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REGISTERED NUMBER: 05134415 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RUF UK LIMITED

RUF UK LIMITED (REGISTERED NUMBER: 05134415)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RUF UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R Ruf
M Ensor





SECRETARY: Holder Blackthorn LLP





REGISTERED OFFICE: Blackthorn House
St Paul's Square
Birmingham
B3 1RL





BUSINESS ADDRESS: Unit 1 Alnwick Court
Castle Point Business Park
Tutbury
Staffordshire
DE13 9BA





REGISTERED NUMBER: 05134415 (England and Wales)





ACCOUNTANTS: Holder Blackthorn LLP
Blackthorn House
St Pauls Square
Birmingham
B3 1RL

RUF UK LIMITED (REGISTERED NUMBER: 05134415)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,355 82,969

CURRENT ASSETS
Stocks 392,057 418,516
Debtors 5 323,889 164,938
Cash at bank and in hand 382,040 449,583
1,097,986 1,033,037
CREDITORS
Amounts falling due within one year 6 979,540 1,017,891
NET CURRENT ASSETS 118,446 15,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,801

98,115

PROVISIONS FOR LIABILITIES 13,506 6,179
NET ASSETS 200,295 91,936

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 200,095 91,736
SHAREHOLDERS' FUNDS 200,295 91,936

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





R Ruf - Director


RUF UK LIMITED (REGISTERED NUMBER: 05134415)

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

1. STATUTORY INFORMATION

Ruf UK 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods or installation of machines.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from servicing and repair work is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost, 33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


RUF UK LIMITED (REGISTERED NUMBER: 05134415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 balance sheet 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 240,860
Additions 23,337
At 31 December 2023 264,197
DEPRECIATION
At 1 January 2023 157,891
Charge for year 10,951
At 31 December 2023 168,842
NET BOOK VALUE
At 31 December 2023 95,355
At 31 December 2022 82,969

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 285,135 115,068
Other debtors 38,754 49,870
323,889 164,938

RUF UK LIMITED (REGISTERED NUMBER: 05134415)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,073 10,917
Amounts owed to group undertakings 754,569 665,162
Taxation and social security 46,297 76,042
Other creditors 169,601 265,770
979,540 1,017,891

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
51 Ordinary B £1 51 51
49 Ordinary C £1 49 49
200 200

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £24,000 (2022 - £25,836).

9. RELATED PARTY DISCLOSURES

The company is wholly owned by Ruf Trading 1 GmbH & Co. KG, 101 Hausener Strasse, 86874
Tussenhausen-Zaisertshoften, Germany.

Ruf Maschinenbau GmbH & Co. KG
Group Company

During the year the company purchased goods and services of £715,200 ( 2022 - £416,852) from Ruf Maschinenbau GmbH & Co. KG . At 31 December 2022 the amount due to the related party, as included in
creditors, was £754,569 (2022 - £665,162).