Company registration number 08402235 (England and Wales)
RYDERS OF WARRINGTON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
RYDERS OF WARRINGTON LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RYDERS OF WARRINGTON LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
92,500
185,000
Tangible assets
4
300,794
344,469
393,294
529,469
Current assets
Stocks
2,962,835
1,759,236
Debtors
5
341,463
304,494
Cash at bank and in hand
698,457
571,333
4,002,755
2,635,063
Creditors: amounts falling due within one year
6
(1,687,979)
(836,558)
Net current assets
2,314,776
1,798,505
Net assets
2,708,070
2,327,974
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
2,698,070
2,317,974
Total equity
2,708,070
2,327,974

For the financial year ended 31 December 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 in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 August 2024 and are signed on its behalf by:
Mr  S E Ryder
Director
Company registration number 08402235 (England and Wales)
RYDERS OF WARRINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Ryders of Warrington Limited is a private company limited by shares incorporated in England and Wales. The registered office is Athlone Road, Warrington, Cheshire, England, WA2 8JJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Goodwill is being amortised over its remaining useful life of ten years.

1.4
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings
Depreciated over the term of the lease
Leasehold improvements
10% on cost
Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

RYDERS OF WARRINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
30
30
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
1,000,000
Amortisation and impairment
At 1 January 2023
815,000
Amortisation charged for the year
92,500
At 31 December 2023
907,500
Carrying amount
At 31 December 2023
92,500
At 31 December 2022
185,000
RYDERS OF WARRINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
446,622
178,988
625,610
Depreciation and impairment
At 1 January 2023
168,565
112,576
281,141
Depreciation charged in the year
33,713
9,962
43,675
At 31 December 2023
202,278
122,538
324,816
Carrying amount
At 31 December 2023
244,344
56,450
300,794
At 31 December 2022
278,057
66,412
344,469
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
302,015
237,689
Other debtors
39,448
66,805
341,463
304,494
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,178,399
319,625
Corporation tax
158,819
55,745
Other taxation and social security
139,912
96,535
Other creditors
210,849
364,653
1,687,979
836,558
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