REGISTERED NUMBER: 04784866 (England and Wales)

BASSETT & RYDER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M D Ryder

Mr M H Ryder

Mr L Ryder

SECRETARY:

Mrs A Ryder

REGISTERED OFFICE:

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

REGISTERED NUMBER:

04784866 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

FIXED ASSETS

Tangible assets

5

143,056

136,315

CURRENT ASSETS

Stocks

6

9,926

9,275

Debtors

7

834,237

706,676

Cash at bank

735,723

636,311

1,579,886

1,352,262

CREDITORS

Amounts falling due within one year

8

534,011

366,459

NET CURRENT ASSETS

1,045,875

985,803

TOTAL ASSETS LESS CURRENT LIABILITIES

1,188,931

1,122,118

CREDITORS

Amounts falling due after more than one year

9

(26,848

)

(10,224

)

PROVISIONS FOR LIABILITIES

(30,198

)

(29,176

)

NET ASSETS

1,131,885

1,082,718

CAPITAL AND RESERVES

Called up share capital

11

302

302

Retained earnings

1,131,583

1,082,416

SHAREHOLDERS' FUNDS

1,131,885

1,082,718

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

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

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 21 April 2026 and were signed on its behalf by:

Mr M D Ryder - Director

1.	STATUTORY INFORMATION

Bassett & Ryder 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The company makes estimates and assumptions concerning the future . The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have the greatest level of uncertainty are addressed below:

(i) Stock provisioning

When calculating the stock provision, management considers the nature and condition of the inventory as well as applying assumptions around anticipated saleability of work in progress and future usage of raw materials .

(ii) Amounts recoverable on contracts

The company calculates any income on its contracts that has not been invoiced at the end of the financial year and makes a provision for this amount.

Turnover

Turnover represents the value excluding Value Added Tax of plastering services provided to customers during the year. In respect of plastering services provided, all income is taken to income statement at the same point as the right to receive consideration has been acquired.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on reducing balance

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.

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.

Financial instruments

Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Debtors & creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price .Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 income statement over the relevant period. The capital element of the future payments is treated as a liability.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

9,209

15,672

241,812

13,876

280,569

Additions

-

420

88,657

-

89,077

Disposals

-

-

(65,248

)

-

(65,248

)

At 31 July 2025

9,209

16,092

265,221

13,876

304,398

DEPRECIATION

At 1 August 2024

6,257

9,884

115,437

12,676

144,254

Charge for year

443

934

44,827

403

46,607

Eliminated on disposal

-

-

(29,519

)

-

(29,519

)

At 31 July 2025

6,700

10,818

130,745

13,079

161,342

NET BOOK VALUE

At 31 July 2025

2,509

5,274

134,476

797

143,056

At 31 July 2024

2,952

5,788

126,375

1,200

136,315

6.

STOCKS

2025

2024

£

£

Stocks

9,926

9,275

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

663,793

577,251

Amounts recoverable on contract

42,532

38,677

Other debtors

27,539

-

VAT

93,690

84,871

Prepayments and accrued income

6,683

5,877

834,237

706,676

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

13,558

12,474

Trade creditors

323,229

168,056

Corporation tax

96,052

75,844

Social security and other taxes

27,577

28,439

Other creditors

-

14,738

Directors' current accounts

30,817

28,256

Accruals and deferred income

42,778

38,652

534,011

366,459

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

26,848

10,224

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

13,558

12,474

Between one and five years

26,848

10,224

40,406

22,698

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

2

Ordinary C

£1

2

2

302

302

12.	RELATED PARTY DISCLOSURES

Key management personnel remuneration in the year totalled £83,472 (2024: £81,488).