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REGISTERED NUMBER: 05004123 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ruston Services Limited

Ruston Services Limited (Registered number: 05004123)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Ruston Services Limited (Registered number: 05004123)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,604 17,038

CURRENT ASSETS
Stocks 4,972 6,215
Debtors 5 5,329 15,760
Cash at bank 16,747 14,008
27,048 35,983
CREDITORS
Amounts falling due within one year 6 37,783 43,600
NET CURRENT LIABILITIES (10,735 ) (7,617 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,869 9,421

CREDITORS
Amounts falling due after more than one year 7 - (3,325 )

PROVISIONS FOR LIABILITIES (2,775 ) (3,237 )
NET ASSETS 1,094 2,859

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,084 2,849
SHAREHOLDERS' FUNDS 1,094 2,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr P C Robinson - Director


Ruston Services Limited (Registered number: 05004123)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ruston Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05004123

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

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, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied. Therefore turnover also includes the element of work completed but not yet invoiced.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Ruston Services Limited (Registered number: 05004123)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 86,590 8,997 12,950 12,464 121,001
Additions 5,884 255 - 290 6,429
At 31 March 2024 92,474 9,252 12,950 12,754 127,430
DEPRECIATION
At 1 April 2023 81,229 8,060 5,180 9,494 103,963
Charge for year 3,848 335 2,590 2,090 8,863
At 31 March 2024 85,077 8,395 7,770 11,584 112,826
NET BOOK VALUE
At 31 March 2024 7,397 857 5,180 1,170 14,604
At 31 March 2023 5,361 937 7,770 2,970 17,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,022 10,762
Other debtors 2,307 4,998
5,329 15,760

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,325 3,708
Trade creditors - 331
Taxation and social security 6,473 10,412
Other creditors 27,985 29,149
37,783 43,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 3,325

Ruston Services Limited (Registered number: 05004123)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,325 7,033

The bank loan is repayable within 1 year.

9. OTHER FINANCIAL COMMITMENTS

The financial commitment, which is not included in the balance sheet amounts to £30,772. This financial commitment represents the total amount payable for a lease ending in 2029.