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RYOBE UK LIMITED

Registered Number
06724449
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

RYOBE UK LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

COX, Jeffrey David
COX, Kirsty Rebecca

Registered Address

New World Business Centre Station Road
Warmley
Bristol
BS30 8XG

Registered Number

06724449 (England and Wales)
RYOBE UK LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets45,69037,648
5,69037,648
Current assets
Stocks-5,810
Debtors5174,636201,730
Cash at bank and on hand1,02217,069
175,658224,609
Creditors amounts falling due within one year6(65,910)(111,899)
Net current assets (liabilities)109,748112,710
Total assets less current liabilities115,438150,358
Creditors amounts falling due after one year7(5,030)(9,954)
Provisions for liabilities(5,904)(7,153)
Net assets104,504133,251
Capital and reserves
Called up share capital1,0001,000
Profit and loss account103,504132,251
Shareholders' funds104,504133,251
The financial statements were approved and authorised for issue by the Board of Directors on 3 June 2025, and are signed on its behalf by:
COX, Jeffrey David
Director
Registered Company No. 06724449
RYOBE UK LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings15
Office Equipment15
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Total

£
Cost or valuation
At 01 November 2321,802
At 31 October 2421,802
Amortisation and impairment
At 01 November 2321,802
At 31 October 2421,802
Net book value
At 31 October 24-
At 31 October 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 23114,244
Disposals(89,744)
At 31 October 2424,500
Depreciation and impairment
At 01 November 2376,596
Charge for year6,573
On disposals(64,359)
At 31 October 2418,810
Net book value
At 31 October 245,690
At 31 October 2337,648
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,4185,086
Other debtors170,218196,644
Total174,636201,730
Included in other debtors is a loan of £169,111 (2023 - £190,073) to an associate company New World Business Centre Ltd, which is owned by Mr & Mrs Cox 100%.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4136,783
Bank borrowings and overdrafts4,4805,007
Taxation and social security6264,138
Other creditors59,64094,395
Accrued liabilities and deferred income7511,576
Total65,910111,899
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,0309,954
Total5,0309,954
8.Guarantees provided on behalf of directors
The company guarantees are an associate company New World Business Centre which Mr & Mrs Cox own 100% for £100,000.
9.Controlling party
The company directors are the ultimate controlling party.