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REGISTERED NUMBER: 07630646 (England and Wales)









Financial Statements

for the Year Ended 31 March 2023

for

Ryalls Limited

Ryalls Limited (Registered number: 07630646)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ryalls Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S C Clarke
T Clarke
L L Hodgson





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 07630646 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Ryalls Limited (Registered number: 07630646)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 101,083 65,586

CURRENT ASSETS
Inventories 290,445 225,265
Debtors 5 154,364 157,591
Cash at bank and in hand 44,324 150,158
489,133 533,014
CREDITORS
Amounts falling due within one year 6 434,471 384,016
NET CURRENT ASSETS 54,662 148,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,745

214,584

CREDITORS
Amounts falling due after more than one
year

7

(38,915

)

(71,341

)

PROVISIONS FOR LIABILITIES (18,984 ) (12,461 )
NET ASSETS 97,846 130,782

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,746 130,682
SHAREHOLDERS' FUNDS 97,846 130,782

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:




S C Clarke - Director


Ryalls Limited (Registered number: 07630646)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ryalls 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.

Turnover
Revenue 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.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

Ryalls Limited (Registered number: 07630646)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 - 68,224 27,200 1,727 97,151
Additions 1,380 57,455 - 1,844 60,679
At 31 March 2023 1,380 125,679 27,200 3,571 157,830
DEPRECIATION
At 1 April 2022 - 27,351 3,400 814 31,565
Charge for year 214 18,215 5,950 803 25,182
At 31 March 2023 214 45,566 9,350 1,617 56,747
NET BOOK VALUE
At 31 March 2023 1,166 80,113 17,850 1,954 101,083
At 31 March 2022 - 40,873 23,800 913 65,586

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 130,779 154,639
Other debtors 17,322 2,333
Prepayments and accrued income 6,263 619
154,364 157,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 -
Hire purchase contracts 12,426 12,698
Trade creditors 227,299 195,255
Tax 5,545 32,497
Social security and other taxes 8,821 4,419
VAT 21,238 17,398
Other creditors 15,441 15,441
Accruals and deferred income 133,701 106,308
434,471 384,016

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 31,667
Hire purchase contracts 17,248 29,674
38,915 71,341