REGISTERED NUMBER: 10906942 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

RYDA Building and Carpentry Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Davies

Miss R E Newman

REGISTERED OFFICE:

173 Cwmamman Road

Ammanford

Carmarthenshire

SA18 1EJ

REGISTERED NUMBER:

10906942 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Chartered Certified Accountants

Castle House

High Street

Ammanford

Carmarthenshire

SA18 2NB

FIXED ASSETS

Tangible assets

4

3,435

4,451

CURRENT ASSETS

Stocks

22,500

21,500

Debtors

20,984

15,507

Cash at bank

9,896

-

53,380

37,007

CREDITORS

Amounts falling due within one year

(47,764

)

(44,589

)

NET CURRENT ASSETS/(LIABILITIES)

5,616

(7,582

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,051

(3,131

)

CREDITORS

Amounts falling due after more than one year

(8,166

)

(12,401

)

PROVISIONS FOR LIABILITIES

(653

)

(846

)

NET ASSETS/(LIABILITIES)

232

(16,378

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

132

(16,478

)

232

(16,378

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 14th October 2025 and were signed on its behalf by:

D R Davies - Director

1.	STATUTORY INFORMATION

RYDA Building and Carpentry 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Motor vehicles

-

15% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

and 31st March 2025

9,657

DEPRECIATION

At 1st April 2024

5,206

Charge for year

1,016

At 31st March 2025

6,222

NET BOOK VALUE

At 31st March 2025

3,435

At 31st March 2024

4,451

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals

£

COST

At 1st April 2024

and 31st March 2025

6,995

DEPRECIATION

At 1st April 2024

and 31st March 2025

2,186

NET BOOK VALUE

At 31st March 2025

4,809

At 31st March 2024

4,809

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31st March 2025 and the period ended 31st March 2024:

31.3.25

31.3.24

£

£

D R Davies and Miss R E Newman

Balance outstanding at start of year

14,135

17,539

Amounts advanced

19,175

5,562

Amounts repaid

(14,433

)

(8,966

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,877

14,135