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REGISTERED NUMBER: 08506338 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

RYEMEAD COMMERCIAL GROUP LTD

RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RYEMEAD COMMERCIAL GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr S Hughes
Mrs H Hughes





REGISTERED OFFICE: Unit 9 Treadaway Technical Centre
Treadaway Hill
Loudwater
High Wycombe
HP10 9RS





REGISTERED NUMBER: 08506338 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 256,522 191,507

CURRENT ASSETS
Debtors 5 153,445 187,695
Cash at bank and in hand 69,905 15,496
223,350 203,191
CREDITORS
Amounts falling due within one
year

6

270,790

202,793
NET CURRENT (LIABILITIES)/ASSETS (47,440 ) 398
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,082

191,905

CREDITORS
Amounts falling due after more
than one year

7

(160,205

)

(123,509

)

PROVISIONS FOR LIABILITIES (48,739 ) (36,386 )
NET ASSETS 138 32,010

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38 31,910
138 32,010

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

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

The directors acknowledge their 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.

RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

BALANCE SHEET - continued
31ST DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th June 2025 and were signed on its behalf by:





Mr S Hughes - Director


RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Ryemead Commercial Group Ltd 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.

The financial statements have been prepared on the going concern basis on the assumption that the company will continue to trade for the foreseeable future, despite it having net current liabilities of £47,440 (2023 - £398 net current assets) as at the balance sheet date.

The directors consider the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.

Turnover
Turnover is recognised at the fair value the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. the fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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 - Straight line over 4 years
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 16 ) .

RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1st January 2024 16,151 70,135 274,580 360,866
Additions - 16,437 124,085 140,522
Disposals - - (14,963 ) (14,963 )
At 31st December 2024 16,151 86,572 383,702 486,425
DEPRECIATION
At 1st January 2024 4,430 58,446 106,483 169,359
Charge for year 2,713 8,761 59,526 71,000
Eliminated on disposal - - (10,456 ) (10,456 )
At 31st December 2024 7,143 67,207 155,553 229,903
NET BOOK VALUE
At 31st December 2024 9,008 19,365 228,149 256,522
At 31st December 2023 11,721 11,689 168,097 191,507

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 117,555 86,469
Other debtors 13,540 10,993
Directors' current accounts 11,171 75,272
Prepayments and accrued income 11,179 14,961
153,445 187,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,405 11,603
Hire purchase contracts 85,050 65,423
Trade creditors 34,417 43,028
Corporation tax 4,776 35,327
Social security and other taxes 8,315 19,301
VAT 88,193 27,995
Other creditors - 116
Net wages 36,113 -
Pension liabilities 1,521 -
270,790 202,793

RYEMEAD COMMERCIAL GROUP LTD (REGISTERED NUMBER: 08506338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 148,538 101,842
160,205 123,509

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 233,588 167,265

The obligations under the finance lease and hire purchase contracts are secured over the assets concerned.

9. OTHER FINANCIAL COMMITMENTS

The company had total commitments under operating leases not provided for in the financial statements totalling £87,600 (2023 - £17,002).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31st December 2024 and the period ended 31st December 2023:

2024 2023
£    £   
Mr S Hughes and Mrs H Hughes
Balance outstanding at start of year 75,272 98,399
Amounts advanced 11,200 75,272
Amounts repaid (75,301 ) (98,399 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,171 75,272

The directors' current account balances have no fixed date for repayment, are repayable upon demand and are non-interest bearing.