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REGISTERED NUMBER: 14376642 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

RyptX Ltd

RyptX Ltd (Registered number: 14376642)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RyptX Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs N Crowley
Mrs K S Crowley
J C Crowley
D B Crowley
Mrs N L Minett-Smith
D J Minett-Smith





REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS





REGISTERED NUMBER: 14376642 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

RyptX Ltd (Registered number: 14376642)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,870 -

CURRENT ASSETS
Debtors 5 389 109
Cash at bank and in hand 1,081 9,949
1,470 10,058
CREDITORS
Amounts falling due within one year 6 32,193 15,773
NET CURRENT LIABILITIES (30,723 ) (5,715 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,853

)

(5,715

)

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings (28,943 ) (5,805 )
SHAREHOLDERS' FUNDS (28,853 ) (5,715 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 February 2025 and were signed on its behalf by:



D B Crowley - Director J C Crowley - Director



D J Minett-Smith - Director


RyptX Ltd (Registered number: 14376642)

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


1. STATUTORY INFORMATION

RyptX Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 statement of financial position date.

Going concern
Despite net current liabilities at 31 December 2024 of £30,723 (2023 - £5,715), the accounts have been prepared on a going concern basis. The directors have reviewed the future cashflows of the business and have expressed their willingness to financially support the company for the foreseeable future, deeming the going concern method of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
Additions 1,870
At 31 December 2024 1,870
Net book value
At 31 December 2024 1,870

RyptX Ltd (Registered number: 14376642)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Other debtors 389 109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors - 2,100
Other creditors 32,193 13,673
32,193 15,773

7. RELATED PARTY DISCLOSURES

Directors

At 31 December 2024, the directors were owed £15,433 (2023 - £10,183). The loans from the directors, included within other creditors, are interest free and repayable on demand.