Company Registration No. 09650196 (England and Wales)
RUTIG LTD
Unaudited accounts
for the year ended 31 March 2023
RUTIG LTD
Unaudited accounts
Contents
RUTIG LTD
Company Information
for the year ended 31 March 2023
Company Number
09650196 (England and Wales)
Registered Office
1 RINGFORD ROAD
LONDON
SW18 1RP
ENGLAND
RUTIG LTD
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
4,968
6,760
Creditors: amounts falling due within one year
(84,025)
(35,121)
Net current liabilities
(30,045)
(16,461)
Net (liabilities)/assets
(30,045)
212
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
RUTIG LTD
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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
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
At 31 March 2022
6,273
10,400
16,673
Amounts falling due within one year
Other debtors
19,012
11,900
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
17,745
19,860
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).