered Office
1 BROOM FIELD WAY
FELPHAM
BOGNOR REGIS
PO22 8AQ
ENGLAND
RYANFITHUB LTD
Statement of financial position
as at 31 March 2023
Tangible assets
5,715
8,686
Cash at bank and in hand
359
107
Creditors: amounts falling due within one year
(6,261)
(4,937)
Net current liabilities
(5,702)
(3,580)
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
RYANFITHUB LTD
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
RYANFITHUB LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,422
18
Loans from directors
(1,643)
263
Deferred income
2,061
3,667
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Overdrawn director loan
(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).