BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is contract cleaning and facilities management services. 18 October 2024 NI658337 2024-01-31 NI658337 2023-01-31 NI658337 2022-01-31 NI658337 2023-02-01 2024-01-31 NI658337 2022-02-01 2023-01-31 NI658337 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI658337 uk-curr:PoundSterling 2023-02-01 2024-01-31 NI658337 uk-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI658337 uk-bus:FullAccounts 2023-02-01 2024-01-31 NI658337 uk-core:ShareCapital 2024-01-31 NI658337 uk-core:ShareCapital 2023-01-31 NI658337 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI658337 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI658337 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI658337 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 NI658337 uk-bus:FRS102 2023-02-01 2024-01-31 NI658337 uk-core:Buildings 2023-02-01 2024-01-31 NI658337 uk-core:PlantMachinery 2023-02-01 2024-01-31 NI658337 uk-core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 NI658337 uk-core:MotorVehicles 2023-02-01 2024-01-31 NI658337 uk-core:CurrentFinancialInstruments 2024-01-31 NI658337 uk-core:CurrentFinancialInstruments 2023-01-31 NI658337 uk-core:WithinOneYear 2024-01-31 NI658337 uk-core:WithinOneYear 2023-01-31 NI658337 uk-core:WithinOneYear 2024-01-31 NI658337 uk-core:WithinOneYear 2023-01-31 NI658337 uk-core:WithinOneYear 2024-01-31 NI658337 uk-core:WithinOneYear 2023-01-31 NI658337 uk-core:AfterOneYear 2024-01-31 NI658337 uk-core:AfterOneYear 2023-01-31 NI658337 uk-core:AfterOneYear 2024-01-31 NI658337 uk-core:AfterOneYear 2023-01-31 NI658337 uk-core:BetweenOneTwoYears 2024-01-31 NI658337 uk-core:BetweenOneTwoYears 2023-01-31 NI658337 uk-core:BetweenTwoFiveYears 2024-01-31 NI658337 uk-core:BetweenTwoFiveYears 2023-01-31 NI658337 uk-core:BetweenOneFiveYears 2024-01-31 NI658337 uk-core:BetweenOneFiveYears 2023-01-31 NI658337 uk-core:EmployeeBenefits 2023-01-31 NI658337 uk-core:EmployeeBenefits 2023-02-01 2024-01-31 NI658337 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-01-31 NI658337 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-01-31 NI658337 uk-core:OtherDeferredTax 2024-01-31 NI658337 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-01-31 NI658337 uk-core:EmployeeBenefits 2024-01-31 NI658337 2023-02-01 2024-01-31 NI658337 uk-bus:Director1 2023-02-01 2024-01-31 NI658337 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI658337
 
 
Ryak Cleaning Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 January 2024
Ryak Cleaning Limited
Company Registration Number: NI658337
Statement of Financial Position
as at 31 January 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 214,930 159,920
───────── ─────────
 
Current Assets
Stocks 5 25,000 24,000
Debtors 6 1,314,632 672,548
Cash and cash equivalents 196,385 183,453
───────── ─────────
1,536,017 880,001
───────── ─────────
Creditors: amounts falling due within one year 7 (1,187,356) (600,377)
───────── ─────────
Net Current Assets 348,661 279,624
───────── ─────────
Total Assets less Current Liabilities 563,591 439,544
 
Creditors:
amounts falling due after more than one year 8 (177,212) (196,350)
 
Provisions for liabilities 9 (13,054) (6,568)
───────── ─────────
Net Assets 373,325 236,626
═════════ ═════════
 
Capital and Reserves
Called up share capital 200 200
Retained earnings 373,125 236,426
───────── ─────────
Equity attributable to owners of the company 373,325 236,626
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 18 October 2024 and signed on its behalf by
           
           
________________________________          
Francis Creaney          
Director          
           



Ryak Cleaning Limited
Notes to the Financial Statements
for the financial year ended 31 January 2024

   
1. General Information
 
Ryak Cleaning Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI658337. The registered office of the company is 9 Hillview Road, Belfast, Co. Antrim, BT14 7BT, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is contract cleaning and facilities management services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services and ancillary goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Short leasehold property - 2% Straight line
  Plant and machinery - 20% Straight line
  Fixtures, fittings and equipment - 20% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.
 
Leasing
Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 237, (2023 - 223).
 
