BrightAccountsProduction v1.0.0 v1.0.0 2023-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the provision of accountancy and taxation services. 27 March 2025 15 13 NI612564 2024-06-30 NI612564 2023-06-30 NI612564 2022-06-30 NI612564 2023-07-01 2024-06-30 NI612564 2022-07-01 2023-06-30 NI612564 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI612564 uk-curr:PoundSterling 2023-07-01 2024-06-30 NI612564 uk-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI612564 uk-bus:FullAccounts 2023-07-01 2024-06-30 NI612564 uk-core:ShareCapital 2024-06-30 NI612564 uk-core:ShareCapital 2023-06-30 NI612564 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI612564 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI612564 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 NI612564 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI612564 uk-bus:FRS102 2023-07-01 2024-06-30 NI612564 uk-core:Goodwill 2023-07-01 2024-06-30 NI612564 uk-core:Buildings 2023-07-01 2024-06-30 NI612564 uk-core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 NI612564 uk-core:ComputerEquipment 2023-07-01 2024-06-30 NI612564 uk-core:Goodwill 2023-06-30 NI612564 uk-core:Goodwill 2024-06-30 NI612564 uk-core:CurrentFinancialInstruments 2024-06-30 NI612564 uk-core:CurrentFinancialInstruments 2023-06-30 NI612564 uk-core:WithinOneYear 2024-06-30 NI612564 uk-core:WithinOneYear 2023-06-30 NI612564 uk-core:WithinOneYear 2024-06-30 NI612564 uk-core:WithinOneYear 2023-06-30 NI612564 uk-core:AfterOneYear 2024-06-30 NI612564 uk-core:AfterOneYear 2023-06-30 NI612564 uk-core:BetweenOneTwoYears 2024-06-30 NI612564 uk-core:BetweenOneTwoYears 2023-06-30 NI612564 uk-core:BetweenTwoFiveYears 2024-06-30 NI612564 uk-core:BetweenTwoFiveYears 2023-06-30 NI612564 uk-core:EmployeeBenefits 2023-06-30 NI612564 uk-core:EmployeeBenefits 2023-07-01 2024-06-30 NI612564 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 NI612564 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-06-30 NI612564 uk-core:OtherDeferredTax 2024-06-30 NI612564 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-06-30 NI612564 uk-core:EmployeeBenefits 2024-06-30 NI612564 uk-core:ParentEntities 2023-07-01 2024-06-30 NI612564 2023-07-01 2024-06-30 NI612564 uk-bus:Director1 2023-07-01 2024-06-30 NI612564 uk-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI612564
 
 
Wylie Ruddell Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 June 2024
Wylie Ruddell Ltd
Company Registration Number: NI612564
Balance Sheet
as at 30 June 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 75,967 -
Tangible assets 5 23,579 18,942
───────── ─────────
Fixed Assets 99,546 18,942
───────── ─────────
 
Current Assets
Debtors 6 375,612 320,016
Cash and cash equivalents 164,910 152,525
───────── ─────────
540,522 472,541
───────── ─────────
Creditors: amounts falling due within one year 7 (316,966) (242,004)
───────── ─────────
Net Current Assets 223,556 230,537
───────── ─────────
Total Assets less Current Liabilities 323,102 249,479
 
Creditors:
amounts falling due after more than one year 8 (46,830) (29,889)
 
Provisions for liabilities 9 (4,821) (2,817)
───────── ─────────
Net Assets 271,451 216,773
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 271,351 216,673
───────── ─────────
Equity attributable to owners of the company 271,451 216,773
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 27 March 2025 and signed on its behalf by
           
           
           
________________________________          
David Ruddell          
Director          
           



Wylie Ruddell Ltd
Notes to the Financial Statements
for the financial year ended 30 June 2024

   
1. General Information
 
Wylie Ruddell Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI612564. The registered office of the company is Unit 63, Armagh Business Centre, 2 Loughgall Road, Armagh, BT61 7NH, United Kingdom which is also the principal place of business of the company. The principal activity of the company is the provision of accountancy and taxation services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 June 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Short leasehold property - 20% reducing balance
  Fixtures, fittings and equipment - 20% reducing balance
  Computers and Software - 20% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 15, (2023 - 13).
 
  2024 2023
  Number Number
 
Accounting staff 15 13
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 July 2023 450,000 450,000
Additions 86,000 86,000
  ───────── ─────────
At 30 June 2024 536,000 536,000
  ───────── ─────────
Amortisation
At 1 July 2023 450,000 450,000
Charge for financial year 10,033 10,033
  ───────── ─────────
At 30 June 2024 460,033 460,033
  ───────── ─────────
Net book value
At 30 June 2024 75,967 75,967
  ═════════ ═════════
           
5. Tangible assets
  Short Fixtures, Computers Total
  leasehold fittings and and  
  property equipment Software  
  £ £ £ £
Cost
At 1 July 2023 5,045 25,116 40,163 70,324
Additions 2,475 4,356 2,749 9,580
  ───────── ───────── ───────── ─────────
At 30 June 2024 7,520 29,472 42,912 79,904
  ───────── ───────── ───────── ─────────
Depreciation and impairments
At 1 July 2023 4,612 19,811 26,959 51,382
Charge for the financial year 461 1,747 2,735 4,943
  ───────── ───────── ───────── ─────────
At 30 June 2024 5,073 21,558 29,694 56,325
  ───────── ───────── ───────── ─────────
Net book value
At 30 June 2024 2,447 7,914 13,218 23,579
  ═════════ ═════════ ═════════ ═════════
At 30 June 2023 433 5,305 13,204 18,942
  ═════════ ═════════ ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 280,573 240,084
Prepayments and accrued income 95,039 79,932
  ───────── ─────────
  375,612 320,016
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank loan 18,871 -
Trade creditors 45,752 22,044
Amounts owed to group undertakings 75,383 75,000
Taxation 158,048 126,374
Accruals 18,912 18,586
  ───────── ─────────
  316,966 242,004
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 46,830 29,889
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 18,871 -
Repayable between one and two years 19,485 11,369
Repayable between two and five years 27,345 18,520
  ───────── ─────────
  65,701 29,889
  ═════════ ═════════
 
           
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Other Total Total
  allowances differences    
         
      2024 2023
  £ £ £ £
 
At financial year start 2,817 - 2,817 2,836
Charged to profit and loss 2,913 (909) 2,004 (19)
  ───────── ───────── ───────── ─────────
At financial year end 5,730 (909) 4,821 2,817
  ═════════ ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 June 2024.
           
11. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
   
12. Parent company
 
The company regards SPJW Holdings Limited as its parent company.
 
   
13. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.