2023-04-012024-03-312024-03-31false12504309RYMAX 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RYMAX LIMITED

Registered Number
12504309
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

RYMAX LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

HAMMETT, Paul John

Registered Address

37 Romney Way
Worcester
WR5 2DW

Registered Number

12504309 (England and Wales)
RYMAX LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-155
-155
Current assets
Cash at bank and on hand6,4684,510
6,4684,510
Creditors amounts falling due within one year4(22,052)(27,617)
Net current assets (liabilities)(15,584)(23,107)
Total assets less current liabilities(15,584)(22,952)
Net assets(15,584)(22,952)
Capital and reserves
Called up share capital1111
Profit and loss account(15,595)(22,963)
Shareholders' funds(15,584)(22,952)
The financial statements were approved and authorised for issue by the Director on 2 October 2024, and are signed on its behalf by:
HAMMETT, Paul John
Director
Registered Company No. 12504309
RYMAX LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 23710710
At 31 March 24710710
Depreciation and impairment
At 01 April 23555555
Charge for year155155
At 31 March 24710710
Net book value
At 31 March 24--
At 31 March 23155155
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-184
Taxation and social security7,0527,433
Accrued liabilities and deferred income15,00020,000
Total22,05227,617