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REGISTERED NUMBER: 00996967 (England and Wales)















RUTHKAY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






RUTHKAY LIMITED (REGISTERED NUMBER: 00996967)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


RUTHKAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: M J Alcock





SECRETARY: B Alcock





REGISTERED OFFICE: 60A North Street
Crowland
Peterborough
Cambridgeshire
PE6 0EF





REGISTERED NUMBER: 00996967 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

RUTHKAY LIMITED (REGISTERED NUMBER: 00996967)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 976,351 993,947

CURRENT ASSETS
Stocks 435,000 594,927
Debtors 5 229,986 128,279
Cash at bank and in hand 661,551 1,011,579
1,326,537 1,734,785
CREDITORS
Amounts falling due within one year 6 486,218 520,721
NET CURRENT ASSETS 840,319 1,214,064
TOTAL ASSETS LESS CURRENT LIABILITIES 1,816,670 2,208,011

CREDITORS
Amounts falling due after more than one year 7 (134,832 ) (178,036 )

PROVISIONS FOR LIABILITIES (59,380 ) (92,412 )
NET ASSETS 1,622,458 1,937,563

CAPITAL AND RESERVES
Called up share capital 9 2 2
Other reserves 10 315,749 315,749
Retained earnings 1,306,707 1,621,812
SHAREHOLDERS' FUNDS 1,622,458 1,937,563

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

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

The director acknowledges his 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.

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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 26 July 2024 and were signed by:



M J Alcock - Director


RUTHKAY LIMITED (REGISTERED NUMBER: 00996967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Ruthkay 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 25% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 5% on cost

No depreciation has been provided on the freehold investment property.

Stocks
Stocks are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


RUTHKAY LIMITED (REGISTERED NUMBER: 00996967)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 the profit and loss account in the period to which they relate.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the income statement and the revaluation reserve. No depreciation is provided in respect of investment properties.

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 868,542 407,642 1,276,184
Additions - 10,715 10,715
Disposals - (7,458 ) (7,458 )
At 31 October 2023 868,542 410,899 1,279,441
DEPRECIATION
At 1 November 2022 48,444 233,793 282,237
Charge for year 98 26,482 26,580
Eliminated on disposal - (5,727 ) (5,727 )
At 31 October 2023 48,542 254,548 303,090
NET BOOK VALUE
At 31 October 2023 820,000 156,351 976,351
At 31 October 2022 820,098 173,849 993,947

RUTHKAY LIMITED (REGISTERED NUMBER: 00996967)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2014 (17,118 ) - (17,118 )
Valuation in 2015 127,045 - 127,045
Valuation in 2018 125,000 - 125,000
Valuation in 2022 138,511 - 138,511
Cost 495,104 410,899 906,003
868,542 410,899 1,279,441

In the opinion of the director at 31 October 2023 the open market value of the investment properties was not significantly different to this valuation.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,758 31,270
Other debtors 205,228 97,009
229,986 128,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 918 5,135
Trade creditors 74,401 97,242
Taxation and social security 4,101 19,853
Other creditors 406,798 398,491
486,218 520,721

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 134,832 178,036

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans - 125,258

Repayable by instalments
Other loans more 5yrs instal 95,647 -

RUTHKAY LIMITED (REGISTERED NUMBER: 00996967)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 120,323 125,258
Hire purchase contracts 918 5,135
121,241 130,393

Loans are secured upon land that is personally owned by the director. Hire purchase creditors are secured on the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Other
reserves
£   
At 1 November 2022
and 31 October 2023 315,749

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.

11. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had operating lease commitments over the remaining life of the leases totalling £71,996 (2022: £nil).