RUGGERKIDZ LIMITED 08227938 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is childrens activities Digita Accounts Production Advanced 6.30.9574.0 true true 08227938 2022-02-01 2023-01-31 08227938 2023-01-31 08227938 bus:OrdinaryShareClass1 2023-01-31 08227938 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 08227938 core:Non-currentFinancialInstruments 2023-01-31 08227938 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 08227938 core:FurnitureFittingsToolsEquipment 2023-01-31 08227938 bus:SmallEntities 2022-02-01 2023-01-31 08227938 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 08227938 bus:FullAccounts 2022-02-01 2023-01-31 08227938 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 08227938 bus:RegisteredOffice 2022-02-01 2023-01-31 08227938 bus:CompanySecretaryDirector2 2022-02-01 2023-01-31 08227938 bus:Director1 2022-02-01 2023-01-31 08227938 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 08227938 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08227938 bus:Agent1 2022-02-01 2023-01-31 08227938 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 08227938 countries:AllCountries 2022-02-01 2023-01-31 08227938 2022-01-31 08227938 core:FurnitureFittingsToolsEquipment 2022-01-31 08227938 2021-02-01 2022-01-31 08227938 2022-01-31 08227938 bus:OrdinaryShareClass1 2022-01-31 08227938 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 08227938 core:Non-currentFinancialInstruments 2022-01-31 08227938 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 08227938 core:FurnitureFittingsToolsEquipment 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08227938

RUGGERKIDZ LIMITED

trading as SCHOOLZOUT

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

RUGGERKIDZ LIMITED

trading as SCHOOLZOUT

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

RUGGERKIDZ LIMITED

trading as SCHOOLZOUT

Company Information

Directors

MR ANDREW PEASEY

MRS TARA PEASEY

Company secretary

MRS TARA PEASEY

Registered office

12 LITTLE HEATH
HATFIELD HEATH
CM22 7EP

Bankers

BARCLAYS
NORTH STREET
BISHOPS STORTFORD
CM23 2LH

Accountants

Jacques and Associates Ltd ICPA

64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

 

RUGGERKIDZ LIMITED

trading as SCHOOLZOUT

(Registration number: 08227938)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,132

4,176

Current assets

 

Stocks

5

985

2,350

Cash at bank and in hand

 

792

3,404

 

1,777

5,754

Creditors: Amounts falling due within one year

6

(26,645)

(23,734)

Net current liabilities

 

(24,868)

(17,980)

Total assets less current liabilities

 

(21,736)

(13,804)

Creditors: Amounts falling due after more than one year

6

(3,954)

(4,589)

Net liabilities

 

(25,690)

(18,393)

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(25,692)

(18,395)

Shareholders' deficit

 

(25,690)

(18,393)

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 October 2023 and signed on its behalf by:
 

 

RUGGERKIDZ LIMITED

trading as SCHOOLZOUT

(Registration number: 08227938)
Balance Sheet as at 31 January 2023

.........................................
MR ANDREW PEASEY
Director

.........................................
MRS TARA PEASEY
Company secretary and director

 

RUGGERKIDZ LIMITED

trading as SCHOOLZOUT

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
12 LITTLE HEATH
HATFIELD HEATH
CM22 7EP

These financial statements were authorised for issue by the Board on 25 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

RUGGERKIDZ LIMITED

trading as SCHOOLZOUT

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

RUGGERKIDZ LIMITED

trading as SCHOOLZOUT

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

RUGGERKIDZ LIMITED

trading as SCHOOLZOUT

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

8,502

8,502

At 31 January 2023

8,502

8,502

Depreciation

At 1 February 2022

4,326

4,326

Charge for the year

1,044

1,044

At 31 January 2023

5,370

5,370

Carrying amount

At 31 January 2023

3,132

3,132

At 31 January 2022

4,176

4,176

5

Stocks

2023
£

2022
£

Other inventories

985

2,350

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

748

730

Other creditors

25,897

23,004

26,645

23,734

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

3,954

4,589

 

RUGGERKIDZ LIMITED

trading as SCHOOLZOUT

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

3,954

4,589