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REGISTERED NUMBER: 07594556 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Rutland Trading Co Limited

Rutland Trading Co Limited (Registered number: 07594556)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Balance Sheet 1

Notes to the Financial Statements 3


Rutland Trading Co Limited (Registered number: 07594556)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Intangible assets 4 112,265 147,701
Tangible assets 5 203,964 89,644
Investments 6 719,913 633,269
1,036,142 870,614

CURRENT ASSETS
Stocks 2,277,611 1,433,141
Debtors 7 2,353,496 1,711,379
Cash at bank 479,162 526,590
5,110,269 3,671,110
CREDITORS
Amounts falling due within one year 8 (1,094,966 ) (746,959 )
NET CURRENT ASSETS 4,015,303 2,924,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,051,445

3,794,765

CREDITORS
Amounts falling due after more than one
year

9

(693,224

)

(21,042

)

PROVISIONS FOR LIABILITIES (50,991 ) (17,032 )
NET ASSETS 4,307,230 3,756,691

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,307,130 3,756,591
4,307,230 3,756,691

Rutland Trading Co Limited (Registered number: 07594556)

Balance Sheet - continued
31 December 2021


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 May 2022 and were signed by:





Mr I Hughes - Director


Rutland Trading Co Limited (Registered number: 07594556)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Rutland Trading Co Limited is a private company, limited by shares, registered in England and Wales, registration number 07594556. The registered office is Whittington Way, Chesterfield, Derbyshire, S41 9AG.

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 represents net invoiced sales of goods and services in respect of door closers, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

Rutland Trading Co Limited (Registered number: 07594556)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2020 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 380,000
AMORTISATION
At 1 January 2021 232,299
Charge for year 35,436
At 31 December 2021 267,735
NET BOOK VALUE
At 31 December 2021 112,265
At 31 December 2020 147,701

Rutland Trading Co Limited (Registered number: 07594556)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 195,057
Additions 166,112
At 31 December 2021 361,169
DEPRECIATION
At 1 January 2021 105,413
Charge for year 51,792
At 31 December 2021 157,205
NET BOOK VALUE
At 31 December 2021 203,964
At 31 December 2020 89,644

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2021 89,913
Additions 133,502
At 31 December 2021 223,415
DEPRECIATION
At 1 January 2021 40,284
Charge for year 37,238
At 31 December 2021 77,522
NET BOOK VALUE
At 31 December 2021 145,893
At 31 December 2020 49,629

6. FIXED ASSET INVESTMENTS

31.12.21 31.12.20
£    £   
Loans to undertakings in which the company
has a participating interest

653,850

633,269
Other investments not loans 66,063 -
719,913 633,269

Rutland Trading Co Limited (Registered number: 07594556)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST
Additions 66,063
At 31 December 2021 66,063
NET BOOK VALUE
At 31 December 2021 66,063
Loans to
other
participating
interests
£   
At 1 January 2021 633,269
New in year 20,581
At 31 December 2021 653,850

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 1,667,461 1,130,134
Amounts owed by related parties 487,109 380,681
Other debtors 198,926 200,564
2,353,496 1,711,379

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 58,333 -
Finance leases 54,536 21,042
Trade creditors 533,890 178,083
Taxation and social security 173,278 340,253
Other creditors 274,929 207,581
1,094,966 746,959

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 641,667 -
Finance leases 51,557 21,042
693,224 21,042

Rutland Trading Co Limited (Registered number: 07594556)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.21 31.12.20
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 81,667 -

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Invoice Finance - (50,515 )
Finance lease 106,093 42,084
106,093 (8,431 )

The company's bank facilities are secured by way of fixed and floating charges over all property and undertakings of the company.

Finance leases are secured on the assets to which they relate

11. RELATED PARTY DISCLOSURES

Amount due from related parties: £487,109 (2020: £380,681)