Ryan Inspection Services Ltd |
Registered Number:05453346 |
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2023
Ryan Inspection Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Ryan Inspection Services Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
20,146
26,418
2
80,681
80,081
3
100,227
107,099
3,952
3,737
4
Trade and other receivables |
39,399
48,774
5
264,512
Cash and cash equivalents |
253,491
306,002
307,863
Trade and other payables: amounts falling due within one |
year |
(52,115)
(46,984)
6
255,748
259,018
Net current assets
Total assets less current liabilities |
359,245
362,847
Trade and other payables: amounts falling due after more |
than one year |
(51,216)
(37,341)
7
321,904
Net assets
311,631
200
200
321,704
311,431
321,904
311,631
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 08 February 2024 and were signed by: |
1 of 5
For the year ended 31 May 2023
Ryan Inspection Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 31 May 2023
Ryan Inspection Services Ltd
Notes to the Financial Statements
Statutory Information
Ryan Inspection Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 05453346. |
Guardian House,
Clark Street
Stourbridge
West Midlands
DY8 3UF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
3 of 5
For the year ended 31 May 2023
Ryan Inspection Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
95,347
22,500
72,847
332
-
332
73,179
22,500
95,679
Provision for depreciation and impairment |
68,929
13,205
55,724
Charge for year
6,604
3,878
2,726
75,533
17,083
58,450
14,729
5,417
20,146
17,123
9,295
26,418
3. Investments held as fixed assets |
120,037
120,037
120,037
120,037
Provision for amortisation and impairment |
39,956
39,956
39,956
39,956
80,081
80,081
80,081
80,081
2022
2023
3,737
3,952
4 of 5
For the year ended 31 May 2023
Ryan Inspection Services Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
45,904
36,273
2,870
3,126
39,399
48,774
6. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
35,102
38,709
11,882
13,406
46,984
52,115
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
32,481
43,474
4,860
7,742
37,341
51,216
8. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
5 of 5