Rye Food and Drink Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04912966 (England and Wales)

RYE FOOD AND DRINK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G R Dalton

R E Dalton

SECRETARY:

R E Dalton

REGISTERED OFFICE:

28b High Street

Rye

East Sussex

TN31 7JG

REGISTERED NUMBER:

04912966 (England and Wales)

ACCOUNTANTS:

Busbys

Chartered Accountants

Unit 7

Pickhill Business Centre

Smallhythe Road

Tenterden

Kent

TN30 7LZ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

34,894

46,498

34,894

46,498

CURRENT ASSETS

Stocks

101,000

Debtors

6

20,136

9,088

Cash at bank and in hand

209,535

218,228

330,671

328,316

CREDITORS

Amounts falling due within one year

7

74,987

72,345

NET CURRENT ASSETS

255,684

255,971

TOTAL ASSETS LESS CURRENT
LIABILITIES

290,578

302,469

CREDITORS

Amounts falling due after more than one
year

8

(5,733

)

(19,733

)

PROVISIONS FOR LIABILITIES

(7,735

)

(9,522

)

NET ASSETS

277,110

273,214

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

277,010

273,114

SHAREHOLDERS' FUNDS

277,110

273,214

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

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

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 Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

R E Dalton - Director

Mrs G R Dalton - Director

1.	STATUTORY INFORMATION

Rye Food and Drink 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill paid in connection with the acquisition of a business in 2004 was being amortised evenly over its estimated useful life of twenty years. In anticipation of new accounting rules, the balance of goodwill at 1 October 2013 was amortised evenly over four years and has been fully amortised by 30 September 2017.

Goodwill relating to the acquisition of a new business in 2015 has been fully amortised by 31 December 2019.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Over the term of the lease

Improvements to property

-

Over the term of the lease

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

straight line over 3 years

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.

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.

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 15 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

55,760

AMORTISATION

At 1 January 2024

and 31 December 2024

55,760

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

leasehold

property

fittings

£

COST

At 1 January 2024

12,100

99,105

93,769

Additions

-

2,971

Disposals

-

(13,064

)

At 31 December 2024

12,100

99,105

83,676

DEPRECIATION

At 1 January 2024

12,100

82,551

64,263

Charge for year

-

8,734

4,696

Eliminated on disposal

-

(11,877

)

At 31 December 2024

12,100

91,285

57,082

NET BOOK VALUE

At 31 December 2024

-

7,820

26,594

At 31 December 2023

-

16,554

29,506

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

7,995

3,557

216,526

Additions

-

370

3,341

Disposals

-

(13,064

)

At 31 December 2024

7,995

3,927

206,803

DEPRECIATION

At 1 January 2024

7,940

3,174

170,028

Charge for year

14

314

13,758

Eliminated on disposal

-

(11,877

)

At 31 December 2024

7,954

3,488

171,909

NET BOOK VALUE

At 31 December 2024

41

439

34,894

At 31 December 2023

55

383

46,498

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Sundry debtors

20,136

9,088

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

14,000

Trade creditors

11,508

6,881

Taxation and social security

32,049

30,653

Other creditors

17,430

20,811

74,987

72,345

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

5,733

19,733

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

Within one year

43,200

Between one and five years

158,100

201,300

In more than five years

90,000

291,300

334,500

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

£1

100

11.	RELATED PARTY DISCLOSURES

Other creditors include a loan from the directors of £150 (2023 : £1,118).