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REGISTERED NUMBER: 03531853 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

RUCOLA LIMITED

RUCOLA LIMITED (REGISTERED NUMBER: 03531853)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUCOLA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: Mr N La Verghetta
Mr A Savino





SECRETARY: Commercial Secretariat Limited





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 03531853 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

RUCOLA LIMITED (REGISTERED NUMBER: 03531853)

BALANCE SHEET
31ST AUGUST 2023

31.8.23 31.8.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - 6,000
Tangible assets 5 4,117 4,686
4,117 10,686

CURRENT ASSETS
Stocks 8,650 9,450
Debtors 6 22,547 50,899
Cash at bank and in hand 58,009 57,953
89,206 118,302
CREDITORS
Amounts falling due within one year 7 63,608 75,712
NET CURRENT ASSETS 25,598 42,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,715

53,276

CREDITORS
Amounts falling due after more than one
year

8

19,070

29,020
NET ASSETS 10,645 24,256

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 9,745 23,356
SHAREHOLDERS' FUNDS 10,645 24,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RUCOLA LIMITED (REGISTERED NUMBER: 03531853)

BALANCE SHEET - continued
31ST AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th April 2024 and were signed on its behalf by:





Mr N La Verghetta - Director


RUCOLA LIMITED (REGISTERED NUMBER: 03531853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Rucola Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have prepared forecasts which indicate that the company will generate sufficient profits to meet it's future working capital requirements. For this reason the financial statements have been prepared on a going concern basis. Accordingly, the financial statements do not include any adjustments that would result from the withdrawal of the loan facility.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid for two businesses, one in 1998 and the other in 2003, is being written off evenly over their useful estimated life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost, 15% on cost and Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

RUCOLA LIMITED (REGISTERED NUMBER: 03531853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1st September 2022
and 31st August 2023 120,000
AMORTISATION
At 1st September 2022 114,000
Charge for year 6,000
At 31st August 2023 120,000
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 6,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st September 2022 71,867
Additions 1,391
Disposals (7,555 )
At 31st August 2023 65,703
DEPRECIATION
At 1st September 2022 67,181
Charge for year 1,842
Eliminated on disposal (7,437 )
At 31st August 2023 61,586
NET BOOK VALUE
At 31st August 2023 4,117
At 31st August 2022 4,686

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Trade debtors 300 6,863
Other debtors 22,247 44,036
22,547 50,899

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Bank loans and overdrafts 10,034 9,808
Trade creditors 30,226 30,697
Taxation and social security 18,670 25,691
Other creditors 4,678 9,516
63,608 75,712

RUCOLA LIMITED (REGISTERED NUMBER: 03531853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£ £
Bank loans 19,070 29,020

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is £1,047 (2022: £30,500) due to the company by the directors. Interest of £547 (2022: £500) has been charged at the HMRC rate for beneficial loans.The loan was repaid within 9 months of the balance sheet date.