REGISTERED NUMBER: 04909043 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Ryeford Specialist Services Limited

Page

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

N T Dangerfield

Mrs L J Dangerfield

SECRETARY:

N T Dangerfield

REGISTERED OFFICE:

701 Stonehouse Park

Sperry Way

Stonehouse

Gloucestershire

GL10 3UT

REGISTERED NUMBER:

04909043 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales & West Limited

701 Stonehouse Park

Sperry Way

Stonehouse

Gloucestershire

GL10 3UT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Xeinadin South Wales & West Limited

5 September 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

83,467

93,565

Investments

6

100

100

83,567

93,665

CURRENT ASSETS

Stocks

880,034

1,141,687

Debtors

7

845,430

938,033

Cash at bank and in hand

732,969

213,201

2,458,433

2,292,921

CREDITORS

Amounts falling due within one year

8

351,938

151,989

NET CURRENT ASSETS

2,106,495

2,140,932

TOTAL ASSETS LESS CURRENT LIABILITIES

2,190,062

2,234,597

PROVISIONS FOR LIABILITIES

9,677

10,441

NET ASSETS

2,180,385

2,224,156

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings-

distributable

2,179,385

2,223,156

SHAREHOLDERS' FUNDS

2,180,385

2,224,156

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 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 5 September 2025 and were signed on its behalf by:

N T Dangerfield - Director

1.	STATUTORY INFORMATION

Ryeford Specialist Services 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 sale of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has now been fully amortised.

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.

Tangible fixed assets

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

Improvements to property

-

15% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Stocks

Work in progress of development properties is stated at the lower of cost and net realisable value which have been removed from the profit and loss until the goods are complete, ensuring that revenue and costs are recognised in the same period.

Work in progress is recognised in respect of ongoing projects where goods or services have been delivered but not yet invoiced. Work in progress is measured at the anticipated recoverable value, based on the stage of completion, and agreed contractual terms.

Where applicable, work in progress is calculated using a mark-up on cost basis, reflecting the expected margin on direct costs incurred to date, otherwise it is stated at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 10 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

60,000

AMORTISATION

At 1 January 2024

and 31 December 2024

60,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

115,754

284,213

2,000

Additions

-

10,599

215

Disposals

-

(13,211

)

(2,000

)

At 31 December 2024

115,754

281,601

215

DEPRECIATION

At 1 January 2024

72,097

255,833

1,794

Charge for year

6,549

9,323

32

Eliminated on disposal

-

(11,523

)

(1,794

)

At 31 December 2024

78,646

253,633

32

NET BOOK VALUE

At 31 December 2024

37,108

27,968

183

At 31 December 2023

43,657

28,380

206

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

182,898

16,620

601,485

Additions

-

2,551

13,365

Disposals

-

(667

)

(15,878

)

At 31 December 2024

182,898

18,504

598,972

DEPRECIATION

At 1 January 2024

167,145

11,051

507,920

Charge for year

4,339

1,223

21,466

Eliminated on disposal

-

(564

)

(13,881

)

At 31 December 2024

171,484

11,710

515,505

NET BOOK VALUE

At 31 December 2024

11,414

6,794

83,467

At 31 December 2023

15,753

5,569

93,565

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

Fixed asset investments are measured using the cost model, adjusted for any impairment review made on an annual basis.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

63,903

127,843

Other debtors

741,880

799,074

VAT

28,662

-

Prepayments

10,985

11,116

845,430

938,033

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

313,237

57,864

Tax

13,720

3,040

Social security and other taxes

7,264

11,977

VAT

-

43,813

Other creditors

10,298

9,434

Directors' current accounts

267

18,784

Accrued expenses

7,152

7,077

351,938

151,989

9.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

86,000

-

Between one and five years

319,201

-

405,201

-