Company registration number SC130511 (Scotland)
RYBKA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 22 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
RYBKA LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
RYBKA LIMITED
BALANCE SHEET
AS AT 22 APRIL 2024
22 April 2024
- 1 -
22 April 2024
30 June 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
57,040
80,395
Current assets
Debtors
4
2,266,473
2,250,218
Cash at bank and in hand
970,565
312,899
3,237,038
2,563,117
Creditors: amounts falling due within one year
5
(1,115,934)
(1,107,144)
Net current assets
2,121,104
1,455,973
Total assets less current liabilities
2,178,144
1,536,368
Creditors: amounts falling due after more than one year
6
-
0
(135,000)
Provisions for liabilities
(13,257)
-
0
Net assets
2,164,887
1,401,368
Capital and reserves
Called up share capital
10,145
10,145
Share premium account
64,049
64,049
Capital redemption reserve
11,412
11,412
Profit and loss reserves
2,079,281
1,315,762
Total equity
2,164,887
1,401,368

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 22 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RYBKA LIMITED
BALANCE SHEET (CONTINUED)
AS AT 22 APRIL 2024
22 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 17 March 2025 and are signed on its behalf by:
Stephanie Woodmass
Director
Company registration number SC130511 (Scotland)
RYBKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 22 APRIL 2024
- 3 -
1
Accounting policies
Company information

Rybka Limited is a private company limited by shares incorporated in Scotland. The registered office is 24 Rutland Street, Edinburgh, EH1 2AN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Ttruehe directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Reporting period

On 22 April 2024, 100% of the issued share capital of the immediate parent, Rybka 2020 Limited was acquired by BRUSH Group Limited. These financial statements have been prepared to this date. These financial statements therefore cover a period of 10 months which is not directly comparable with the previous period covering 12 months.

1.4
Turnover

Turnover represents amounts earned for the provision of engineering design services and is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office Equipment
various rates between 20% - 50% straight line
Furniture and Fixtures
various rates between 20% - 50% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

RYBKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 22 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received, where considered material.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

RYBKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 22 APRIL 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
50
48
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023
237,041
Additions
16,397
At 22 April 2024
253,438
Depreciation and impairment
At 1 July 2023
156,646
Depreciation charged in the period
39,752
At 22 April 2024
196,398
Carrying amount
At 22 April 2024
57,040
At 30 June 2023
80,395
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,044,238
1,043,731
Amounts owed by group undertakings
807,390
807,390
Other debtors
414,845
375,478
2,266,473
2,226,599
Deferred tax asset
-
0
23,619
2,266,473
2,250,218
RYBKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 22 APRIL 2024
- 6 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
60,000
Trade creditors
365,299
324,293
Corporation tax
237,649
44,752
Other taxation and social security
441,221
219,430
Other creditors
71,765
458,669
1,115,934
1,107,144
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
135,000
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
183,167
234,958
8
Parent company

The immediate parent company on 22 April 2024 was Rybka 2020 Limited.

 

On 22nd April 2024, Rybka 2020 Limited was acquired by BRUSH Group Limited, from this date the ultimate parent and controlling party was BRUSH Jersey Holdco IV Limited, a company incorporated in Jersey.

 

On 28 November 2024, Rybka 2020 Limited transferred it's investment in Rybka Limited to BRUSH Group Limited, from this date BRUSH Group Limited is the immediate parent company.

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