2023-02-012024-01-312024-01-31false01033025Rural Developments (Somerset) 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Rural Developments (Somerset) Limited

Registered Number
01033025
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

Rural Developments (Somerset) Limited
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

George, Rosalind Mary
Thorne, Alethea Gaye Kendall

Registered Address

107 North Street
Martock
TA12 6EJ

Registered Number

01033025 (England and Wales)
Rural Developments (Somerset) Limited
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks31,85030,000
Debtors379,92877,340
111,778107,340
Creditors amounts falling due within one year4(1,112)(1,016)
Net current assets (liabilities)110,666106,324
Total assets less current liabilities110,666106,324
Creditors amounts falling due after one year5(30,897)(27,397)
Net assets79,76978,927
Capital and reserves
Called up share capital21,80021,800
Profit and loss account57,96957,127
Shareholders' funds79,76978,927
The financial statements were approved and authorised for issue by the Board of Directors on 11 July 2024, and are signed on its behalf by:
Thorne, Alethea Gaye Kendall
Director
Registered Company No. 01033025
Rural Developments (Somerset) Limited
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Debtors: amounts due within one year
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.
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties4444
Accrued liabilities and deferred income1,068972
Total1,1121,016
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.
5.Creditors: amounts due after one year

2024

2023

££
Amounts owed to related parties30,89727,397
Total30,89727,397