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REGISTERED NUMBER: 01492900 (England and Wales)














Unaudited Financial Statements

For The Year Ended 30th June 2024

for

Ruddys of Lydney Limited

Ruddys of Lydney Limited (Registered number: 01492900)






Contents of the Financial Statements
For The Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Ruddys of Lydney Limited

Company Information
For The Year Ended 30th June 2024







DIRECTORS: Ben Wayne Ruddy
James Michael Ruddy





REGISTERED OFFICE: 53 Newerne Street
Lydney
Gloucestershire
GL15 5RA





REGISTERED NUMBER: 01492900 (England and Wales)





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

Ruddys of Lydney Limited (Registered number: 01492900)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 64,726 75,686
64,726 75,686

CURRENT ASSETS
Stocks 6 7,582 8,124
Debtors 7 43,890 50,252
Cash at bank and in hand 1,692 13,621
53,164 71,997
CREDITORS
Amounts falling due within one year 8 81,994 97,109
NET CURRENT LIABILITIES (28,830 ) (25,112 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,896

50,574

CREDITORS
Amounts falling due after more than one
year

9

(12,000

)

(27,899

)

PROVISIONS FOR LIABILITIES 11 (12,298 ) (14,380 )
NET ASSETS 11,598 8,295

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 11,498 8,195
SHAREHOLDERS' FUNDS 11,598 8,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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.

Ruddys of Lydney Limited (Registered number: 01492900)

Balance Sheet - continued
30th June 2024


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 Board of Directors and authorised for issue on 21st October 2024 and were signed on its behalf by:




Ben Wayne Ruddy - Director



James Michael Ruddy - Director


Ruddys of Lydney Limited (Registered number: 01492900)

Notes to the Financial Statements
For The Year Ended 30th June 2024

1. STATUTORY INFORMATION

Ruddys of Lydney 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. 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.

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 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

Ruddys of Lydney Limited (Registered number: 01492900)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 4,253
AMORTISATION
At 1st July 2023
and 30th June 2024 4,253
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1st July 2023 39,069 315,515 14,162 368,746
Additions - 1,195 - 1,195
Disposals - (2,428 ) (9,141 ) (11,569 )
At 30th June 2024 39,069 314,282 5,021 358,372
DEPRECIATION
At 1st July 2023 39,069 241,586 12,405 293,060
Charge for year - 11,210 501 11,711
Eliminated on disposal - (2,238 ) (8,887 ) (11,125 )
At 30th June 2024 39,069 250,558 4,019 293,646
NET BOOK VALUE
At 30th June 2024 - 63,724 1,002 64,726
At 30th June 2023 - 73,929 1,757 75,686

6. STOCKS
30.6.24 30.6.23
£    £   
Stocks 7,582 8,124

Ruddys of Lydney Limited (Registered number: 01492900)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax - 6,311
Debtors & Prepayments 43,890 43,941
43,890 50,252

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 10) 9,281 20,149
Trade creditors 17,624 18,068
Corporation Tax 8,897 11,538
Social security and other taxes 2,501 4,137
VAT 25,329 25,879
Directors' current accounts 2 589
Accruals 18,360 16,749
81,994 97,109

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other loans (see note 10) 12,000 18,000
Finance leases - 9,899
12,000 27,899

10. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 9,281 20,149

Amounts falling due between two and five years:
Other loans - 2-5 years 12,000 18,000

11. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 12,298 14,380

Ruddys of Lydney Limited (Registered number: 01492900)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st July 2023 14,380
Credit to Income Statement during year (2,082 )
Balance at 30th June 2024 12,298

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 100

13. RESERVES
Retained
earnings
£   

At 1st July 2023 8,195
Profit for the year 29,053
Dividends (25,750 )
At 30th June 2024 11,498

14. RELATED PARTY DISCLOSURES

The company paid rent of £19,200 (2023 £19,200) to the director in respect of the premises from which it operates, which is owned by the director personally.





15. ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ruddys of Lydney Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Ruddys of Lydney Limited for the year ended 30th June 2024 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 Board of Directors of Ruddys of Lydney Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ruddys of Lydney Limited and state those matters that we have agreed to state to the Board of Directors of Ruddys of Lydney Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ruddys of Lydney 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 Ruddys of Lydney Limited. You consider that Ruddys of Lydney 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 Ruddys of Lydney 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


21st October 2024