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RYP MECHANICAL SERVICES LIMITED

Registered Number
06594799
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

RYP MECHANICAL SERVICES LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

GRAHAM, Janis Ann
GRAHAM, Kevin

Company Secretary

GRAHAM, Janis Ann

Registered Address

Russet Lea Blooming Heather
Dearham
Maryport
CA15 7EF

Registered Number

06594799 (England and Wales)
RYP MECHANICAL SERVICES LIMITED
Statement of Financial Position
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3211,741211,378
211,741211,378
Current assets
Debtors41,007926
Cash at bank and on hand90,36787,768
91,37488,694
Creditors amounts falling due within one year5(41,357)(43,270)
Net current assets (liabilities)50,01745,424
Total assets less current liabilities261,758256,802
Provisions for liabilities6(813)(593)
Net assets260,945256,209
Capital and reserves
Called up share capital100100
Profit and loss account260,845256,109
Shareholders' funds260,945256,209
The financial statements were approved and authorised for issue by the Board of Directors on 19 November 2024, and are signed on its behalf by:
GRAHAM, Janis Ann
Director
Registered Company No. 06594799
RYP MECHANICAL SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 May 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.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 June 23208,2585,8955,880220,033
Additions-1,560-1,560
Disposals-(2,635)-(2,635)
At 31 May 24208,2584,8205,880218,958
Depreciation and impairment
At 01 June 23-3,2815,3748,655
Charge for year-298101399
On disposals-(1,837)-(1,837)
At 31 May 24-1,7425,4757,217
Net book value
At 31 May 24208,2583,078405211,741
At 31 May 23208,2582,614506211,378
4.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income1,007926
Total1,007926
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-729
Bank borrowings and overdrafts31,34837,640
Taxation and social security8,3493,346
Accrued liabilities and deferred income1,6601,555
Total41,35743,270
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)813593
Total813593