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
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
Northern Rye Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
212,344
95,431
Investment property
(61,790)
(61,790)
Cash at bank and in hand
27,307
131,019
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
Net assets
122,201
114,670
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
Northern Rye Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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
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
At 30 June 2024
153,352
12,783
46,209
212,344
At 30 June 2023
79,452
15,979
-
95,431
Fair value at 1 July 2023
(61,790)
Amounts falling due within one year
Accrued income and prepayments
10,807
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,357
-
Trade creditors
29,249
19,614
Taxes and social security
2,967
5,095
Loans from directors
131
325
8
Creditors: amounts falling due after more than one year
2024
2023
Northern Rye Ltd
Notes to the Accounts
for the year ended 30 June 2024
9
Deferred taxation
2024
2023
Accelerated capital allowances
5,564
-
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).