Registered number
07771652
RUTLAND MARKETING LIMITED
Filleted Accounts
30 September 2023
RUTLAND MARKETING LIMITED
Registered number: 07771652
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,315 2,676
Current assets
Stocks 3,500 3,500
Debtors 4 95,223 95,223
Cash at bank and in hand 13,683 17,281
112,406 116,004
Creditors: amounts falling due within one year 5 (17,521) (13,054)
Net current assets 94,885 102,950
Total assets less current liabilities 97,200 105,626
Creditors: amounts falling due after more than one year 6 (19,672) (22,788)
Net assets 77,528 82,838
Capital and reserves
Called up share capital 1 1
Profit and loss account 77,527 82,837
Shareholder's funds 77,528 82,838
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jacob Breuer
Director
Approved by the board on 24 September 2024
RUTLAND MARKETING LIMITED
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 5,591
Additions 411
At 30 September 2023 6,002
Depreciation
At 1 October 2022 2,915
Charge for the year 772
At 30 September 2023 3,687
Net book value
At 30 September 2023 2,315
At 30 September 2022 2,676
4 Debtors 2023 2022
£ £
Other debtors 95,223 95,223
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs (1,530) 1,252
Other creditors 19,051 11,802
17,521 13,054
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,672 22,788
7 Related party transactions
Debtors include £95,223 owing from a company which is under common control. The loan is interest free and repayable on demand.
8 Other information
RUTLAND MARKETING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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