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Registered Number: NI642203
Northern Ireland

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

RYAN'S RETAIL LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Intangible fixed assets 2 100,000    100,000 
Tangible fixed assets 3 29,899    17,972 
129,899    117,972 
Current assets
Inventories 4 28,000    21,000 
Debtors 5 6,297    4,000 
Cash at bank and in hand 42,972    22,610 
77,269    47,610 
Creditors: amount falling due within one year 6 (132,116)   (143,824)
Net current assets/(liabilities) (54,847)   (96,214)
 
Total assets less current liabilities 75,052    21,758 
Creditors: amount falling due after more than one year 7 (81,674)  
Net assets/(liabilities) (6,622)   21,758 
 

Capital and reserves
Called up share capital 100    100 
Profit and loss account 8 (6,722)   21,658 
Shareholders fund (6,622)   21,758 
 
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Ryan Gerard Lynch
Director

Date approved: 23 June 2025
1
Statutory Information
RYAN'S RETAIL LTD is a private limited company, limited by shares, domiciled in Northern Ireland, registration number NI642203, registration address 8 Glenbracken Drive, Feeny, Londonderry, BT47 4UE, Northern Ireland.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
2.

Intangible fixed assets

Cost or Valuation   Goodwill   Total
    £   £
At 01 April 2023   100,000    100,000 
Additions    
At 31 March 2024   100,000    100,000 
Amortisation
At 01 April 2023    
Charge for year    
At 31 March 2024    
Net book values
At 31 March 2024   100,000    100,000 
At 31 March 2023   100,000    100,000 

3.

Tangible fixed assets

Cost or Valuation   Plant and machinery   Fixtures and fittings   Total
    £   £   £
At 01 April 2023     17,972    17,972 
Additions   18,279      18,279 
At 31 March 2024   18,279    17,972    36,251 
Depreciation
At 01 April 2023      
Charge for year   3,656    2,696    6,352 
At 31 March 2024   3,656    2,696    6,352 
Net book values
Closing balance as at 31 March 2024   14,623    15,276    29,899 
Opening balance as at 01 April 2023     17,972    17,972 

4.

Inventories

2024
£
  2023
£
Finished goods 28,000    21,000 
28,000    21,000 
5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other debtors 4,001    4,000 
Vat 2,296   
6,297    4,000 
6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade creditors 36,794    36,794 
Accrued expenses 10,986    8,108 
Wages & salaries control account 1,617   
Directors' current account 81,820    98,817 
Social security & other tax 899   
Vat   105 
132,116    143,824 
7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
HWL loan 34,392   
Drawdown loan 47,282   
81,674   
8.

Profit and loss account

  2024
£
Balance at 01 April 2023 21,658 
Loss for the year (28,380)
Balance at 31 March 2024 (6,722)

9.

Average number of employees

Average number of employees during the year were 19 (2023: 6).
2