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Registered number: 10569940
Ryedale Joinery Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Moyola House, 31 Hawthorn Grove
York
YO31 7YA
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 10569940
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 30,000 45,000
Tangible Assets 5 198,946 192,862
228,946 237,862
CURRENT ASSETS
Stocks 6 33,673 48,500
Debtors 7 34,219 14,595
Cash at bank and in hand 146,623 153,940
214,515 217,035
Creditors: Amounts Falling Due Within One Year 8 (235,230 ) (203,705 )
NET CURRENT ASSETS (LIABILITIES) (20,715 ) 13,330
TOTAL ASSETS LESS CURRENT LIABILITIES 208,231 251,192
Creditors: Amounts Falling Due After More Than One Year 9 (17,786 ) (16,270 )
NET ASSETS 190,445 234,922
CAPITAL AND RESERVES
Called up share capital 10 101 100
Profit and Loss Account 190,344 234,822
SHAREHOLDERS' FUNDS 190,445 234,922
Page 1
Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Stronach
Director
28th March 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 December 2022 100 195,955 196,055
Profit for the year and total comprehensive income - 107,867 107,867
Dividends paid - (69,000) (69,000)
As at 30 November 2023 and 1 December 2023 100 234,822 234,922
Profit for the year and total comprehensive income - 67,022 67,022
Dividends paid - (111,500) (111,500)
Arising on shares issued during the period 1 - 1
As at 30 November 2024 101 190,344 190,445
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Ryedale Joinery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10569940 . The registered office is Unit 9b Beansheaf Industrial Park, Tofts Road, Kirby Misperton, N. Yorks, YO17 6BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing balance method
Motor Vehicles 25% Reducing balance method
Fixtures & Fittings 20% Reducing balance method
Computer Equipment 33% Straight line method
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 4
Page 5
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 15)
16 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 150,000
As at 30 November 2024 150,000
Amortisation
As at 1 December 2023 105,000
Provided during the period 15,000
As at 30 November 2024 120,000
Net Book Value
As at 30 November 2024 30,000
As at 1 December 2023 45,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 186,229 79,994 68,232 11,353 345,808
Additions 22,589 31,450 11,095 791 65,925
Disposals - (15,500 ) - - (15,500 )
As at 30 November 2024 208,818 95,944 79,327 12,144 396,233
Depreciation
As at 1 December 2023 71,179 44,437 28,148 9,182 152,946
...CONTINUED
Page 5
Page 6
Provided during the period 27,528 15,526 10,236 1,647 54,937
Disposals - (10,596 ) - - (10,596 )
As at 30 November 2024 98,707 49,367 38,384 10,829 197,287
Net Book Value
As at 30 November 2024 110,111 46,577 40,943 1,315 198,946
As at 1 December 2023 115,050 35,557 40,084 2,171 192,862
6. Stocks
2024 2023
£ £
Stock 5,000 5,000
Work in progress 28,673 43,500
33,673 48,500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,544 14,595
Prepayments and accrued income 6,675 -
34,219 14,595
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,961 3,647
Trade creditors 52,926 36,338
Bank loans and overdrafts 10,368 10,760
Corporation tax 22,906 13,522
Other taxes and social security 8,576 11,712
VAT 34,859 27,886
Pension account 1,507 1,644
Payment on account 94,123 94,123
Accruals and deferred income 3,678 3,000
Directors' loan accounts 326 1,073
235,230 203,705
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,126 1,425
Bank loans 4,660 14,845
17,786 16,270
Page 6
Page 7
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 100
Page 7