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REGISTERED NUMBER: 06520378 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

GEORGE RONALD LIMITED

GEORGE RONALD LIMITED (REGISTERED NUMBER: 06520378)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEORGE RONALD LIMITED

COMPANY INFORMATION
For The Year Ended 31st July 2024







DIRECTOR: P M Stafford





REGISTERED OFFICE: Cleveland House
31 North End
Osmotherley
Northallerton
DL6 3BA





REGISTERED NUMBER: 06520378 (England and Wales)

GEORGE RONALD LIMITED (REGISTERED NUMBER: 06520378)

BALANCE SHEET
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 172,500 189,750
Tangible assets 5 2,480,018 2,486,927
2,652,518 2,676,677

CURRENT ASSETS
Stocks 800 700
Debtors 6 96,450 105,819
Cash at bank and in hand 325,760 287,600
423,010 394,119
CREDITORS
Amounts falling due within one year 7 218,311 277,692
NET CURRENT ASSETS 204,699 116,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,857,217

2,793,104

CREDITORS
Amounts falling due after more than one
year

8

(422,613

)

(553,510

)

PROVISIONS FOR LIABILITIES (22,802 ) (24,530 )
NET ASSETS 2,411,802 2,215,064

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 2,411,800 2,215,062
SHAREHOLDERS' FUNDS 2,411,802 2,215,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

GEORGE RONALD LIMITED (REGISTERED NUMBER: 06520378)

BALANCE SHEET - continued
31st July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th April 2025 and were signed by:





P M Stafford - Director


GEORGE RONALD LIMITED (REGISTERED NUMBER: 06520378)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st July 2024

1. STATUTORY INFORMATION

George Ronald Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GEORGE RONALD LIMITED (REGISTERED NUMBER: 06520378)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 345,000
AMORTISATION
At 1st August 2023 155,250
Amortisation for year 17,250
At 31st July 2024 172,500
NET BOOK VALUE
At 31st July 2024 172,500
At 31st July 2023 189,750

GEORGE RONALD LIMITED (REGISTERED NUMBER: 06520378)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2023 2,388,809 153,071 93,679 3,942 2,639,501
Additions - 21,244 - 2,249 23,493
At 31st July 2024 2,388,809 174,315 93,679 6,191 2,662,994
DEPRECIATION
At 1st August 2023 - 125,213 23,419 3,942 152,574
Charge for year - 12,275 17,565 562 30,402
At 31st July 2024 - 137,488 40,984 4,504 182,976
NET BOOK VALUE
At 31st July 2024 2,388,809 36,827 52,695 1,687 2,480,018
At 31st July 2023 2,388,809 27,858 70,260 - 2,486,927

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,000 21,419
Other debtors 79,450 84,400
96,450 105,819

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,200 68,000
Trade creditors 49,780 131,822
Taxation and social security 116,331 77,870
218,311 277,692

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 422,044 518,202
Other creditors 569 35,308
422,613 553,510

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 160,144 178,202

GEORGE RONALD LIMITED (REGISTERED NUMBER: 06520378)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st July 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 474,244 586,202

Bank borrowing is secured by a Debenture in favour of Lloyds Bank PLC dated 14th July 2015.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £0.01 2 2