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REGISTERED NUMBER: 07310295 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

RURAL BUSINESS SERVICES LIMITED

RURAL BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 07310295)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RURAL BUSINESS SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: L Bratley





REGISTERED OFFICE: 6 Victor Charles Terrace
Southgate
Market Weighton
York
North Yorkshire
YO43 3NU





REGISTERED NUMBER: 07310295 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

RURAL BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 07310295)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,915 23,838

CURRENT ASSETS
Debtors 5 105,804 45,024
Cash at bank 9,434 30,374
115,238 75,398
CREDITORS
Amounts falling due within one year 6 36,064 26,014
NET CURRENT ASSETS 79,174 49,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,089

73,222

PROVISIONS FOR LIABILITIES 4,660 3,062
NET ASSETS 98,429 70,160

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 98,428 70,159
SHAREHOLDERS' FUNDS 98,429 70,160

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:



L Bratley - Director


RURAL BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 07310295)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Rural Business Services 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.

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 relates to business administration and consultancy services excluding discounts, rebates, value added tax and other taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 the statement of income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

RURAL BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 07310295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 74,546
Additions 8,048
At 31 August 2024 82,594
DEPRECIATION
At 1 September 2023 50,708
Charge for year 7,971
At 31 August 2024 58,679
NET BOOK VALUE
At 31 August 2024 23,915
At 31 August 2023 23,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 75,465 41,642
Other debtors 30,339 3,382
105,804 45,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 6,187 87
Taxation and social security 26,269 22,068
Other creditors 3,608 3,859
36,064 26,014

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1

RURAL BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 07310295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
L Bratley
Balance outstanding at start of year (595 ) (26,228 )
Amounts advanced 94,190 86,349
Amounts repaid (76,086 ) (60,716 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,509 (595 )