Registered number
07926651
Rutherford Law Services Limited
Filleted Accounts
31 January 2024
Rutherford Law Services Limited
Registered number: 07926651
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Investments held as current assets 3 850,188 759,208
Cash at bank and in hand 51,385 75,651
901,573 834,859
Creditors: amounts falling due within one year 4 (35,612) (19,230)
Net current assets 865,961 815,629
Net assets 865,961 815,629
Capital and reserves
Called up share capital 2 2
Profit and loss account 865,959 815,627
Shareholders' funds 865,961 815,629
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L M Rutherford
Director
Approved by the board on 8 April 2024
Rutherford Law Services Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Investments
Listed investments are measured at fair value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 850,188 759,208
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments 40,980 (19,263)
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 90 62
Taxation and social security costs 33,876 18,308
Other creditors 1,646 860
35,612 19,230
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
L M Rutherford
Directors loan account 860 (95,000) 95,786 1,646
860 (95,000) 95,786 1,646
6 Other information
Rutherford Law Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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