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REGISTERED NUMBER: 04445883 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

RYEDALE SKIP HIRE LTD

RYEDALE SKIP HIRE LTD (REGISTERED NUMBER: 04445883)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RYEDALE SKIP HIRE LTD

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTOR: M Northgraves





SECRETARY: Miss S E Sellars





REGISTERED OFFICE: Orchard House
36B Ruffa Lane
Pickering
North Yorkshire
YO18 7HN





REGISTERED NUMBER: 04445883 (England and Wales)

RYEDALE SKIP HIRE LTD (REGISTERED NUMBER: 04445883)

STATEMENT OF FINANCIAL POSITION
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,988 3,983
Investment property 5 600,000 600,000
602,988 603,983

CURRENT ASSETS
Cash at bank 38,765 42,295

CREDITORS
Amounts falling due within one year 6 101,678 80,216
NET CURRENT LIABILITIES (62,913 ) (37,921 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,075

566,062

PROVISIONS FOR LIABILITIES (43,985 ) (44,234 )

ACCRUALS AND DEFERRED INCOME - (1 )
NET ASSETS 496,090 521,827

CAPITAL AND RESERVES
Called up share capital 621 621
Share premium 211,788 211,788
Retained earnings 283,681 309,418
496,090 521,827

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





M Northgraves - Director


RYEDALE SKIP HIRE LTD (REGISTERED NUMBER: 04445883)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023


1. STATUTORY INFORMATION

Ryedale Skip Hire Ltd 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.

Revenue
Revenue represents rental income receivable, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

RYEDALE SKIP HIRE LTD (REGISTERED NUMBER: 04445883)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 28,620
DEPRECIATION
At 1 August 2022 24,637
Charge for year 995
At 31 July 2023 25,632
NET BOOK VALUE
At 31 July 2023 2,988
At 31 July 2022 3,983

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 600,000
NET BOOK VALUE
At 31 July 2023 600,000
At 31 July 2022 600,000

Investment property was valued on an open market basis on 31 July 2023 by M Northgraves (director).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,278 7,835
Other creditors 94,400 72,381
101,678 80,216