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REGISTERED NUMBER: 04477491 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

RYDO ENGINEERING LIMITED

RYDO ENGINEERING LIMITED (REGISTERED NUMBER: 04477491)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RYDO ENGINEERING LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R A Cawte





SECRETARY: Mrs C Cawte





REGISTERED OFFICE: c/o B20 Ltd
Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP





REGISTERED NUMBER: 04477491 (England and Wales)





ACCOUNTANTS: B20 Limited
Chartered Certified Accountants
Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP

RYDO ENGINEERING LIMITED (REGISTERED NUMBER: 04477491)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,007 3,017
2,007 3,017

CURRENT ASSETS
Debtors 6 51,572 57,390
Cash at bank 4,976 12,434
56,548 69,824
CREDITORS
Amounts falling due within one year 7 (18,290 ) (26,365 )
NET CURRENT ASSETS 38,258 43,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,265

46,476

CREDITORS
Amounts falling due after more than one
year

8

(10,258

)

(16,464

)
NET ASSETS 30,007 30,012

CAPITAL AND RESERVES
Called up share capital 32 32
Share premium 29,970 29,970
Retained earnings 5 10
SHAREHOLDERS' FUNDS 30,007 30,012

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

RYDO ENGINEERING LIMITED (REGISTERED NUMBER: 04477491)

Balance Sheet - continued
31 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 21 February 2025 and were signed by:





R A Cawte - Director


RYDO ENGINEERING LIMITED (REGISTERED NUMBER: 04477491)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

RYDO ENGINEERING 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.

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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities, stated net of discount and sales taxes.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

Tangible assets are stated in the balance sheet at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and to and from related parties

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found an impairment loss is recognised in the profit and loss account.

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.

RYDO ENGINEERING LIMITED (REGISTERED NUMBER: 04477491)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 92,796 25,000 117,796
AMORTISATION
At 1 August 2023
and 31 July 2024 92,796 25,000 117,796
NET BOOK VALUE
At 31 July 2024 - - -
At 31 July 2023 - - -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 3,653 19,178 8,865 31,696
DEPRECIATION
At 1 August 2023 3,612 16,404 8,663 28,679
Charge for year 10 949 51 1,010
At 31 July 2024 3,622 17,353 8,714 29,689
NET BOOK VALUE
At 31 July 2024 31 1,825 151 2,007
At 31 July 2023 41 2,774 202 3,017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 20,744 20,755
Other debtors 30,828 36,635
51,572 57,390

RYDO ENGINEERING LIMITED (REGISTERED NUMBER: 04477491)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 7,794 13,249
Trade creditors 4,949 1,358
Taxation and social security 3,348 9,646
Other creditors 2,199 2,112
18,290 26,365

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 10,258 16,464