Reirse Ryan Limited 31/05/2023 iXBRL
Reirse Ryan Limited 31/05/2023 iXBRL
Company registration number:
02711539
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Holbeche House | ||
437 Shirley Road | ||
Acocks Green | ||
Birmingham | ||
B27 7NX | ||
Statement of financial position
31 May 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 December 2023
, and are signed on behalf of the board by:
Director
Notes to the financial statements
Year ended 31 May 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 58 Warwick Road, Solihull, West Midlands, B92 7JJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
10
(2022:
8
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5.
Tangible assets
Freehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 June 2022 and 31 May 2023 |
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Depreciation | ||||||
At 1 June 2022 | - |
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Charge for the year | - |
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At 31 May 2023 | - |
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Carrying amount | ||||||
At 31 May 2023 |
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At 31 May 2022 |
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6.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 1 June 2022 |
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Disposals |
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Fair value adjustment | (248,181) | (248,181) | |
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At 31 May 2023 |
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Impairment | |||
At 1 June 2022 and 31 May 2023 | - | - | |
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Carrying amount | |||
At 31 May 2023 |
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At 31 May 2022 |
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7.
Debtors
2023 | 2022 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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8.
Creditors: amounts falling due within one year
2023 | 2022 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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9.
Creditors: amounts falling due after more than one year
2023 | 2022 | |||
£ | £ | |||
Other creditors |
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10.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2023 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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2022 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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During the year the company paid £33,000 (2022-£32,400) to Mr Francis Ryan for rent of the company premises.