  2024 2023
  Number Number
 
Cleaning and Support staff 234 220
Directors 3 3
  ───────── ─────────
  237 223
  ═════════ ═════════
             
4. Property, plant and equipment
  Short Plant and Fixtures, Motor Total
  leasehold machinery fittings and vehicles  
  property   equipment    
  £ £ £ £ £
Cost
At 1 February 2023 - 24,163 4,132 212,134 240,429
Additions 9,083 14,472 1,603 95,000 120,158
Disposals - - - (9,000) (9,000)
  ───────── ───────── ───────── ───────── ─────────
At 31 January 2024 9,083 38,635 5,735 298,134 351,587
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 February 2023 - 12,356 1,246 66,907 80,509
Charge for the financial year 181 5,893 1,497 56,677 64,248
On disposals - - - (8,100) (8,100)
  ───────── ───────── ───────── ───────── ─────────
At 31 January 2024 181 18,249 2,743 115,484 136,657
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 January 2024 8,902 20,386 2,992 182,650 214,930
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 January 2023 - 11,807 2,886 145,227 159,920
  ═════════ ═════════ ═════════ ═════════ ═════════
           
4.1. Property, plant and equipment continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2024   2023  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Motor vehicles 182,650 56,677 145,227 31,305
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Consumables 25,000 24,000
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 1,045,983 556,129
Amounts owed by connected parties (Note 11) 74,060 -
Other debtors 3,587 1,535
Directors' current accounts (Note 12) 186,824 109,429
Prepayments and accrued income 4,178 5,455
  ───────── ─────────
  1,314,632 672,548
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank loan 21,878 19,500
Net obligations under finance leases
and hire purchase contracts 56,515 37,290
Trade creditors 216,411 113,104
Amounts owed to connected parties (Note 11) 45,408 42,509
Taxation 600,402 281,389
Other creditors 12,189 31,319
Accruals:
Pension accrual 137,302 53,672
Other accruals 97,251 21,594
  ───────── ─────────
  1,187,356 600,377
  ═════════ ═════════
 
Bank loans are secured by a fixed and floating charge in favour of Bank of Ireland over the assets of the company. Amounts owed in relation to finance leases and hire purchase contracts are secured over the individual assets to which the finance agreements relate.
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 48,750 75,774
Finance leases and hire purchase contracts 128,462 120,576
  ───────── ─────────
  177,212 196,350
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 21,878 19,500
Repayable between one and two years 19,500 19,500
Repayable between two and five years 29,250 56,274
  ───────── ─────────
  70,628 95,274
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 56,515 37,290
Repayable between one and five years 128,462 120,576
  ───────── ─────────
  184,977 157,866
  ═════════ ═════════
           
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Other Total Total
  allowances differences    
         
      2024 2023
  £ £ £ £
 
At financial year start 27,986 (21,418) 6,568 -
Charged to profit and loss 7,422 (936) 6,486 6,568
  ───────── ───────── ───────── ─────────
At financial year end 35,408 (22,354) 13,054 6,568
  ═════════ ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 January 2024.
           
11. Related party transactions
  Balance Movement Balance Maximum
  2024 in year 2023 in year
  £ £ £ £
 
City Contract Cleaners Limited 21,060 21,060 - 21,060
GFJ Belfast Limited 53,000 53,000 - 53,000
  ───────── ───────── ───────── ═════════
  74,060 74,060 -  
  ═════════ ═════════ ═════════  
 
The following amounts are due to other connected parties:
      2024 2023
      £ £
 
Ryak Cleaning ROI Limited     45,408 42,509
      ═════════ ═════════
 
Net balances with other connected parties:
      2024 2023
      £ £
 
Ryak Cleaning ROI Limited     (45,408) (42,509)
City Contract Cleaners Limited     21,060 -
GFJ Belfast Limited     53,000 -
      ───────── ─────────
      28,652 (42,509)
      ═════════ ═════════
 
The parties are connected through common directors. Ryak Cleaning (ROI) Limited advanced money to the company. A balance of £45,408 (2023: £42,509) was owed at the reporting date and included within creditors falling due within one year.
The company advanced a loan to City Contract Cleaners Limited during the period. The loan was interest free and repayable on demand. The balance outstanding at the reporting date was £21,060, and this amount is included in debtors falling due within one year.
The company advanced a loan to GFJ Belfast Limited during the period. The loan was interest free and repayable on demand. The balance outstanding at the reporting date was £53,000, and this amount is included in debtors falling due within one year.
 
In the opinion of the directors these amounts arise in the ordinary course of business and the terms of the amounts due are in accordance with the terms ordinarily offered by the company.
   
12. Directors' advances, credits and guarantees
 
During the financial year, the company made a loan to two of the Directors totalling £186,824  (2023; £109,429). The loan balances are repayable on demand. These balances were fully repaid after the reporting date.
   
13. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.
       
14. Share Capital 2024 2023
  £ £
 
Ordinary A shares of £1 each 120 120
Ordinary B shares of £1 each 60 60
Ordinary C shares of £1 each 20 20
  ───────── ─────────
  200 200
  ═════════ ═════════