Acorah Software Products - Accounts Production 15.0.400 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 03552343 Mr H D Carr Smith Mrs C L Laurens Mrs J Carr-Smith Mr R Carr-Smith Mrs J Carr Smith Ruckleigh Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03552343 2022-07-31 03552343 2023-07-31 03552343 2022-08-01 2023-07-31 03552343 frs-core:ComputerEquipment 2022-08-01 2023-07-31 03552343 frs-core:FurnitureFittings 2022-08-01 2023-07-31 03552343 frs-core:MotorVehicles 2022-08-01 2023-07-31 03552343 frs-core:PlantMachinery 2022-08-01 2023-07-31 03552343 frs-core:ShareCapital 2023-07-31 03552343 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 03552343 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03552343 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 03552343 frs-bus:SmallEntities 2022-08-01 2023-07-31 03552343 frs-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 03552343 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 03552343 frs-bus:OrdinaryShareClass2 2022-08-01 2023-07-31 03552343 frs-bus:OrdinaryShareClass2 2023-07-31 03552343 1 2022-08-01 2023-07-31 03552343 frs-bus:Director1 2022-08-01 2023-07-31 03552343 frs-bus:Director2 2022-08-01 2023-07-31 03552343 frs-bus:Director3 2022-08-01 2023-07-31 03552343 frs-bus:Director4 2022-08-01 2023-07-31 03552343 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 03552343 frs-countries:EnglandWales 2022-08-01 2023-07-31 03552343 2021-07-31 03552343 2022-07-31 03552343 2021-08-01 2022-07-31 03552343 frs-core:ShareCapital 2022-07-31 03552343 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 03552343 frs-bus:OrdinaryShareClass2 2021-08-01 2022-07-31
Registered number: 03552343
Ruckleigh Schools Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Accountant's Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Ruckleigh Schools Limited for the year ended 31 July 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ruckleigh Schools Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Ruckleigh Schools Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Ruckleigh Schools Limited and state those matters that we have agreed to state to the directors of Ruckleigh Schools Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ruckleigh Schools Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Ruckleigh Schools Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Ruckleigh Schools Limited . You consider that Ruckleigh Schools Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ruckleigh Schools Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
21 July 2024
Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
B90 3LU
Page 1
Page 2
Abridged Balance Sheet
Registered number: 03552343
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 75,779 116,045
75,779 116,045
CURRENT ASSETS
Stocks 750 750
Debtors 401,203 459,499
Cash at bank and in hand 175,084 297,377
577,037 757,626
Creditors: Amounts Falling Due Within One Year (365,580 ) (539,765 )
NET CURRENT ASSETS (LIABILITIES) 211,457 217,861
TOTAL ASSETS LESS CURRENT LIABILITIES 287,236 333,906
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,162 ) (22,048 )
NET ASSETS 274,074 311,858
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account 274,072 311,856
SHAREHOLDERS' FUNDS 274,074 311,858
Page 2
Page 3
For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs C L Laurens
Director
21 July 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Ruckleigh Schools Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03552343 . The registered office is 17 Lode Lane, Solihull, B91 2AB.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% on cost
Computer Equipment 20% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 41 (2022: 40)
41 40
4. Tangible Assets
Total
£
Cost
As at 1 August 2022 597,381
Additions 21,767
As at 31 July 2023 619,148
Depreciation
As at 1 August 2022 481,336
Provided during the period 62,033
As at 31 July 2023 543,369
Net Book Value
As at 31 July 2023 75,779
As at 1 August 2022 116,045
5. Share Capital
2023 2022
Allotted, called up and fully paid £ £
2 Ordinary A shares of £ 1 each 2 2
6. Related Party Transactions
One of the directors of the company has loaned the company money which is interest free and repayable on demand. At the end of the year the outstanding amounts totalled £162,562 (2022 - £163,667).
Monies owed to Ruckleigh Holdings Limited, which owns all of the issued share capital of the company, totalled £330,965 at the year end (2022 - £299,461) The loan is interest free.
7. Ultimate Controlling Party
The company's ultimate controlling party is Ruckleigh Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.
Page 5