2023-06-01 05453346 2024-05-31 05453346 2023-06-01 2024-05-31 05453346 2023-05-31 05453346 2022-06-01 2023-05-31 05453346 uk-core:WithinOneYear 2023-05-31 05453346 uk-core:WithinOneYear 2024-05-31 05453346 uk-core:AfterOneYear 2023-05-31 05453346 uk-core:AfterOneYear 2024-05-31 05453346 uk-core:ShareCapital 2024-05-31 05453346 uk-core:ShareCapital 2023-05-31 05453346 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 05453346 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 05453346 uk-bus:Director1 2023-06-01 2024-05-31 05453346 uk-core:Vehicles 2023-06-01 2024-05-31 05453346 uk-core:PlantMachinery 2023-05-31 05453346 uk-core:Vehicles 2023-05-31 05453346 uk-core:Vehicles 2024-05-31 05453346 uk-core:PlantMachinery 2024-05-31 05453346 uk-core:PlantMachinery 2023-06-01 2024-05-31 05453346 uk-core:CostValuation 2023-05-31 05453346 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-05-31 05453346 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-05-31 05453346 uk-core:CostValuation 2024-05-31 05453346 uk-core:ProvisionsForImpairmentInvestments uk-core:Non-currentFinancialInstruments 2023-05-31 05453346 uk-core:ProvisionsForImpairmentInvestments 2023-05-31 05453346 uk-core:ProvisionsForImpairmentInvestments uk-core:Non-currentFinancialInstruments 2024-05-31 05453346 uk-core:ProvisionsForImpairmentInvestments 2024-05-31 05453346 uk-core:Non-currentFinancialInstruments 2024-05-31 05453346 uk-core:Non-currentFinancialInstruments 2023-05-31 05453346 uk-core:AfterOneYear uk-core:Secured 2024-05-31 05453346 uk-core:AfterOneYear uk-core:Secured 2023-05-31 iso4217:GBP xbrli:pure 05453346 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 05453346 uk-bus:FRS102 2023-06-01 2024-05-31 05453346 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 05453346 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
Ryan Inspection Services Ltd
Registered Number:05453346
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Ryan Inspection Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05453346
As at 31 May 2024
Ryan Inspection Services Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
15,110
20,146
2
Financial assets
80,081
33,600
3
48,710
100,227
Current assets
Inventories
3,737
3,412
4
Trade and other receivables
48,774
43,046
5
253,491
Cash and cash equivalents
266,765
313,223
306,002
Trade and other payables: amounts falling due within one
year
(46,984)
(40,619)
6
259,018
272,604
Net current assets
Total assets less current liabilities
321,314
359,245
Trade and other payables: amounts falling due after more
than one year
(37,341)
(32,215)
7
289,099
Net assets
321,904
Capital and reserves
Called up share capital
200
200
Retained earnings
288,899
321,704
289,099
321,904
Shareholders' funds
For the year ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P Ryan Director
These financial statements were approved and authorised for issue by the Board on 17 February 2025 and were signed by:
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4
Registered Number :
05453346
For the year ended 31 May 2024
Ryan Inspection Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 May 2024
Ryan Inspection Services Ltd
Notes to the Financial Statements
Statutory Information
Ryan Inspection Services Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05453346.
Registered address:
Guardian House,
Clark Street
Stourbridge
West Midlands
DY8 3UF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 31 May 2024
Ryan Inspection Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 June 2023
95,679
22,500
73,179
At 31 May 2024
73,179
22,500
95,679
Provision for depreciation and impairment
At 01 June 2023
75,533
17,083
58,450
Charge for year
5,036
5,036
-
At 31 May 2024
80,569
22,119
58,450
At 31 May 2024
Net book value
14,729
381
15,110
At 31 May 2023
14,729
5,417
20,146
3. Investments held as fixed assets
Other investments
Total
At 01 June 2023
120,037
120,037
Cost
£
£
At 31 May 2024
120,037
120,037
Provision for amortisation and impairment
At 01 June 2023
86,437
86,437
At 31 May 2024
86,437
86,437
At 31 May 2024
Net book value
33,600
33,600
At 01 June 2023
33,600
33,600
4. Inventories
2023
2024
£
£
Stocks
3,412
3,737
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7
For the year ended 31 May 2024
Ryan Inspection Services Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
40,283
45,904
Other debtors
2,763
2,870
48,774
43,046
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
35,754
35,102
Other creditors
4,865
11,882
40,619
46,984
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
21,742
32,481
Trade creditors
10,473
4,860
32,215
37,341
8. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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