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Company Registration No. 09650196 (England and Wales)
RUTIG LTD Unaudited accounts for the year ended 31 March 2023
RUTIG LTD Unaudited accounts Contents
Page
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RUTIG LTD Company Information for the year ended 31 March 2023
Director
T M Boyle
Company Number
09650196 (England and Wales)
Registered Office
1 RINGFORD ROAD LONDON SW18 1RP ENGLAND
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RUTIG LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
16,673 
Current assets
Inventories
30,000 
- 
Debtors
19,012 
11,900 
Cash at bank and in hand
4,968 
6,760 
53,980 
18,660 
Creditors: amounts falling due within one year
(84,025)
(35,121)
Net current liabilities
(30,045)
(16,461)
Net (liabilities)/assets
(30,045)
212 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(30,245)
12 
Shareholders' funds
(30,045)
212 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 7 March 2024 and were signed on its behalf by
T M Boyle Director Company Registration No. 09650196
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RUTIG LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
RUTIG LTD is a private company, limited by shares, registered in England and Wales, registration number 09650196. The registered office is 1 RINGFORD ROAD, LONDON, SW18 1RP, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% on cost
Motor vehicles
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
Going concern
At the balance sheet date, the company's liabilities exceeded its assets by £30,045. The company continues to obtain profitable sales and the directors are confident of a return to solvency in the foreseeable future. In the circumstances, these financial statements have been prepared on a going concern basis.
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RUTIG LTD Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
25,093 
41,600 
66,693 
Disposals
- 
(5,800)
(5,800)
At 31 March 2023
25,093 
35,800 
60,893 
Depreciation
At 1 April 2022
18,820 
31,200 
50,020 
Charge for the year
6,273 
8,950 
15,223 
On disposals
- 
(4,350)
(4,350)
At 31 March 2023
25,093 
35,800 
60,893 
Net book value
At 31 March 2023
- 
- 
- 
At 31 March 2022
6,273 
10,400 
16,673 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
19,012 
11,900 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
65,530 
14,511 
Taxes and social security
17,745 
19,860 
Accruals
750 
750 
84,025 
35,121 
7
Transactions with related parties
Mr. T.Boyle is the director of the company and owns 50% of the issued share capital. At the balance sheet date, Mr. T Boyle owed the company £19,012 (2022 - £11,900)
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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