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REGISTERED NUMBER: 04579642 (England and Wales)














Unaudited Financial Statements

For The Year Ended 30th November 2023

for

Ryelands Electrical Services Limited

Ryelands Electrical Services Limited (Registered number: 04579642)






Contents of the Financial Statements
For The Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Ryelands Electrical Services Limited

Company Information
For The Year Ended 30th November 2023







DIRECTOR: R D Jones





SECRETARY: Miss J Luff





REGISTERED OFFICE: Unit 7, Plot 8
Forest of Dean Business Estate
Stepbridge Road
Coleford
Gloucestershire
GL16 8PJ





REGISTERED NUMBER: 04579642 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Ryelands Electrical Services Limited (Registered number: 04579642)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 107,127 90,908

CURRENT ASSETS
Stocks 25,280 40,346
Debtors 6 181,122 166,340
Cash at bank 411,954 412,495
618,356 619,181
CREDITORS
Amounts falling due within one year 7 178,262 179,260
NET CURRENT ASSETS 440,094 439,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,221

530,829

CREDITORS
Amounts falling due after more than one
year

8

(34,705

)

(38,188

)

PROVISIONS FOR LIABILITIES (4,478 ) (1,014 )
NET ASSETS 508,038 491,627

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 507,938 491,527
SHAREHOLDERS' FUNDS 508,038 491,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

Ryelands Electrical Services Limited (Registered number: 04579642)

Balance Sheet - continued
30th November 2023


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 and authorised for issue by the director and authorised for issue on 27th August 2024 and were signed by:





R D Jones - Director


Ryelands Electrical Services Limited (Registered number: 04579642)

Notes to the Financial Statements
For The Year Ended 30th November 2023

1. STATUTORY INFORMATION

Ryelands Electrical Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover 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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Ryelands Electrical Services Limited (Registered number: 04579642)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2023

3. ACCOUNTING POLICIES - continued

Pension costs
The company operates a National Employment Savings Trust Scheme (NEST) in respect of pension contributions for the Employees of the company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st December 2022 94,713 47,302 142,015
Additions - 19,520 19,520
Disposals - (7,899 ) (7,899 )
At 30th November 2023 94,713 58,923 153,636
DEPRECIATION
At 1st December 2022 14,207 36,900 51,107
Charge for year 1,894 1,331 3,225
Eliminated on disposal - (7,823 ) (7,823 )
At 30th November 2023 16,101 30,408 46,509
NET BOOK VALUE
At 30th November 2023 78,612 28,515 107,127
At 30th November 2022 80,506 10,402 90,908

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 177,772 163,936
Other debtors 3,350 2,404
181,122 166,340

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 80,616 43,557
Taxation and social security 21,122 29,609
Other creditors 76,524 106,094
178,262 179,260

Ryelands Electrical Services Limited (Registered number: 04579642)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 34,705 38,188

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 34,705 38,188

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Ryelands Electrical Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ryelands Electrical Services Limited for the year ended 30th November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Ryelands Electrical Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ryelands Electrical Services Limited and state those matters that we have agreed to state to the director of Ryelands Electrical Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ryelands Electrical Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ryelands Electrical Services Limited. You consider that Ryelands Electrical Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ryelands Electrical Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


27th August 2024