Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-310true232022-09-01falseNo description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03447895 2022-09-01 2023-08-31 03447895 2021-09-01 2022-08-31 03447895 2023-08-31 03447895 2022-08-31 03447895 c:Director1 2022-09-01 2023-08-31 03447895 d:Buildings d:LongLeaseholdAssets 2022-09-01 2023-08-31 03447895 d:Buildings d:LongLeaseholdAssets 2023-08-31 03447895 d:Buildings d:LongLeaseholdAssets 2022-08-31 03447895 d:PlantMachinery 2022-09-01 2023-08-31 03447895 d:PlantMachinery 2023-08-31 03447895 d:PlantMachinery 2022-08-31 03447895 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03447895 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03447895 d:MotorVehicles 2022-09-01 2023-08-31 03447895 d:MotorVehicles 2023-08-31 03447895 d:MotorVehicles 2022-08-31 03447895 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03447895 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03447895 d:FurnitureFittings 2022-09-01 2023-08-31 03447895 d:FurnitureFittings 2023-08-31 03447895 d:FurnitureFittings 2022-08-31 03447895 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03447895 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03447895 d:ComputerEquipment 2022-09-01 2023-08-31 03447895 d:ComputerEquipment 2023-08-31 03447895 d:ComputerEquipment 2022-08-31 03447895 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03447895 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03447895 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03447895 d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 03447895 d:Goodwill 2023-08-31 03447895 d:Goodwill 2022-08-31 03447895 d:CurrentFinancialInstruments 2023-08-31 03447895 d:CurrentFinancialInstruments 2022-08-31 03447895 d:Non-currentFinancialInstruments 2023-08-31 03447895 d:Non-currentFinancialInstruments 2022-08-31 03447895 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03447895 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 03447895 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 03447895 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 03447895 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 03447895 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 03447895 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 03447895 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 03447895 d:ShareCapital 2023-08-31 03447895 d:ShareCapital 2022-08-31 03447895 d:RetainedEarningsAccumulatedLosses 2023-08-31 03447895 d:RetainedEarningsAccumulatedLosses 2022-08-31 03447895 c:FRS102 2022-09-01 2023-08-31 03447895 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 03447895 c:FullAccounts 2022-09-01 2023-08-31 03447895 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 03447895 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-31 03447895 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-08-31 03447895 d:LeasedAssetsHeldAsLessee 2023-08-31 03447895 d:LeasedAssetsHeldAsLessee 2022-08-31 iso4217:GBP xbrli:pure
Registered number: 03447895









R.U. LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023














 
R.U. LIMITED
REGISTERED NUMBER:03447895

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 5 
43,060
39,865

  
43,060
39,865

Current assets
  

Stocks
 6 
33,924
75,785

Debtors: amounts falling due within one year
 7 
62,632
67,338

Cash at bank and in hand
  
84,308
90,642

  
180,864
233,765

Creditors: amounts falling due within one year
 8 
(83,978)
(108,123)

Net current assets
  
 
 
96,886
 
 
125,642

Total assets less current liabilities
  
139,946
165,507

Creditors: amounts falling due after more than one year
 9 
(26,989)
(36,146)

  

Net assets
  
112,957
129,361


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
112,857
129,261

  
112,957
129,361


Page 1

 
R.U. LIMITED
REGISTERED NUMBER:03447895
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 January 2024.




R Reynolds
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
R.U. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

R.U. Limited is a private company, lilmited by shares, domicilied in England and Wales. The registered office is The Old Station, Station Road, Sidmouth, Devon, EX10 9DN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
R.U. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
R.U. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods..

Depreciation is provided on the following basis:

Long-term leasehold property
-
No depreciation
Plant and machinery
-
5 years straight - line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
5 years straight - line
Computer equipment
-
3 years straight - line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

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.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
Page 5

 
R.U. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)

third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.15

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 an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 6

 
R.U. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2022
250,000



At 31 August 2023

250,000



Amortisation


At 1 September 2022
250,000



At 31 August 2023

250,000



Net book value



At 31 August 2023
-



At 31 August 2022
-



Page 7

 
R.U. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 September 2022
22,179
52,329
51,947
35,750
1,084
163,289


Additions
-
-
20,500
-
-
20,500


Disposals
-
-
(17,461)
-
-
(17,461)



At 31 August 2023

22,179
52,329
54,986
35,750
1,084
166,328



Depreciation


At 1 September 2022
-
52,141
34,655
35,625
1,003
123,424


Charge for the year on owned assets
-
93
-
63
80
236


Charge for the year on financed assets
-
-
7,799
-
-
7,799


Disposals
-
-
(8,191)
-
-
(8,191)



At 31 August 2023

-
52,234
34,263
35,688
1,083
123,268



Net book value



At 31 August 2023
22,179
95
20,723
62
1
43,060



At 31 August 2022
22,179
188
17,292
125
81
39,865

Page 8

 
R.U. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

           5.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
20,723
17,291

20,723
17,291


6.


Stocks

2023
2022
£
£

Raw materials and consumables
33,924
75,785

33,924
75,785



7.


Debtors

2023
2022
£
£


Trade debtors
59,228
65,591

Other debtors
775
-

Prepayments and accrued income
2,629
1,747

62,632
67,338


Page 9

 
R.U. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,056
9,808

Trade creditors
47,487
65,731

Corporation tax
6,817
13,526

Other taxation and social security
11,957
10,504

Obligations under finance lease and hire purchase contracts
5,710
6,294

Other creditors
1,951
2,260

83,978
108,123


The following liabilities were secured:

2023
2022
£
£



Obligations under finance lease and hire purchase contracts
4,871
6,294

4,871
6,294

Details of security provided:

Finance leases and hire purchase contracts are secured on the vehicles leased and hired by the company.

Page 10

 
R.U. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,215
28,271

Net obligations under finance leases and hire purchase contracts
8,774
7,875

26,989
36,146


The following liabilities were secured:

2023
2022
£
£



Net obligations under finance leases and hire purchase contracts
9,604
7,875

9,604
7,875

Details of security provided:

Finance leases and hire purchase contracts are secured on the vehicles leased and hired by the company.

Page 11

 
R.U. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,056
9,808


10,056
9,808

Amounts falling due 1-2 years

Bank loans
10,311
10,056


10,311
10,056

Amounts falling due 2-5 years

Bank loans
7,904
18,215


7,904
18,215


28,271
38,079



11.


Pension commitments

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 contribution payable by the company to the fund and amounted to £2,116 (2022 - £1,924). Contribution totaling £353 (2022 - £321) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 12