Ryans Business Advisors Limited - Accounts to registrar (filleted) - small 18.2

Ryans Business Advisors Limited - Accounts to registrar (filleted) - small 18.2

RYANS BUSINESS ADVISORS LIMITED - Company Information

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REGISTERED NUMBER: 05867784 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

RYANS BUSINESS ADVISORS LIMITED
RYANS BUSINESS ADVISORS LIMITED (REGISTERED NUMBER: 05867784)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RYANS BUSINESS ADVISORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DIRECTORS: M P Smith ACA FCCA
D R Pollitt ACA CTA



REGISTERED OFFICE: 67 Chorley Old Road
Bolton
BL1 3AJ



REGISTERED NUMBER: 05867784 (England and Wales)



ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ



BANKERS: Lloyds Bank plc
7 Manchester Road
Burnley
BB11 1HT
Page 1
RYANS BUSINESS ADVISORS LIMITED (REGISTERED NUMBER: 05867784)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 195,370 226,621
Tangible assets 4 34,146 27,481
229,516 254,102

CURRENT ASSETS
Debtors 532,729 522,938
Cash at bank and in hand 289,309 236,940
822,038 759,878
CREDITORS
Amounts falling due within one year 483,923 470,198
NET CURRENT ASSETS 338,115 289,680
TOTAL ASSETS LESS CURRENT
LIABILITIES
567,631
543,782

PROVISIONS FOR LIABILITIES 5,143 4,948
NET ASSETS 562,488 538,834

CAPITAL AND RESERVES
Called up share capital 5 600 600
Share premium 311,688 311,688
Retained earnings 250,200 226,546
SHAREHOLDERS' FUNDS 562,488 538,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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 notes form part of these financial statements

Page 2 continued...
RYANS BUSINESS ADVISORS LIMITED (REGISTERED NUMBER: 05867784)

ABRIDGED BALANCE SHEET - continued
31ST DECEMBER 2021


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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31st December 2021 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 1st April 2022 and were signed on its behalf by:




M P Smith ACA FCCA - Director



D R Pollitt ACA CTA - Director


The notes form part of these financial statements

Page 3
RYANS BUSINESS ADVISORS LIMITED (REGISTERED NUMBER: 05867784)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021

1. 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.

Turnover represents the fair value of the consideration receivable in respect of services provided during the year, excluding value added tax.

Unbilled turnover is included in debtors as "Amounts recoverable on contracts"

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Page 4 continued...
RYANS BUSINESS ADVISORS LIMITED (REGISTERED NUMBER: 05867784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2020 - 20 ) .

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2021
and 31st December 2021 521,910
AMORTISATION
At 1st January 2021 295,289
Amortisation for year 31,251
At 31st December 2021 326,540
NET BOOK VALUE

At 31st December 2021 195,370
At 31st December 2020 226,621

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2021 45,131
Additions 21,819
Disposals (666 )
At 31st December 2021 66,284
DEPRECIATION
At 1st January 2021 17,650
Charge for year 14,946
Eliminated on disposal (458 )
At 31st December 2021 32,138
NET BOOK VALUE
At 31st December 2021 34,146
At 31st December 2020 27,481

Page 5 continued...
RYANS BUSINESS ADVISORS LIMITED (REGISTERED NUMBER: 05867784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
300 Ordinary £1 300 300
300 A Ordinary £1 300 300
600 600

6. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who have a beneficial interest in all of the issued share capital.

Page 6