General Information
RYAN SHUTTLEWOOD LTD is a private company, limited by shares, registered in , registration number 13163391, registration address 6 GRITTAR CLOSE, WIGSTON ENGLAND, LE18 1PL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Franchise Fees
Franchise Fees is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Franchise Fees of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
3 Straight Line
|
| Plant and Machinery |
25% Straight Line
|
| Motor Vehicles |
25% Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Intangible fixed assets
| Cost |
Franchise Fees |
|
Total |
| |
£ |
|
£ |
| At 01 February 2024 |
16,950 |
|
16,950 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 January 2025 |
16,950 |
|
16,950 |
| Amortisation |
| At 01 February 2024 |
5,014 |
|
5,014 |
| Charge for year |
1,695 |
|
1,695 |
| On disposals |
- |
|
- |
| At 31 January 2025 |
6,709 |
|
6,709 |
| Net book values |
| At 31 January 2025 |
10,241 |
|
10,241 |
| At 31 January 2024 |
11,936 |
|
11,936 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 February 2024 |
500 |
|
33,592 |
|
- |
|
34,092 |
| Additions |
- |
|
- |
|
370 |
|
370 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 January 2025 |
500 |
|
33,592 |
|
370 |
|
34,462 |
| Depreciation |
| At 01 February 2024 |
365 |
|
20,887 |
|
- |
|
21,252 |
| Charge for year |
125 |
|
4,235 |
|
21 |
|
4,381 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 January 2025 |
490 |
|
25,122 |
|
21 |
|
25,633 |
| Net book values |
| Closing balance as at 31 January 2025 |
10 |
|
8,470 |
|
349 |
|
8,829 |
| Opening balance as at 01 February 2024 |
135 |
|
12,705 |
|
- |
|
12,840 |
|
| 5. |
Other Comprehensive Income
|
2025
£ |
|
2024
£ |
| Motor Vehicles - Revaluations |
(1,160) |
|
(1,160) |
|
(1,160) |
|
(1,160) |
|
3
|