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REGISTERED NUMBER: 10740539 (England and Wales)














MAID IN RYE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






MAID IN RYE LIMITED (REGISTERED NUMBER: 10740539)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


MAID IN RYE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mrs L M Wheeler
Mr K D Wheeler





REGISTERED OFFICE: 8 Landgate
Rye
East Sussex
TN31 7LH





REGISTERED NUMBER: 10740539 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

MAID IN RYE LIMITED (REGISTERED NUMBER: 10740539)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,307 19,185

CURRENT ASSETS
Debtors 5 60,070 63,268
Cash at bank 5,798 12,714
65,868 75,982
CREDITORS
Amounts falling due within one year 6 74,027 67,985
NET CURRENT (LIABILITIES)/ASSETS (8,159 ) 7,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,148

27,182

CREDITORS
Amounts falling due after more than
one year

7

33,748

40,404
NET LIABILITIES (25,600 ) (13,222 )

CAPITAL AND RESERVES
Called up share capital 8 20 20
Retained earnings (25,620 ) (13,242 )
SHAREHOLDERS' FUNDS (25,600 ) (13,222 )

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

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

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 by the Board of Directors and authorised for issue on 28th January 2025 and were signed on its behalf by:



Mr K D Wheeler - Director


MAID IN RYE LIMITED (REGISTERED NUMBER: 10740539)

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


1. STATUTORY INFORMATION

Maid In Rye 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 10 ) .

MAID IN RYE LIMITED (REGISTERED NUMBER: 10740539)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2023
and 30th April 2024 1,425 40,642 650 42,717
DEPRECIATION
At 1st May 2023 807 22,320 405 23,532
Charge for year 92 2,749 37 2,878
At 30th April 2024 899 25,069 442 26,410
NET BOOK VALUE
At 30th April 2024 526 15,573 208 16,307
At 30th April 2023 618 18,322 245 19,185

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1st May 2023
and 30th April 2024 28,642
DEPRECIATION
At 1st May 2023 16,584
Charge for year 1,809
At 30th April 2024 18,393
NET BOOK VALUE
At 30th April 2024 10,249
At 30th April 2023 12,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,153 32,127
Other debtors 25,917 31,141
60,070 63,268

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,752 7,839
Trade creditors 5,142 5,418
Taxation and social security 29,571 26,589
Other creditors 31,562 28,139
74,027 67,985

MAID IN RYE LIMITED (REGISTERED NUMBER: 10740539)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 33,748 40,404

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,403

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary 1 20 20

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mrs L M Wheeler
Balance outstanding at start of year 30,501 29,655
Amounts advanced 940 846
Amounts repaid (6,100 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,341 30,501