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REGISTERED NUMBER: 01058924 (England and Wales)











RYTONS BUILDING PRODUCTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






RYTONS BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 01058924)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


RYTONS BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 01058924)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,047,100 1,133,821

CURRENT ASSETS
Stocks 251,202 344,653
Debtors 670,309 504,827
Prepayments and accrued income 13,618 8,950
Cash at bank 4,994,886 4,778,710
5,930,015 5,637,140
CREDITORS
Amounts falling due within one year 609,023 689,572
NET CURRENT ASSETS 5,320,992 4,947,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,368,092

6,081,389

PROVISIONS FOR LIABILITIES 38,261 54,253
NET ASSETS 6,329,831 6,027,136

CAPITAL AND RESERVES
Called up share capital 5 10,000 10,000
Retained earnings 6,319,831 6,017,136
SHAREHOLDERS' FUNDS 6,329,831 6,027,136

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

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

RYTONS BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 01058924)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 August 2024 and were signed on its behalf by:





R G Irwin - Director


RYTONS BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 01058924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Rytons Building Products Limited 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: 01058924

Registered office: Design House
Kettering Business Park
Kettering
Northamptonshire
NN15 6NL

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 represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 0% freehold buildings
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

No depreciation is provided on freehold land. Freehold buildings are depreciated at a rate of 0% per annum because depreciation would be immaterial on this class of asset which has a long useful economic life. The freehold building is subject to a policy of regular maintenance & repair (charged to the profit & loss account) so that the asset maintains its performance standards. The carrying values of tangible fixed assets are reviewed at the end of each accounting period when there is an indication that the assets may be impaired.

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

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.


RYTONS BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 01058924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 2,201,754
DEPRECIATION
At 1 May 2023 1,067,933
Charge for year 86,721
At 30 April 2024 1,154,654
NET BOOK VALUE
At 30 April 2024 1,047,100
At 30 April 2023 1,133,821

Included in cost of land and buildings is freehold land of £ 393,557 (2023 - £ 393,557 ) which is not depreciated.

RYTONS BUILDING PRODUCTS LIMITED (REGISTERED NUMBER: 01058924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1.00 10,000 10,000