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REGISTERED NUMBER: 04687565 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DAVID RUSHTON MACHINERY LTD

DAVID RUSHTON MACHINERY LTD (REGISTERED NUMBER: 04687565)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID RUSHTON MACHINERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr D V Rushton





REGISTERED OFFICE: The Olde Thatch
Stowe Lane
Stowe By Chartley
Stafford
Staffordshire
ST18 0NA





REGISTERED NUMBER: 04687565 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Limited (Uttoxeter Branch)
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH

DAVID RUSHTON MACHINERY LTD (REGISTERED NUMBER: 04687565)

BALANCE SHEET
31 MARCH 2023

31.3.22 31.3.23
£    £    Notes £    £   
FIXED ASSETS
281,551 Tangible assets 4 232,765

CURRENT ASSETS
137,536 Stocks 5 234,396
12,197 Debtors 6 66,614
103,603 Investments 7 195,417
382,112 Cash at bank and in hand 188,330
635,448 684,757
CREDITORS
94,406 Amounts falling due within one year 8 142,308
541,042 NET CURRENT ASSETS 542,449
822,593 TOTAL ASSETS LESS CURRENT
LIABILITIES

775,214

32,308 PROVISIONS FOR LIABILITIES 24,155
790,285 NET ASSETS 751,059

CAPITAL AND RESERVES
100 Called up share capital 9 100
22,135 Revaluation reserve 10 15,901
768,050 Retained earnings 735,058
790,285 SHAREHOLDERS' FUNDS 751,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

DAVID RUSHTON MACHINERY LTD (REGISTERED NUMBER: 04687565)

BALANCE SHEET - continued
31 MARCH 2023


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 15 November 2023 and were signed by:





Mr D V Rushton - Director


DAVID RUSHTON MACHINERY LTD (REGISTERED NUMBER: 04687565)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

David Rushton Machinery Ltd 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
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

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

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.

DAVID RUSHTON MACHINERY LTD (REGISTERED NUMBER: 04687565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
Totals property machinery
£    £    £   
COST
At 1 April 2022
and 31 March 2023 536,513 105,886 195,636
DEPRECIATION
At 1 April 2022 254,962 19,050 153,778
Charge for year 48,786 4,236 6,279
At 31 March 2023 303,748 23,286 160,057
NET BOOK VALUE
At 31 March 2023 232,765 82,600 35,579
At 31 March 2022 281,551 86,836 41,858

Fixtures
and Motor Computer
fittings vehicles equipment
£    £    £   
COST
At 1 April 2022
and 31 March 2023 2,106 227,478 5,407
DEPRECIATION
At 1 April 2022 1,506 76,213 4,415
Charge for year 90 37,816 365
At 31 March 2023 1,596 114,029 4,780
NET BOOK VALUE
At 31 March 2023 510 113,449 627
At 31 March 2022 600 151,265 992

5. STOCKS
31.3.23 31.3.22
£    £   
Raw materials 10,000 10,000
Finished goods 224,396 127,536
234,396 137,536

DAVID RUSHTON MACHINERY LTD (REGISTERED NUMBER: 04687565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 58,166 7,212
VAT 3,083 -
Prepayments 5,365 4,985
66,614 12,197

7. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Listed investments 195,417 103,603

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Payments on account 4,861 -
Trade creditors 112,078 83,875
Tax 4,369 3,900
Social security and other taxes 578 -
VAT - 4,451
Directors' current accounts 18,699 555
Accrued expenses 1,723 1,625
142,308 94,406

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022 22,135
Revaluation (6,234 )

At 31 March 2023 15,901