Statutory Information
RYAN'S RETAIL LTD is a private limited company, limited by shares, domiciled in Northern Ireland, registration number NI642203, registration address 8 Glenbracken Drive, Feeny, Londonderry, BT47 4UE, Northern Ireland.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
|
| 2. |
Intangible fixed assets
| Cost or Valuation |
|
Goodwill |
|
Total |
| |
|
£ |
|
£ |
| At 01 April 2024 |
|
100,000 |
|
100,000 |
| Additions |
|
- |
|
- |
| At 31 March 2025 |
|
100,000 |
|
100,000 |
| Amortisation |
| At 01 April 2024 |
|
- |
|
- |
| Charge for year |
|
- |
|
- |
| At 31 March 2025 |
|
- |
|
- |
| Net book values |
| At 31 March 2025 |
|
100,000 |
|
100,000 |
| At 31 March 2024 |
|
100,000 |
|
100,000 |
|
| 3. |
Tangible fixed assets
| Cost or Valuation |
|
Plant and machinery |
|
Fixtures and fittings |
|
Total |
| |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
|
18,279 |
|
17,972 |
|
36,251 |
| Additions |
|
- |
|
- |
|
- |
| At 31 March 2025 |
|
18,279 |
|
17,972 |
|
36,251 |
| Depreciation |
| At 01 April 2024 |
|
3,656 |
|
2,696 |
|
6,352 |
| Charge for year |
|
2,925 |
|
2,291 |
|
5,216 |
| At 31 March 2025 |
|
6,581 |
|
4,987 |
|
11,568 |
| Net book values |
| Closing balance as at 31 March 2025 |
|
11,698 |
|
12,985 |
|
24,683 |
| Opening balance as at 01 April 2024 |
|
14,623 |
|
15,276 |
|
29,899 |
|
| 4. |
Inventories
|
2025
£ |
|
2024
£ |
| Finished goods |
30,000 |
|
28,000 |
|
30,000 |
|
28,000 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other debtors |
4,001 |
|
4,001 |
| VAT |
915 |
|
2,296 |
|
4,916 |
|
6,297 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade creditors |
36,794 |
|
36,794 |
| Accrued expenses |
9,306 |
|
10,986 |
| Pension Payable |
889 |
|
- |
| Wages & salaries control account |
(51) |
|
1,617 |
| Directors' current account |
82,289 |
|
81,820 |
| Social security & other tax |
278 |
|
899 |
|
129,505 |
|
132,116 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| HWL loan |
22,205 |
|
34,392 |
| Drawdown loan |
33,971 |
|
47,282 |
|
56,176 |
|
81,674 |
|
| 8. |
Profit and loss account
| |
2025
£ |
| Balance at 01 April 2024 |
(6,722) |
| Profit for the year |
496 |
| Balance at 31 March 2025 |
(6,226) |
|
| 9. |
Average number of employees
Average number of employees during the year were 16 (2024: 19).
|
2
|