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REGISTERED NUMBER: 02480779 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Ryefield Engineering Company Limited

Ryefield Engineering Company Limited (Registered number: 02480779)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Ryefield Engineering Company Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M T Sollis





REGISTERED OFFICE: Delamare Road
Cheshunt
Hertfordshire
EN8 9TA





REGISTERED NUMBER: 02480779 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ryefield Engineering Company 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report 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 Ryefield Engineering Company Limited for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ryefield Engineering Company 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 Ryefield Engineering Company Limited and state those matters that we have agreed to state to the Board of Directors of Ryefield Engineering Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ryefield Engineering Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ryefield Engineering Company 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 Ryefield Engineering Company Limited. You consider that Ryefield Engineering Company 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 Ryefield Engineering Company 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.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP


14 January 2025

Ryefield Engineering Company Limited (Registered number: 02480779)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 22,770 20,548
Investments 6 82,133 82,133
104,904 102,682

CURRENT ASSETS
Stocks 1,261,946 1,247,832
Debtors 7 707,802 923,338
Cash at bank and in hand 3,161,982 5,718,551
5,131,730 7,889,721
CREDITORS
Amounts falling due within one year 8 (1,133,924 ) (1,103,457 )
NET CURRENT ASSETS 3,997,806 6,786,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,102,710

6,888,946

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 4,101,710 6,887,946
SHAREHOLDERS' FUNDS 4,102,710 6,888,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Ryefield Engineering Company Limited (Registered number: 02480779)

Statement of Financial Position - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:




V Caltagirone - Director



M T Sollis - Director


Ryefield Engineering Company Limited (Registered number: 02480779)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Ryefield Engineering Company 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Short leasehold - over lease term
Fixtures and fittings - 50% on reducing balance, 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


Ryefield Engineering Company Limited (Registered number: 02480779)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 198,995
AMORTISATION
At 1 November 2023
and 31 October 2024 198,994
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

Ryefield Engineering Company Limited (Registered number: 02480779)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 5,301 38,367 73,145 71,583 188,396
Additions - - 7,377 - 7,377
At 31 October 2024 5,301 38,367 80,522 71,583 195,773
DEPRECIATION
At 1 November 2023 5,301 38,053 63,466 61,028 167,848
Charge for year - 61 2,456 2,638 5,155
At 31 October 2024 5,301 38,114 65,922 63,666 173,003
NET BOOK VALUE
At 31 October 2024 - 253 14,600 7,917 22,770
At 31 October 2023 - 314 9,679 10,555 20,548

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 82,133
NET BOOK VALUE
At 31 October 2024 82,133
At 31 October 2023 82,133

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 690,598 907,435
Other debtors 17,204 15,903
707,802 923,338

Ryefield Engineering Company Limited (Registered number: 02480779)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 610,575 524,829
Taxation and social security 503,773 538,643
Other creditors 19,576 39,985
1,133,924 1,103,457

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000