IRIS Accounts Production v24.2.0.383 SC546197 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5461972022-12-31SC5461972023-12-31SC5461972023-01-012023-12-31SC5461972021-12-31SC5461972022-01-012022-12-31SC5461972022-12-31SC546197ns15:Scotland2023-01-012023-12-31SC546197ns14:PoundSterling2023-01-012023-12-31SC546197ns10:Director12023-01-012023-12-31SC546197ns10:Director22023-01-012023-12-31SC546197ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC546197ns10:SmallEntities2023-01-012023-12-31SC546197ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC546197ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC546197ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC546197ns10:FullAccounts2023-01-012023-12-31SC546197ns10:RegisteredOffice2023-01-012023-12-31SC546197ns5:CurrentFinancialInstruments2022-12-31SC546197ns5:CurrentFinancialInstruments2023-12-31SC546197ns5:ShareCapital2022-12-31SC546197ns5:ShareCapital2023-12-31SC546197ns5:RetainedEarningsAccumulatedLosses2022-12-31SC546197ns5:RetainedEarningsAccumulatedLosses2023-12-31SC546197ns5:PlantMachinery2023-01-012023-12-31SC546197ns5:FurnitureFittings2023-01-012023-12-31SC546197ns5:ComputerEquipment2023-01-012023-12-31SC546197ns5:LandBuildings2022-12-31SC546197ns5:PlantMachinery2022-12-31SC546197ns5:FurnitureFittings2022-12-31SC546197ns5:ComputerEquipment2022-12-31SC546197ns5:LandBuildings2023-01-012023-12-31SC546197ns5:LandBuildings2023-12-31SC546197ns5:PlantMachinery2023-12-31SC546197ns5:FurnitureFittings2023-12-31SC546197ns5:ComputerEquipment2023-12-31SC546197ns5:LandBuildings2022-12-31SC546197ns5:PlantMachinery2022-12-31SC546197ns5:FurnitureFittings2022-12-31SC546197ns5:ComputerEquipment2022-12-31SC546197ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31SC546197ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: SC546197 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RUTHERFORD SHERIDAN LTD

RUTHERFORD SHERIDAN LTD (REGISTERED NUMBER: SC546197)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUTHERFORD SHERIDAN LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Ms M Rutherford
P W Sheridan





REGISTERED OFFICE: 9 Glasgow Road
Paisley
Renfrewshire
PA1 3QS





REGISTERED NUMBER: SC546197 (Scotland)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

RUTHERFORD SHERIDAN LTD (REGISTERED NUMBER: SC546197)

BALANCE SHEET
31 December 2023

31.12.22 31.12.23
£    £    Notes £    £   
FIXED ASSETS
74,954 Tangible assets 5 7,870

CURRENT ASSETS
273,571 Debtors 6 283,593
243,883 Cash at bank and in hand 336,880
517,454 620,473
CREDITORS
128,121 Amounts falling due within one year 7 150,620
389,333 NET CURRENT ASSETS 469,853
464,287 TOTAL ASSETS LESS CURRENT
LIABILITIES

477,723

1,865 PROVISIONS FOR LIABILITIES 1,852
462,422 NET ASSETS 475,871

CAPITAL AND RESERVES
1,000 Called up share capital 1,000
461,422 Retained earnings 474,871
462,422 SHAREHOLDERS' FUNDS 475,871

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

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

The directors acknowledge their 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.

RUTHERFORD SHERIDAN LTD (REGISTERED NUMBER: SC546197)

BALANCE SHEET - continued
31 December 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:




Ms M Rutherford - Director



P W Sheridan - Director


RUTHERFORD SHERIDAN LTD (REGISTERED NUMBER: SC546197)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Rutherford Sheridan Ltd is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

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 all 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. 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 which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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 profit or loss in the period to which they relate.

RUTHERFORD SHERIDAN LTD (REGISTERED NUMBER: SC546197)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial instruments
Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant & and Computer
Totals property machinery fittings equipment
£    £    £    £    £   
COST
At 1 January 2023 83,862 65,140 1,632 2,890 14,200
Additions 900 - - - 900
Disposals (65,140 ) (65,140 ) - - -
At 31 December 2023 19,622 - 1,632 2,890 15,100
DEPRECIATION
At 1 January 2023 8,908 - 630 1,283 6,995
Charge for year 2,844 - 150 241 2,453
At 31 December 2023 11,752 - 780 1,524 9,448
NET BOOK VALUE
At 31 December 2023 7,870 - 852 1,366 5,652
At 31 December 2022 74,954 65,140 1,002 1,607 7,205

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Prepayments 18,312 17,116
Debtors 45,281 36,455
Work in progress 220,000 220,000
283,593 273,571

RUTHERFORD SHERIDAN LTD (REGISTERED NUMBER: SC546197)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Corporation Tax 74,603 54,078
Social security and other taxes 5,562 5,677
VAT 43,356 38,254
Other creditors 968 1,006
Sums due to clients 19,927 22,929
Directors' loan accounts 2,933 2,617
Accruals and deferred income 3,271 3,560
150,620 128,121