Ruthin Decor Limited 06622939 false 2023-04-27 2024-01-31 2024-01-31 The principal activity of the company is retail DIY store. The company ceased trading on 26th April 2023. Digita Accounts Production Advanced 6.30.9574.0 true true true 06622939 2023-04-27 2024-01-31 06622939 2024-01-31 06622939 bus:Director2 1 2024-01-31 06622939 bus:Director3 1 2024-01-31 06622939 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-01-31 06622939 core:CurrentFinancialInstruments 2024-01-31 06622939 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 06622939 core:FurnitureFittings 2024-01-31 06622939 core:MotorVehicles 2024-01-31 06622939 core:OfficeEquipment 2024-01-31 06622939 core:PlantMachinery 2024-01-31 06622939 bus:SmallEntities 2023-04-27 2024-01-31 06622939 bus:AuditExemptWithAccountantsReport 2023-04-27 2024-01-31 06622939 bus:FullAccounts 2023-04-27 2024-01-31 06622939 bus:SmallCompaniesRegimeForAccounts 2023-04-27 2024-01-31 06622939 bus:RegisteredOffice 2023-04-27 2024-01-31 06622939 bus:Director1 2023-04-27 2024-01-31 06622939 bus:Director2 2023-04-27 2024-01-31 06622939 bus:Director2 1 2023-04-27 2024-01-31 06622939 bus:Director3 2023-04-27 2024-01-31 06622939 bus:Director3 1 2023-04-27 2024-01-31 06622939 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-27 2024-01-31 06622939 bus:PrivateLimitedCompanyLtd 2023-04-27 2024-01-31 06622939 core:FurnitureFittings 2023-04-27 2024-01-31 06622939 core:MotorVehicles 2023-04-27 2024-01-31 06622939 core:OfficeEquipment 2023-04-27 2024-01-31 06622939 core:PlantMachinery 2023-04-27 2024-01-31 06622939 core:ParentEntities 2023-04-27 2024-01-31 06622939 1 2023-04-27 2024-01-31 06622939 countries:AllCountries 2023-04-27 2024-01-31 06622939 2023-04-26 06622939 bus:Director2 1 2023-04-26 06622939 bus:Director3 1 2023-04-26 06622939 core:FurnitureFittings 2023-04-26 06622939 core:MotorVehicles 2023-04-26 06622939 core:OfficeEquipment 2023-04-26 06622939 core:PlantMachinery 2023-04-26 06622939 2022-01-01 2023-04-26 06622939 2023-04-26 06622939 bus:Director2 1 2023-04-26 06622939 bus:Director3 1 2023-04-26 06622939 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-26 06622939 core:CurrentFinancialInstruments 2023-04-26 06622939 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-26 06622939 core:FurnitureFittings 2023-04-26 06622939 core:MotorVehicles 2023-04-26 06622939 core:OfficeEquipment 2023-04-26 06622939 core:PlantMachinery 2023-04-26 06622939 bus:Director2 1 2022-01-01 2023-04-26 06622939 bus:Director3 1 2022-01-01 2023-04-26 06622939 bus:Director2 1 2021-12-31 06622939 bus:Director3 1 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06622939

Ruthin Decor Limited

Unaudited Filleted Financial Statements

for the Period from 27 April 2023 to 31 January 2024

 

Ruthin Decor Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Ruthin Decor Limited

Company Information

Director

Mr D A Clarke

Registered office

14-16 Bridge Street
Neston
Cheshire
CH64 9UJ

Accountants

Phillip Bates and Co Limited
1 - 3 Chester Road
Neston
Cheshire
CH64 9PA

 

Ruthin Decor Limited

(Registration number: 06622939)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

17,450

Current assets

 

Stocks

5

-

138,704

Debtors

6

2

23,424

Cash at bank and in hand

 

-

167,135

 

2

329,263

Creditors: Amounts falling due within one year

7

-

(104,564)

Net current assets

 

2

224,699

Total assets less current liabilities

 

2

242,149

Provisions for liabilities

-

(3,316)

Net assets

 

2

238,833

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

-

238,831

Shareholders' funds

 

2

238,833

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 February 2024
 

.........................................
Mr D A Clarke
Director

 

Ruthin Decor Limited

Notes to the Unaudited Financial Statements for the Period from 27 April 2023 to 31 January 2024

1

General information

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

The address of its registered office is:
14-16 Bridge Street
Neston
Cheshire
CH64 9UJ
England

These financial statements were authorised for issue by the director on 8 February 2024.

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.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ruthin Decor Limited

Notes to the Unaudited Financial Statements for the Period from 27 April 2023 to 31 January 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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

Plant and Machinery

20% reducing balance

Fixtures and fittings

20% reducing balance

Motor vehicles

20% reducing balance

Office equipment

20% 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Ruthin Decor Limited

Notes to the Unaudited Financial Statements for the Period from 27 April 2023 to 31 January 2024

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 6).

 

Ruthin Decor Limited

Notes to the Unaudited Financial Statements for the Period from 27 April 2023 to 31 January 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 27 April 2023

23,639

19,111

29,990

12,140

84,880

Disposals

(23,639)

(19,111)

(29,990)

(12,140)

(84,880)

At 31 January 2024

-

-

-

-

-

Depreciation

At 27 April 2023

20,533

11,109

23,648

12,140

67,430

Eliminated on disposal

(20,533)

(11,109)

(23,648)

(12,140)

(67,430)

At 31 January 2024

-

-

-

-

-

Carrying amount

At 31 January 2024

-

-

-

-

-

At 26 April 2023

3,106

8,002

6,342

-

17,450

 

Ruthin Decor Limited

Notes to the Unaudited Financial Statements for the Period from 27 April 2023 to 31 January 2024

5

Stocks

2024
£

2023
£

Other inventories

-

138,704

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

5,702

Prepayments

-

12,912

Other debtors

2

4,810

 

2

23,424

 

Ruthin Decor Limited

Notes to the Unaudited Financial Statements for the Period from 27 April 2023 to 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

76,415

Taxation and social security

-

23,401

Accruals and deferred income

-

4,424

Other creditors

-

324

-

104,564

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary £1 shares of £1 each

2

2

2

2

         

9

Related party transactions

Transactions with the director

2024

At 27 April 2023
£

Repayments by director
£

At 31 January 2024
£

Mr Nicholas Ivor Birch

3,633

(3,633)

-

       
     

Ms Maureen Young

1,149

(1,149)

-

       
     

 

2023

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 26 April 2023
£

Mr Nicholas Ivor Birch

(258,901)

268,635

(6,101)

3,633

         
       

Ms Maureen Young

(6,809)

24,092

(16,134)

1,149

         
       

 

Ruthin Decor Limited

Notes to the Unaudited Financial Statements for the Period from 27 April 2023 to 31 January 2024

 

Summary of transactions with parent

Rightway Limited

The trade and assets of the company were hived up into the parent company on 27th April 2023.

 

10

Parent and ultimate parent undertaking

The company's immediate parent is Rightway Limited, incorporated in England & Wales.