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Company Registration No. 11402206 (England and Wales)
Northern Rye Ltd Unaudited accounts for the year ended 30 June 2024
Northern Rye Ltd Unaudited accounts Contents
Page
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Northern Rye Ltd Company Information for the year ended 30 June 2024
Directors
Robbie Reid Livingstone Alexandra Linda Elizabeth Callear
Company Number
11402206 (England and Wales)
Registered Office
Northern Rye Ltd Unit C2 Bergen Close, Tyne Tunnel Trading Estate North Shields Tyne and Wear NE29 7TA England
Accountants
LRK Accounting & Bookkeeping Ltd 128 City Road London EC1V 2NX
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Northern Rye Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
212,344 
95,431 
Investment property
(61,790)
(61,790)
150,554 
33,641 
Current assets
Debtors
11,557 
1,602 
Cash at bank and in hand
27,307 
131,019 
38,864 
132,621 
Creditors: amounts falling due within one year
(56,561)
(31,711)
Net current (liabilities)/assets
(17,697)
100,910 
Total assets less current liabilities
132,857 
134,551 
Creditors: amounts falling due after more than one year
(5,092)
(19,881)
Provisions for liabilities
Deferred tax
(5,564)
- 
Net assets
122,201 
114,670 
Capital and reserves
Called up share capital
10 
10 
Capital contribution reserve
(2,263)
- 
Profit and loss account
124,454 
114,660 
Shareholders' funds
122,201 
114,670 
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by
Robbie Reid Livingstone Director Company Registration No. 11402206
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Northern Rye Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Northern Rye Ltd is a private company, limited by shares, registered in England and Wales, registration number 11402206. The registered office is Northern Rye Ltd, Unit C2, Bergen Close, Tyne Tunnel Trading Estate, North Shields, Tyne and Wear, NE29 7TA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
15% Reducing balance
Take over of NR Riverside Walk Ltd
In the year end March 2022 NR Riverside Walk Ltd - a company with the same directors/shareholders, selling product manufactured by Northern Rye Ltd was taken over to enable production and sales from the same company.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Northern Rye Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
154,197 
25,240 
- 
179,437 
Additions
102,157 
- 
54,364 
156,521 
At 30 June 2024
256,354 
25,240 
54,364 
335,958 
Depreciation
At 1 July 2023
74,745 
9,261 
- 
84,006 
Charge for the year
28,257 
3,196 
8,155 
39,608 
At 30 June 2024
103,002 
12,457 
8,155 
123,614 
Net book value
At 30 June 2024
153,352 
12,783 
46,209 
212,344 
At 30 June 2023
79,452 
15,979 
- 
95,431 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
(61,790)
At 30 June 2024
(61,790)
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
750 
1,602 
Accrued income and prepayments
10,807 
- 
11,557 
1,602 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,357 
- 
VAT
15,554 
6,677 
Trade creditors
29,249 
19,614 
Taxes and social security
2,967 
5,095 
Loans from directors
131 
325 
Accruals
1,303 
- 
56,561 
31,711 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,092 
- 
Trade creditors
- 
19,881 
5,092 
19,881 
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Northern Rye Ltd Notes to the Accounts for the year ended 30 June 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,564 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
5,564 
- 
Provision at end of year
5,564 
- 
10
Average number of employees
During the year the average number of employees was 20 (2023: 15).
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