Ryan Air Conditioning Spares Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05517294 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

RYAN AIR CONDITIONING SPARES LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

Mr P Sheridan

Mrs E A Sheridan

SECRETARY:

Mrs E A Sheridan

REGISTERED OFFICE:

Unit 15 Irlam Wharf Business Park

Irlam Wharf Road

Irlam

Manchester

M44 5PN

REGISTERED NUMBER:

05517294 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

BANKERS:

NatWest Bank plc

Third Avenue

Trafford Park

Manchester

Lancashire

M17 1AY

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the supply of air conditioning units, components and insulation products.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 April 2025 to the date of this report.

The beneficial interests of the directors holding office at 31 March 2026 in the shares of the company, according to the register of directors' interests, were as follows:

31.3.26

1.4.25

Ordinary shares of £1 each

Mr P Sheridan

1

Mrs E A Sheridan

1

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs E A Sheridan - Director

26 August 2026

FIXED ASSETS

Intangible assets

4

31,307

28,502

Tangible assets

5

726,581

743,192

757,888

771,694

CURRENT ASSETS

Stocks

207,422

263,577

Debtors

6

294,837

299,226

Cash at bank and in hand

192,120

95,106

694,379

657,909

CREDITORS

Amounts falling due within one year

7

(434,400

)

(438,642

)

NET CURRENT ASSETS

259,979

219,267

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,017,867

990,961

CREDITORS

Amounts falling due after more than one
year

8

(279,779

)

(135,306

)

PROVISIONS FOR LIABILITIES

(14,694

)

(15,897

)

NET ASSETS

723,394

839,758

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

723,392

839,756

SHAREHOLDERS' FUNDS

723,394

839,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 26 August 2026 and were signed on its behalf by:

Mr P Sheridan - Director

1.	STATUTORY INFORMATION

Ryan Air Conditioning Spares 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.

Website

Website additions are being amortised evenly over its estimated life of five years.

Tangible fixed assets

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

Freehold property

-

in accordance with the property

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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 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

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 11 (2025 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1 April 2025

62,000

Additions

8,954

At 31 March 2026

70,954

AMORTISATION

At 1 April 2025

33,498

Amortisation for year

6,149

At 31 March 2026

39,647

NET BOOK VALUE

At 31 March 2026

31,307

At 31 March 2025

28,502

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

COST

At 1 April 2025

748,315

218,592

11,495

978,402

Additions

-

5,382

-

5,382

At 31 March 2026

748,315

223,974

11,495

983,784

DEPRECIATION

At 1 April 2025

60,288

170,971

3,951

235,210

Charge for year

7,483

12,624

1,886

21,993

At 31 March 2026

67,771

183,595

5,837

257,203

NET BOOK VALUE

At 31 March 2026

680,544

40,379

5,658

726,581

At 31 March 2025

688,027

47,621

7,544

743,192

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

118,171

125,266

Other debtors

176,666

173,960

294,837

299,226

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

43,102

69,704

Trade creditors

342,679

313,097

Taxation and social security

31,747

45,379

Other creditors

16,872

10,462

434,400

438,642

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans

279,779

135,306

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

193,816

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

298,903

171,631

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

Mr P Sheridan

Balance outstanding at start of year

-

Amounts advanced

1,988

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,988

-

11.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the year.