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REGISTERED NUMBER: 00433511 (England and Wales)















Financial Statements for the Year Ended 30 November 2022

for

Rufus Carr Limited

Rufus Carr Limited (Registered number: 00433511)

Contents of the Financial Statements
for the Year Ended 30 November 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rufus Carr Limited

Company Information
for the Year Ended 30 November 2022







DIRECTORS: G M Harris
P C B Bryan
E R Smith
A Bryan





SECRETARY: G M Harris





REGISTERED OFFICE: Bawdlands Garage
Clitheroe
Lancashire
BB7 2LA





REGISTERED NUMBER: 00433511 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Rufus Carr Limited (Registered number: 00433511)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 362,362 377,169

CURRENT ASSETS
Stocks 1,781,267 1,453,238
Debtors 5 296,600 246,694
Cash at bank and in hand 161,011 76,696
2,238,878 1,776,628
CREDITORS
Amounts falling due within one year 6 514,353 528,435
NET CURRENT ASSETS 1,724,525 1,248,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,086,887

1,625,362

PROVISIONS FOR LIABILITIES 7 29,470 25,933
NET ASSETS 2,057,417 1,599,429

CAPITAL AND RESERVES
Called up share capital 8 3,170 3,170
Capital redemption reserve 550 550
Retained earnings 2,053,697 1,595,709
SHAREHOLDERS' FUNDS 2,057,417 1,599,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Rufus Carr Limited (Registered number: 00433511)

Balance Sheet - continued
30 November 2022


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 Board of Directors and authorised for issue on 13 September 2023 and were signed on its behalf by:




G M Harris - Director



P C B Bryan - Director


Rufus Carr Limited (Registered number: 00433511)

Notes to the Financial Statements
for the Year Ended 30 November 2022


1. STATUTORY INFORMATION

Rufus Carr Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Long leasehold - 4% on cost
Plant and machinery - 30% on cost and 10% on reducing balance
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Rufus Carr Limited (Registered number: 00433511)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2021 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long Plant and and
property leasehold machinery fittings Totals
£    £    £    £    £   
COST
At 1 December 2021 291,328 357,474 393,501 53,444 1,095,747
Additions - - 26,867 - 26,867
At 30 November 2022 291,328 357,474 420,368 53,444 1,122,614
DEPRECIATION
At 1 December 2021 238,088 162,372 275,105 43,013 718,578
Charge for year 11,652 14,300 14,678 1,044 41,674
At 30 November 2022 249,740 176,672 289,783 44,057 760,252
NET BOOK VALUE
At 30 November 2022 41,588 180,802 130,585 9,387 362,362
At 30 November 2021 53,240 195,102 118,396 10,431 377,169

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade debtors 89,717 126,781
Other debtors 40,657 35,636
Directors' current accounts 85,000 15,000
Tax 23,250 3,750
VAT - 16,210
Prepayments and accrued income 57,976 49,317
296,600 246,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade creditors 273,009 371,028
Corporation tax 120,126 69,577
Social security and other taxes 34,437 29,636
VAT 8,075 -
Other creditors 10,140 66
Accruals and deferred income 68,566 58,128
514,353 528,435

Rufus Carr Limited (Registered number: 00433511)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


7. PROVISIONS FOR LIABILITIES
30.11.22 30.11.21
£    £   
Deferred tax 29,470 25,933

Deferred
tax
£   
Balance at 1 December 2021 25,933
Provided during year 3,537
Balance at 30 November 2022 29,470

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.22 30.11.21
value: £    £   
3,170 Ordinary £1 3,170 3,170

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2022 and 30 November 2021:

30.11.22 30.11.21
£    £   
G M Harris
Balance outstanding at start of year 7,500 7,500
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,500 7,500

P C B Bryan
Balance outstanding at start of year 7,500 7,500
Amounts advanced 70,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,500 7,500

The above loans are interest free and have no set repayment date.