Registered number
09163356
RUSGOLD FACADES LTD
Filleted Accounts
31 August 2022
RUSGOLD FACADES LTD
Registered number: 09163356
Balance Sheet
as at 31 August 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 40,967 17,837
Current assets
Debtors 4 521,397 79,067
Cash at bank and in hand 211,624 112,809
733,021 191,876
Creditors: amounts falling due within one year 5 (318,518) (110,357)
Net current assets 414,503 81,519
Total assets less current liabilities 455,470 99,356
Creditors: amounts falling due after more than one year 6 (101,193) (96,575)
Net assets 354,277 2,781
Capital and reserves
Called up share capital 100 100
Profit and loss account 354,177 2,681
Shareholder's funds 354,277 2,781
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ruslan Kislovskij
Director
Approved by the board on 13 September 2022
RUSGOLD FACADES LTD
Notes to the Accounts
for the year ended 31 August 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2021 9,863 21,040 30,903
Additions 6,328 28,000 34,328
At 31 August 2022 16,191 49,040 65,231
Depreciation
At 1 September 2021 5,111 7,955 13,066
Charge for the year 1,597 7,395 8,992
On disposals 2,206 - 2,206
At 31 August 2022 8,914 15,350 24,264
Net book value
At 31 August 2022 7,277 33,690 40,967
At 31 August 2021 4,752 13,085 17,837
4 Debtors 2022 2021
£ £
Trade debtors 438,371 -
Other debtors 83,026 79,067
521,397 79,067
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors - (1,579)
Taxation and social security costs 151,336 60,272
Other creditors 167,182 51,664
318,518 110,357
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 68,590 83,231
Obligations under finance lease and hire purchase contracts 32,603 13,344
101,193 96,575
7 Other information
RUSGOLD FACADES LTD is a private company limited by shares and incorporated in England. Its registered office is:
79 College Road
Harrow
HA1 1BD
RUSGOLD FACADES LTD 09163356 false 2021-09-01 2022-08-31 2022-08-31 VT Final Accounts April 2022 Ruslan Kislovskij No description of principal activity 09163356 2020-09-01 2021-08-31 09163356 core:WithinOneYear 2021-08-31 09163356 core:AfterOneYear 2021-08-31 09163356 core:ShareCapital 2021-08-31 09163356 core:RetainedEarningsAccumulatedLosses 2021-08-31 09163356 2021-09-01 2022-08-31 09163356 bus:PrivateLimitedCompanyLtd 2021-09-01 2022-08-31 09163356 bus:AuditExemptWithAccountantsReport 2021-09-01 2022-08-31 09163356 bus:Director40 2021-09-01 2022-08-31 09163356 1 2021-09-01 2022-08-31 09163356 2 2021-09-01 2022-08-31 09163356 core:PlantMachinery 2021-09-01 2022-08-31 09163356 core:Vehicles 2021-09-01 2022-08-31 09163356 countries:England 2021-09-01 2022-08-31 09163356 bus:FRS102 2021-09-01 2022-08-31 09163356 bus:FullAccounts 2021-09-01 2022-08-31 09163356 2022-08-31 09163356 core:WithinOneYear 2022-08-31 09163356 core:AfterOneYear 2022-08-31 09163356 core:ShareCapital 2022-08-31 09163356 core:RetainedEarningsAccumulatedLosses 2022-08-31 09163356 core:PlantMachinery 2022-08-31 09163356 core:Vehicles 2022-08-31 09163356 2021-08-31 09163356 core:PlantMachinery 2021-08-31 09163356 core:Vehicles 2021-08-31 iso4217:GBP xbrli:pure