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Company Registration No. 05911528 (England and Wales)
Rusty Will Limited Unaudited accounts for the year ended 31 August 2023
Rusty Will Limited Unaudited accounts Contents
Page
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Rusty Will Limited Company Information for the year ended 31 August 2023
Directors
Russell Newnham William Downer
Company Number
05911528 (England and Wales)
Registered Office
31 Orchard Street Newport Isle of Wight PO30 1 JZ
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Rusty Will Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,500 
14,250 
Current assets
Inventories
153,803 
169,538 
Debtors
3,383 
1,964 
Cash at bank and in hand
93,956 
40,900 
251,142 
212,402 
Creditors: amounts falling due within one year
(45,091)
(44,130)
Net current assets
206,051 
168,272 
Total assets less current liabilities
215,551 
182,522 
Creditors: amounts falling due after more than one year
(31,667)
(41,667)
Net assets
183,884 
140,855 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
183,784 
140,755 
Shareholders' funds
183,884 
140,855 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
William Downer Director Company Registration No. 05911528
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Rusty Will Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Rusty Will Limited is a private company, limited by shares, registered in England and Wales, registration number 05911528. The registered office is 31 Orchard Street, Newport, Isle of Wight, PO30 1 JZ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
Straight Line 20%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
38,082 
At 31 August 2023
38,082 
Depreciation
At 1 September 2022
23,832 
Charge for the year
4,750 
At 31 August 2023
28,582 
Net book value
At 31 August 2023
9,500 
At 31 August 2022
14,250 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,383 
1,964 
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Rusty Will Limited Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
16,400 
7,605 
Trade creditors
9,726 
14,072 
Taxes and social security
12,145 
7,759 
Loans from directors
6,820 
14,694 
45,091 
44,130 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,667 
41,667 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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