Rushby Exec Ltd Filleted Accounts Cover
Rushby Exec Ltd
Company No. 11665503
Information for Filing with The Registrar
For the year ended
30 November 2023
Rushby Exec Ltd Balance Sheet Registrar
at
30 November 2023
Company No.
11665503
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
401738
401738
Current assets
Debtors
5
59452,776
Cash at bank and in hand
51,73624,491
52,33077,267
Creditors: Amount falling due within one year
6
(13,498)
(27,719)
Net current assets
38,83249,548
Total assets less current liabilities
39,23350,286
Provisions for liabilities
Deferred taxation
(76)
(140)
Net assets
39,15750,146
Capital and reserves
Called up share capital
8
1010
Profit and loss account
9
39,14750,136
Total equity
39,15750,146
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 13 February 2024 and signed on its behalf by:
D.G. Rushby
Director
13 February 2024
Rushby Exec Ltd Notes to the Accounts Registrar
for the year ended 30 November 2023
1
General information
Rushby Exec Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11665503
Its registered office is:
30 Wharf Hill
Winchester
Hampshire
SO23 9NQ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover comprises of Revenue recognised by the company in respect of services provided during the
year, adjusted for deferred income, exclusive of value added tax. Revenue is recognised in the month in which the right to consideration arises.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the shareholders at the Annual General Meeting.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Interest Income
The Interest income in the year in recognised in the Profit & Loss Account using the effective interest
method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 December 2022
2,4222,422
At 30 November 2023
2,4222,422
Depreciation
At 1 December 2022
1,6841,684
Charge for the year
337337
At 30 November 2023
2,0212,021
Net book values
At 30 November 2023
401401
At 30 November 2022
738
738
5
Debtors
2023
2022
£
£
Trade debtors
-52,200
Loans to directors
420408
Prepayments and accrued income
174168
59452,776
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
13,498
27,719
13,49827,719
7
Pensions
The company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £32,000 (2022 - £169,250) in the year. No contributions were payable at the balance sheet date.
8
Share Capital
Share capital includes following:
2023
2022
£
£
10 ordinary shares of £1 each
10
10
10
10
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Related party transactions
During the year advances totalling £420 were made to the directors. Repayments of £408 were made. The total amount owed to the company at the balance sheet date was £420 (2022: £408).
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