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REGISTERED NUMBER: 06255227 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Paul Ryan (UK) Limited

Paul Ryan (UK) Limited (Registered number: 06255227)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paul Ryan (UK) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: P Ryan





SECRETARY: Mrs Y Ryan





REGISTERED OFFICE: 41b Beach Road
Littlehampton
West Sussex
BN17 5JA





REGISTERED NUMBER: 06255227 (England and Wales)





ACCOUNTANTS: Reeves Wilkinson Limited trading as Botting & Co
Chartered Certified Accountants
41b Beach Road
Littlehampton
West Sussex
BN17 5JA

Paul Ryan (UK) Limited (Registered number: 06255227)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 18,750 25,000
Tangible assets 5 340,262 381,282
359,012 406,282

CURRENT ASSETS
Debtors 6 916,715 898,136
Cash at bank 437,164 332,114
1,353,879 1,230,250
CREDITORS
Amounts falling due within one year 7 (353,548 ) (366,371 )
NET CURRENT ASSETS 1,000,331 863,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,359,343

1,270,161

CREDITORS
Amounts falling due after more than one
year

8

(24,380

)

(57,537

)

PROVISIONS FOR LIABILITIES (57,977 ) (66,193 )
NET ASSETS 1,276,986 1,146,431

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,276,885 1,146,330
SHAREHOLDERS' FUNDS 1,276,986 1,146,431

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 director acknowledges his 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.

Paul Ryan (UK) Limited (Registered number: 06255227)

Balance Sheet - continued
31 December 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 director and authorised for issue on 17 March 2025 and were signed by:





P Ryan - Director


Paul Ryan (UK) Limited (Registered number: 06255227)

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

1. STATUTORY INFORMATION

Paul Ryan (UK) 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Franchise costs, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of fifteen years.

Additional franchise areas purchased by the company are amortised over the unexpired term of the franchise agreements.

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.
Plant and machinery etc - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

Paul Ryan (UK) Limited (Registered number: 06255227)

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

2. ACCOUNTING POLICIES - continued

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 22 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 224,117
AMORTISATION
At 1 January 2024 199,117
Charge for year 6,250
At 31 December 2024 205,367
NET BOOK VALUE
At 31 December 2024 18,750
At 31 December 2023 25,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short and
property leasehold fittings
£    £    £   
COST
At 1 January 2024 30,000 99,638 379,921
Additions - - 29,769
Disposals - - -
At 31 December 2024 30,000 99,638 409,690
DEPRECIATION
At 1 January 2024 1,500 18,091 269,998
Charge for year 600 4,906 34,923
At 31 December 2024 2,100 22,997 304,921
NET BOOK VALUE
At 31 December 2024 27,900 76,641 104,769
At 31 December 2023 28,500 81,547 109,923

Paul Ryan (UK) Limited (Registered number: 06255227)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 338,866 44,430 892,855
Additions 16,600 3,690 50,059
Disposals (7,000 ) - (7,000 )
At 31 December 2024 348,466 48,120 935,914
DEPRECIATION
At 1 January 2024 191,273 30,711 511,573
Charge for year 39,298 4,352 84,079
At 31 December 2024 230,571 35,063 595,652
NET BOOK VALUE
At 31 December 2024 117,895 13,057 340,262
At 31 December 2023 147,593 13,719 381,282

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 485,366 455,521
Other debtors 431,349 442,615
916,715 898,136

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 11,267 9,848
Hire purchase contracts 22,668 22,668
Trade creditors 126,199 137,708
Taxation and social security 146,010 138,874
Other creditors 47,404 57,273
353,548 366,371

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 4,614 15,103
Hire purchase contracts 19,766 42,434
24,380 57,537

Paul Ryan (UK) Limited (Registered number: 06255227)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 42,434 65,102

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had total annual commitments and guarantees of £36,200 (2023:£42,750).