Company registration number 6947580 (England and Wales)
Robin Ryde Consulting Limited
Unaudited Financial Statements
For the year ended 30 June 2023
PAGES FOR FILING WITH REGISTRAR
Robin Ryde Consulting Limited
Contents
Page
Company information
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
Robin Ryde Consulting Limited
Balance sheet
For the year ended 30 June 2023
2023-06-30
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
419
1,334
Current assets
Debtors
4
78,085
69,436
Cash at bank and in hand
61,930
31,695
140,015
101,131
Creditors: amounts falling due within one year
5
(93,478)
(63,052)
Net current assets
46,537
38,079
Total assets less current liabilities
46,956
39,413
Creditors: amounts falling due after more than one year
6
(19,167)
(29,167)
Net assets
27,789
10,246
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
27,689
10,146
Total equity
27,789
10,246
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Robin Ryde Consulting Limited
Balance sheet (Continued)
For the year ended 30 June 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 3 January 2024 and are signed on its behalf by:
Mr R Ryde
Ms L Sofianos
Director
Director
Company registration number 6947580 (England and Wales)
Robin Ryde Consulting Limited
Notes to the Financial Statements
For the year ended 30 June 2023
- 3 -
1
Accounting policies
Company information
Robin Ryde Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pendragon House, 65 London Road, St Albans, Hertfordshire, AL1 1LJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
33% Straight Line
1.4
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Robin Ryde Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 and 30 June 2023
3,722
Depreciation and impairment
At 1 July 2022
2,388
Depreciation charged in the year
915
At 30 June 2023
3,303
Carrying amount
At 30 June 2023
419
At 30 June 2022
1,334
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
58,748
49,890
Other debtors
19,337
19,546
78,085
69,436
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Corporation tax
61,194
38,076
Other taxation and social security
22,284
14,976
93,478
63,052
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
19,167
29,167