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Ryan Inspection Services Ltd
Registered Number:05453346
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
05453346
As at 31 May 2023
Ryan Inspection Services Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
20,146
26,418
2
Financial assets
80,681
80,081
3
100,227
107,099
Current assets
Inventories
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
Capital and reserves
Called up share capital
200
200
Retained earnings
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.
P Ryan Director
These financial statements were approved and authorised for issue by the Board on 08 February 2024 and were signed by:
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4
Registered Number :
05453346
For the year ended 31 May 2023
Ryan Inspection Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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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.
Registered address:
Guardian House,
Clark Street
Stourbridge
West Midlands
DY8 3UF
The presentation currency is £ sterling.
1. Accounting policies
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
25% Reducing balance
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.
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6
For the year ended 31 May 2023
Ryan Inspection Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 June 2022
95,347
22,500
72,847
332
-
332
Additions
At 31 May 2023
73,179
22,500
95,679
Provision for depreciation and impairment
At 01 June 2022
68,929
13,205
55,724
Charge for year
6,604
3,878
2,726
At 31 May 2023
75,533
17,083
58,450
At 31 May 2023
Net book value
14,729
5,417
20,146
At 31 May 2022
17,123
9,295
26,418
3. Investments held as fixed assets
Other investments
Total
At 01 June 2022
120,037
120,037
Cost
£
£
At 31 May 2023
120,037
120,037
Provision for amortisation and impairment
At 01 June 2022
39,956
39,956
At 31 May 2023
39,956
39,956
At 31 May 2023
Net book value
80,081
80,081
At 01 June 2022
80,081
80,081
4. Inventories
2022
2023
£
£
Stocks
3,737
3,952
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7
For the year ended 31 May 2023
Ryan Inspection Services Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
45,904
36,273
Other debtors
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
Other creditors
11,882
13,406
46,984
52,115
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
32,481
43,474
Trade creditors
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)
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