Registered number
09982712
Rudy Construction Company Ltd
Filleted Accounts
29 February 2024
Rudy Construction Company Ltd
Registered number: 09982712
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 47,645 55,797
Current assets
Cash at bank and in hand 178,474 128,000
Creditors: amounts falling due within one year 4 (128,291) (150,158)
Net current assets/(liabilities) 50,183 (22,158)
Net assets 97,828 33,639
Capital and reserves
Called up share capital 100 100
Profit and loss account 97,728 33,539
Shareholders' funds 97,828 33,639
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.
Mrs Rosangela Santos Hercheui
Director
Approved by the board on 14 March 2024
Rudy Construction Company Ltd
Notes to the Accounts
for the year ended 29 February 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 7,376 82,138 89,514
Additions 256 - 256
At 29 February 2024 7,632 82,138 89,770
Depreciation
At 1 March 2023 4,205 29,512 33,717
Charge for the year 513 7,895 8,408
At 29 February 2024 4,718 37,407 42,125
Net book value
At 29 February 2024 2,914 44,731 47,645
At 28 February 2023 3,171 52,626 55,797
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 3,665
Taxation and social security costs 43,904 12,486
Other creditors 84,387 134,007
128,291 150,158
5 Other information
Rudy Construction Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
35 Grafton Way
LONDON
W1T 5DB
Rudy Construction Company Ltd 09982712 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts October 2023 release 2 Mrs Rosangela Santos Hercheui No description of principal activity 09982712 2022-03-01 2023-02-28 09982712 core:WithinOneYear 2023-02-28 09982712 core:ShareCapital 2023-02-28 09982712 core:RetainedEarningsAccumulatedLosses 2023-02-28 09982712 2023-03-01 2024-02-29 09982712 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09982712 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09982712 bus:Director40 2023-03-01 2024-02-29 09982712 1 2023-03-01 2024-02-29 09982712 2 2023-03-01 2024-02-29 09982712 core:PlantMachinery 2023-03-01 2024-02-29 09982712 core:Vehicles 2023-03-01 2024-02-29 09982712 countries:England 2023-03-01 2024-02-29 09982712 bus:FRS102 2023-03-01 2024-02-29 09982712 bus:FullAccounts 2023-03-01 2024-02-29 09982712 2024-02-29 09982712 core:WithinOneYear 2024-02-29 09982712 core:ShareCapital 2024-02-29 09982712 core:RetainedEarningsAccumulatedLosses 2024-02-29 09982712 core:PlantMachinery 2024-02-29 09982712 core:Vehicles 2024-02-29 09982712 2023-02-28 09982712 core:PlantMachinery 2023-02-28 09982712 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure