1 July 2023 v2025.3.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP051605362023-07-012024-06-30051605362024-06-30051605362023-06-3005160536core:WithinOneYear2024-06-3005160536core:WithinOneYear2023-06-3005160536core:ShareCapital2024-06-3005160536core:ShareCapital2023-06-3005160536core:RetainedEarningsAccumulatedLosses2024-06-3005160536core:RetainedEarningsAccumulatedLosses2023-06-3005160536bus:Director12023-07-012024-06-3005160536bus:RegisteredOffice2023-07-012024-06-3005160536core:NetGoodwill2023-07-012024-06-3005160536core:OfficeEquipment2023-07-012024-06-3005160536core:LandBuildings2023-07-012024-06-30051605362022-07-012023-06-3005160536core:NetGoodwill2024-06-3005160536core:NetGoodwill2023-07-0105160536core:NetGoodwill2023-06-3005160536core:LandBuildings2023-07-0105160536core:PlantMachinery2023-07-01051605362023-07-0105160536core:PlantMachinery2023-07-012024-06-3005160536core:LandBuildings2024-06-3005160536core:PlantMachinery2024-06-3005160536core:LandBuildings2023-06-3005160536core:PlantMachinery2023-06-300516053612023-07-012024-06-3005160536countries:EnglandWales2023-07-012024-06-3005160536bus:AuditExemptWithAccountantsReport2023-07-012024-06-3005160536bus:PrivateLimitedCompanyLtd2023-07-012024-06-3005160536bus:SmallEntities2023-07-012024-06-3005160536bus:FullAccounts2023-07-012024-06-30
Company registration number:
05160536
Ryland Design Services Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Ryland Design Services Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Intangible assets 5
4,517
 
5,646
 
Tangible assets 6
70,173
 
76,161
 
74,690
 
81,807
 
Current assets    
Stocks
25,000
 
8,500
 
Debtors 7
274,742
 
231,608
 
Cash at bank and in hand
231,888
 
231,751
 
531,630
 
471,859
 
Creditors: amounts falling due within one year 8
(205,701
)
(173,850
)
Net current assets
325,929
 
298,009
 
Total assets less current liabilities 400,619   379,816  
Provisions for liabilities
(8,421
)
(9,613
)
Net assets
392,198
 
370,203
 
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
392,188
 
370,193
 
Shareholders funds
392,198
 
370,203
 
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
7 January 2025
, and are signed on behalf of the board by:
A Allison
Director
Company registration number:
05160536
Ryland Design Services Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
9 Pavilion Way
,
New Waltham
,
Grimsby
,
North East Lincolnshire
,
DN36 4WT
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Current tax

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.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line and 25% reducing balance
Land and buildings
Not depreciated

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2023:
6.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 July 2023
and
30 June 2024
22,581
 
Amortisation  
At
1 July 2023
16,935
 
Charge
1,129
 
At
30 June 2024
18,064
 
Carrying amount  
At
30 June 2024
4,517
 
At 30 June 2023
5,646
 

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 July 2023
60,967
 
64,008
 
124,975
 
Additions -  
1,537
 
1,537
 
At
30 June 2024
60,967
 
65,545
 
126,512
 
Depreciation      
At
1 July 2023
-  
48,814
 
48,814
 
Charge -  
7,525
 
7,525
 
At
30 June 2024
-  
56,339
 
56,339
 
Carrying amount      
At
30 June 2024
60,967
 
9,206
 
70,173
 
At 30 June 2023
60,967
 
15,194
 
76,161
 

7 Debtors

20242023
££
Trade debtors
30,057
 
29,141
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
236,835
 
196,900
 
Other debtors
7,850
 
5,567
 
274,742
 
231,608
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors
2,829
 
3,400
 
Taxation and social security
47,954
 
44,483
 
Other creditors
154,918
 
125,967
 
205,701
 
173,850
 
The company is providing a cross guarantee as security for a loan on behalf of Allison Holdings Limited