Company Registration No. 13782714 (England and Wales)
Ruigen Limited
Unaudited accounts
for the year ended 31 December 2023
Ruigen Limited
Unaudited accounts
Contents
Ruigen Limited
Company Information
for the year ended 31 December 2023
Directors
Dr. Leong Kit Gan
Dr. Nellie Mei Liz Chee
Company Number
13782714 (England and Wales)
Registered Office
29 Shepherd Road
Shinfield
Reading
RG2 9SR
England
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Ruigen Limited
Statement of financial position
as at 31 December 2023
Called up share capital not paid
2
2
Tangible assets
47,449
40,642
Cash at bank and in hand
3,872
7,794
Creditors: amounts falling due within one year
5,401
6,840
Net current assets
32,273
18,134
Total assets less current liabilities
79,724
58,778
Creditors: amounts falling due after more than one year
(28,618)
(25,521)
Called up share capital
2
2
Profit and loss account
51,104
33,255
Shareholders' funds
51,106
33,257
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by
Dr. Nellie Mei Liz Chee
Director
Company Registration No. 13782714
Ruigen Limited
Notes to the Accounts
for the year ended 31 December 2023
Ruigen Limited is a private company, limited by shares, registered in England and Wales, registration number 13782714. The registered office is 29 Shepherd Road, Shinfield, Reading, RG2 9SR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ruigen Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
7,583
35,000
42,583
Disposals
-
(35,000)
(35,000)
At 31 December 2023
7,583
45,990
53,573
At 1 January 2023
774
1,167
1,941
Charge for the year
1,517
6,749
8,266
On disposals
-
(4,083)
(4,083)
At 31 December 2023
2,291
3,833
6,124
At 31 December 2023
5,292
42,157
47,449
At 31 December 2022
6,809
33,833
40,642
Amounts falling due within one year
Accrued income and prepayments
-
2,100
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,668
8,750
Taxes and social security
2,988
-
Loans from directors
(19,321)
(18,181)
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Ruigen Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).