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REGISTERED NUMBER: 13308106 (England and Wales)











Unaudited Financial Statements

for the Period 1 May 2022 to 31 March 2023

for

Ralph Ryan Closing Limited

Previously known as
Ralph Ryan Interiors Limited

Ralph Ryan Closing Limited (Registered number: 13308106)

Contents of the Financial Statements
for the Period 1 May 2022 to 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ralph Ryan Closing Limited

Company Information
for the Period 1 May 2022 to 31 March 2023







DIRECTOR: K Morris





REGISTERED OFFICE: 33 Gateways
Guildford
GU1 2LF





REGISTERED NUMBER: 13308106 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Ralph Ryan Closing Limited (Registered number: 13308106)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,747 32,960

CURRENT ASSETS
Debtors 5 121,900 27,505
Prepayments and accrued income - 988
Cash at bank and in hand 8,869 4,436
130,769 32,929
CREDITORS
Amounts falling due within one year 6 (43,047 ) (35,750 )
NET CURRENT ASSETS/(LIABILITIES) 87,722 (2,821 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,469

30,139

CREDITORS
Amounts falling due after more than one
year

7

(20,259

)

(22,385

)

PROVISIONS FOR LIABILITIES (4,892 ) (6,262 )
NET ASSETS 88,318 1,492

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 88,198 1,372
SHAREHOLDERS' FUNDS 88,318 1,492

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

Ralph Ryan Closing Limited (Registered number: 13308106)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2024 and were signed by:





K Morris - Director


Ralph Ryan Closing Limited (Registered number: 13308106)

Notes to the Financial Statements
for the Period 1 May 2022 to 31 March 2023


1. STATUTORY INFORMATION

Ralph Ryan Closing Limited 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.

Due to internal management purposes, the accounting period end has been shortened to 11 months to 31 March 2023. As a result the prior period figures are not entirely comparable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the period 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.

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 period 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
Assets obtained under hire purchase contracts are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Ralph Ryan Closing Limited (Registered number: 13308106)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022 32,000 2,438 34,438
Additions - 927 927
At 31 March 2023 32,000 3,365 35,365
DEPRECIATION
At 1 May 2022 1,293 185 1,478
Charge for period 7,342 798 8,140
At 31 March 2023 8,635 983 9,618
NET BOOK VALUE
At 31 March 2023 23,365 2,382 25,747
At 30 April 2022 30,707 2,253 32,960

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 16,232 2,366
Amounts owed by associates 38,084 5,981
Other debtors 3,535 -
Directors' current accounts 53,329 10,474
VAT 3,220 8,684
114,400 27,505

Amounts falling due after more than one year:
Other debtors 7,500 -

Aggregate amounts 121,900 27,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,531 7,457
Trade creditors 19,864 26,256
Tax 13,372 -
Social security and other taxes 2,656 199
Directors' current accounts 624 338
Accruals 1,000 1,500
43,047 35,750

Ralph Ryan Closing Limited (Registered number: 13308106)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 20,259 22,385

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 25,790 29,842

The hire purchase contracts were secured on the assets held under these contracts. The director K Morris has also provided a personal guarantee.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 31 March 2023 and 30 April 2022:

2023 2022
£    £   
K J Duchnowski
Balance outstanding at start of period 10,474 -
Amounts advanced 66,071 16,733
Amounts repaid (23,216 ) (6,259 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 53,329 10,474

K Morris
Balance outstanding at start of period (338 ) -
Amounts repaid (286 ) (338 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (624 ) (338 )

The above loans are unsecured, repayable on demand and where applicable, interest has been charged at the HMRC approved rate.