Company registration number 14035513 (England and Wales)
RUTHERFORD BESS AND ATTWOOD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
RUTHERFORD BESS AND ATTWOOD LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
RUTHERFORD BESS AND ATTWOOD LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
31 December 2023
30 April 2023
Notes
£
£
£
£
Fixed assets
Investments
3
3,952
-
0
Current assets
Debtors
4
55,258
2,176
Cash at bank and in hand
4,459
92
59,717
2,268
Creditors: amounts falling due within one year
5
(42,238)
(7,537)
Net current assets/(liabilities)
17,479
(5,269)
Net assets/(liabilities)
21,431
(5,269)
Capital and reserves
Called up share capital
6
20
20
Profit and loss reserves
21,411
(5,289)
Total equity
21,431
(5,269)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 September 2024 and are signed on its behalf by:
M J  Elwen
Director
Company registration number 14035513 (England and Wales)
RUTHERFORD BESS AND ATTWOOD LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 8 April 2022
-
0
-
0
-
Period ended 30 April 2023:
Loss and total comprehensive income
-
(5,289)
(5,289)
Issue of share capital
6
20
-
20
Balance at 30 April 2023
20
(5,289)
(5,269)
Period ended 31 December 2023:
Profit and total comprehensive income
-
26,700
26,700
Balance at 31 December 2023
20
21,411
21,431
RUTHERFORD BESS AND ATTWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Rutherford Bess And Attwood Limited is a private company limited by shares incorporated in England and Wales. The registered office is 66 Grosvenor Street, London, W1K 3JL.

1.1
Reporting period

The company shortened its accounting reference date from 30 April 2024 to 31 December 2023 in order to have the same accounting reference date with its other related company. These financial statements were prepared for a period of eight months from 1 May 2023 to 31 December 2023 whereas the financial statements for the period ended 30 April 2023 were prepared from the date of incorporation, 8 April 2022 to 30 April 2023, a period of more than 12 months.The comparative amounts presented in these financial statements are therefore not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

RUTHERFORD BESS AND ATTWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.5
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.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

RUTHERFORD BESS AND ATTWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
2023
Number
Number
Total
1
-
0
3
Fixed asset investments
2023
2023
£
£
Other investments other than loans
3,952
-
0
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 May 2023
-
Additions
3,952
At 31 December 2023
3,952
Carrying amount
At 31 December 2023
3,952
At 30 April 2023
-

The company holds 100% of the issued share capital of Recyber Limited, a company registered in England and Wales.

4
Debtors
2023
2023
Amounts falling due within one year:
£
£
Trade debtors
51,371
-
0
Other debtors
3,887
2,176
55,258
2,176
RUTHERFORD BESS AND ATTWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 6 -
5
Creditors: amounts falling due within one year
2023
2023
£
£
Trade creditors
2,904
84
Corporation tax
7,724
-
0
Other taxation and social security
1,506
-
0
Other creditors
30,104
7,453
42,238
7,537
6
Called up share capital
31.12.2023
30.04.2023
31.12.2023
30.04.2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 1p each
2,000
2,000
20
20
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