Company Registration No. 10185786 (England and Wales)
Ruby Lane Limited
Amended unaudited accounts
for the year ended 31 May 2023
Ruby Lane Limited
Amended unaudited accounts
Contents
Ruby Lane Limited
Company Information
for the year ended 31 May 2023
Company Number
10185786 (England and Wales)
Registered Office
40 WESTMORLAND AVENUE
AYLESBURY
BUCKS
HP21 7HW
UNITED KINGDOM
Accountants
CS Scott Accounting LLP
Suite 1, Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF
Ruby Lane Limited
Statement of financial position
as at 31 May 2023
Intangible assets
-
12,000
Tangible assets
18,736
22,465
Cash at bank and in hand
123,626
120,405
Creditors: amounts falling due within one year
(78,802)
(71,923)
Net current assets
73,038
77,891
Total assets less current liabilities
91,774
112,356
Creditors: amounts falling due after more than one year
(42,748)
(82,748)
Called up share capital
100
100
Profit and loss account
48,926
29,508
Shareholders' funds
49,026
29,608
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2023 and were signed on its behalf by
Serena Jebb
Director
Company Registration No. 10185786
Ruby Lane Limited
Notes to the Accounts
for the year ended 31 May 2023
Ruby Lane Limited is a private company, limited by shares, registered in England and Wales, registration number 10185786. The registered office is 40 WESTMORLAND AVENUE, AYLESBURY, BUCKS, HP21 7HW, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
3 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ruby Lane Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Goodwill
Charge for the year
12,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2022
44,564
29,201
333
513
74,611
Additions
1,824
-
-
928
2,752
At 31 May 2023
46,388
29,201
333
1,441
77,363
At 1 June 2022
33,598
18,165
333
50
52,146
Charge for the year
3,507
2,759
-
215
6,481
At 31 May 2023
37,105
20,924
333
265
58,627
At 31 May 2023
9,283
8,277
-
1,176
18,736
At 31 May 2022
10,966
11,036
-
463
22,465
Amounts falling due within one year
Accrued income and prepayments
3,641
5,971
Ruby Lane Limited
Notes to the Accounts
for the year ended 31 May 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
850
-
Trade creditors
27,269
11,794
Taxes and social security
16,671
15,473
Other creditors
12,300
13,549
Loans from directors
(6)
(56)
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
42,748
82,748
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 22 (2022: 22).