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REGISTERED NUMBER: 13995764 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ryugin Limited

Ryugin Limited (Registered number: 13995764)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ryugin Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Z J Ge
Mrs J Qin





REGISTERED OFFICE: 580 Mumbles Road
Mumbles
Swansea
SA3 4DL





REGISTERED NUMBER: 13995764 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Ryugin Limited (Registered number: 13995764)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,114 4,152

CURRENT ASSETS
Stocks 1,540 2,050
Debtors 5 10,459 11,495
Cash at bank and in hand 3,704 4,766
15,703 18,311
CREDITORS
Amounts falling due within one year 6 11,918 30,023
NET CURRENT ASSETS/(LIABILITIES) 3,785 (11,712 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,899

(7,560

)

PROVISIONS FOR LIABILITIES 7 590 -
NET ASSETS/(LIABILITIES) 6,309 (7,560 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,209 (7,660 )
6,309 (7,560 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Ryugin Limited (Registered number: 13995764)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





Z J Ge - Director


Ryugin Limited (Registered number: 13995764)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ryugin 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.

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
Turnover represents sales of goods.

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

Stocks
Stocks 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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Ryugin Limited (Registered number: 13995764)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2023
and 31 March 2024 4,152
DEPRECIATION
Charge for year 1,038
At 31 March 2024 1,038
NET BOOK VALUE
At 31 March 2024 3,114
At 31 March 2023 4,152

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by related undertakings 6,802 9,662
Prepayments 3,657 1,833
10,459 11,495

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 798 7,839
Corporation tax 572 -
Social security and other taxes (5,776 ) (3,498 )
VAT 2,350 9,024
Other creditors 1,432 1,758
Directors' current accounts 12,542 14,900
11,918 30,023

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 590 -

Ryugin Limited (Registered number: 13995764)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during year 590
Balance at 31 March 2024 590

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Z J Ge.