IRIS Accounts Production v24.2.0.383 06738960 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067389602022-11-30067389602023-11-30067389602022-12-012023-11-30067389602021-11-30067389602021-12-012022-11-30067389602022-11-3006738960ns15:EnglandWales2022-12-012023-11-3006738960ns14:PoundSterling2022-12-012023-11-3006738960ns10:Director12022-12-012023-11-3006738960ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3006738960ns10:SmallEntities2022-12-012023-11-3006738960ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3006738960ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3006738960ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3006738960ns10:FullAccounts2022-12-012023-11-300673896012022-12-012023-11-3006738960ns5:CurrentFinancialInstruments2023-11-3006738960ns5:CurrentFinancialInstruments2022-11-3006738960ns5:Non-currentFinancialInstruments2023-11-3006738960ns5:Non-currentFinancialInstruments2022-11-3006738960ns5:ShareCapital2023-11-3006738960ns5:ShareCapital2022-11-3006738960ns5:RetainedEarningsAccumulatedLosses2023-11-3006738960ns5:RetainedEarningsAccumulatedLosses2022-11-3006738960ns10:RegisteredOffice2022-12-012023-11-3006738960ns5:NetGoodwill2022-12-012023-11-3006738960ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3006738960ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-012023-11-3006738960ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-012023-11-3006738960ns5:ComputerSoftware2022-12-012023-11-3006738960ns5:PlantMachinery2022-12-012023-11-3006738960ns5:NetGoodwill2022-11-3006738960ns5:IntangibleAssetsOtherThanGoodwill2022-11-3006738960ns5:NetGoodwill2023-11-3006738960ns5:IntangibleAssetsOtherThanGoodwill2023-11-3006738960ns5:NetGoodwill2022-11-3006738960ns5:IntangibleAssetsOtherThanGoodwill2022-11-3006738960ns5:PlantMachinery2022-11-3006738960ns5:PlantMachinery2023-11-3006738960ns5:PlantMachinery2022-11-3006738960ns5:LeasedAssetsHeldAsLessee2022-12-012023-11-3006738960ns5:CostValuation2022-11-3006738960ns5:AdditionsToInvestments2023-11-3006738960ns5:DisposalsRepaymentsInvestments2023-11-3006738960ns5:CostValuation2023-11-3006738960ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3006738960ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 06738960 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

RYDAL COMMUNICATIONS LTD

RYDAL COMMUNICATIONS LTD (REGISTERED NUMBER: 06738960)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


RYDAL COMMUNICATIONS LTD (REGISTERED NUMBER: 06738960)

STATEMENT OF FINANCIAL POSITION
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 765,890 562,332
Tangible assets 5 427,826 326,257
Investments 6 825,153 541,225
2,018,869 1,429,814

CURRENT ASSETS
Stocks 183,060 129,024
Debtors 7 1,077,789 774,867
Cash at bank and in hand 407,953 463,135
1,668,802 1,367,026
CREDITORS
Amounts falling due within one year 8 1,658,895 1,142,454
NET CURRENT ASSETS 9,907 224,572
TOTAL ASSETS LESS CURRENT LIABILITIES 2,028,776 1,654,386

CREDITORS
Amounts falling due after more than one
year

9

(345,198

)

(377,978

)

PROVISIONS FOR LIABILITIES (5,750 ) (96,828 )
NET ASSETS 1,677,828 1,179,580

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 1,677,328 1,179,080
SHAREHOLDERS' FUNDS 1,677,828 1,179,580

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

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

RYDAL COMMUNICATIONS LTD (REGISTERED NUMBER: 06738960)

STATEMENT OF FINANCIAL POSITION - continued
30 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 by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





S J Dancy - Director


RYDAL COMMUNICATIONS LTD (REGISTERED NUMBER: 06738960)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023


1. STATUTORY INFORMATION

Rydal Communications Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06738960

Registered office: Elwes House
19 Church Walk
Peterborough
Cambridgeshire
PE1 2TP

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.

Preparation of consolidated financial statements
The financial statements contain information about Rydal Communications Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

RYDAL COMMUNICATIONS LTD (REGISTERED NUMBER: 06738960)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Income Statement, following an assessment at the Statement of Financial Position date indicating the recoverable amount was less than its carrying value.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Customer Contracts are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


RYDAL COMMUNICATIONS LTD (REGISTERED NUMBER: 06738960)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Pension costs and other post-retirement benefits
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £30,909 (2022 - £29,416). Contributions totalling £6,511 (2022 - £6,514) were payable to the fund at the balance sheet date and are included in creditors.

Debtors
Short term debtors are initially measured at transaction price less attributable costs. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2022 - 61 ) .

RYDAL COMMUNICATIONS LTD (REGISTERED NUMBER: 06738960)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 December 2022 343,882 604,550 948,432
Additions 272,553 78,805 351,358
Impairments - (36,691 ) (36,691 )
At 30 November 2023 616,435 646,664 1,263,099
AMORTISATION
At 1 December 2022 196,988 189,112 386,100
Charge for year 54,854 56,255 111,109
At 30 November 2023 251,842 245,367 497,209
NET BOOK VALUE
At 30 November 2023 364,593 401,297 765,890
At 30 November 2022 146,894 415,438 562,332

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 610,628
Additions 192,421
Disposals (2,634 )
At 30 November 2023 800,415
DEPRECIATION
At 1 December 2022 284,371
Charge for year 88,912
Eliminated on disposal (694 )
At 30 November 2023 372,589
NET BOOK VALUE
At 30 November 2023 427,826
At 30 November 2022 326,257

At year end, motor vehicles under hire purchase agreement had a net book value of £150,168 (2022 - £77,040).
Hire purchase loans are secured against the assets they belong to.

RYDAL COMMUNICATIONS LTD (REGISTERED NUMBER: 06738960)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


6. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
£    £    £   
COST
At 1 December 2022 539,225 2,000 541,225
Additions 285,128 - 285,128
Disposals - (1,200 ) (1,200 )
At 30 November 2023 824,353 800 825,153
NET BOOK VALUE
At 30 November 2023 824,353 800 825,153
At 30 November 2022 539,225 2,000 541,225

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 376,263 430,693
Amounts owed by group undertakings 117,800 44,000
Other debtors 583,726 300,174
1,077,789 774,867

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 37,812 26,899
Payments on account 316,968 124,680
Trade creditors 374,358 318,404
Amounts owed to group undertakings 400,000 15,000
Taxation and social security 207,069 281,640
Other creditors 322,688 375,831
1,658,895 1,142,454

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 94,149 39,854
Other creditors 251,049 338,124
345,198 377,978

RYDAL COMMUNICATIONS LTD (REGISTERED NUMBER: 06738960)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 131,961 66,753

The hire purchase contracts are secured against the assets to which they relate.

11. RELATED PARTY DISCLOSURES

Balances due from / (to) group undertakings and connected companies are represented as below:
2023 (£ ) 2022 (£ )
Group undertakings (282,200 ) (71,000 )
Connected companies 185,050 185,050
Director - 7,047

The loans are unsecured, interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is S J Dancy.