1 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 7,000 45,000 7,000 45,000 1,750 9,000 1,750 9,000 36,000 5,250 xbrli:pure xbrli:shares iso4217:GBP 13304271 2022-04-01 2023-03-31 13304271 2023-03-31 13304271 2022-03-31 13304271 2021-03-30 2022-03-31 13304271 2022-03-31 13304271 core:MotorVehicles 2022-04-01 2023-03-31 13304271 bus:Director1 2022-04-01 2023-03-31 13304271 core:MotorVehicles 2022-03-31 13304271 core:MotorVehicles 2023-03-31 13304271 core:WithinOneYear 2023-03-31 13304271 core:WithinOneYear 2022-03-31 13304271 core:AfterOneYear 2023-03-31 13304271 core:ShareCapital 2023-03-31 13304271 core:ShareCapital 2022-03-31 13304271 core:RetainedEarningsAccumulatedLosses 2023-03-31 13304271 core:RetainedEarningsAccumulatedLosses 2022-03-31 13304271 core:MotorVehicles 2022-03-31 13304271 bus:Director1 2022-03-31 13304271 bus:Director1 2023-03-31 13304271 bus:Director1 2022-03-31 13304271 bus:Director1 2021-03-30 2022-03-31 13304271 bus:SmallEntities 2022-04-01 2023-03-31 13304271 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13304271 bus:FullAccounts 2022-04-01 2023-03-31 13304271 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13304271 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 13304271
Ryan Haulage Limited
Filleted Unaudited Financial Statements
31 March 2023
Ryan Haulage Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
36,000
5,250
Current assets
Debtors
6
56,970
18,330
Creditors: amounts falling due within one year
7
77,125
23,437
--------
--------
Net current liabilities
20,155
5,107
--------
-------
Total assets less current liabilities
15,845
143
Creditors: amounts falling due after more than one year
8
14,792
--------
----
Net assets
1,053
143
--------
----
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,052
142
-------
----
Shareholders funds
1,053
143
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31st March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 March 2024 , and are signed on behalf of the board by:
Mr R Crichton
Director
Company registration number: 13304271
Ryan Haulage Limited
Notes to the Financial Statements
Year ended 31st March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 The Path, Gateshead, Tyne and Wear, NE9 6BD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax that the company is expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 25% reducing balance
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 2 ).
5. Tangible assets
Motor vehicles
£
Cost
At 1st April 2022
7,000
Additions
45,000
Disposals
( 7,000)
--------
At 31st March 2023
45,000
--------
Depreciation
At 1st April 2022
1,750
Charge for the year
9,000
Disposals
( 1,750)
--------
At 31st March 2023
9,000
--------
Carrying amount
At 31st March 2023
36,000
--------
At 31st March 2022
5,250
--------
6. Debtors
2023
2022
£
£
Other debtors
56,970
18,330
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,842
630
Corporation tax
29,550
10,379
Social security and other taxes
21,244
9,561
Other creditors
15,489
2,867
--------
--------
77,125
23,437
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
14,792
--------
----
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr R Crichton
18,330
38,640
56,970
--------
--------
----
--------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr R Crichton
48,780
( 30,450)
18,330
----
--------
--------
--------