Company Registration No. SC473210 (Scotland)
Ruth Brown & Co Ltd
Filleted accounts
for the year ended 31 March 2024
Ruth Brown & Co Ltd
Filleted accounts
Contents
Ruth Brown & Co Ltd
Company Information
for the year ended 31 March 2024
Secretary
Jennifer Swanson
Company Number
SC473210 (Scotland)
Registered Office
Whisperdale
Birichen
Dornoch
Highlands
IV25 3NE
United Kingdom
Accountants
Cameron Consulting (Scotland) Ltd
7 Poles Road
Dornoch
IV25 3HP
Ruth Brown & Co Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
9,385
14,522
Cash at bank and in hand
16,564
14,715
Creditors: amounts falling due within one year
(29,248)
(26,521)
Net current assets/(liabilities)
3,975
(50)
Called up share capital
100
100
Profit and loss account
13,260
14,372
Shareholders' funds
13,360
14,472
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2024 and were signed on its behalf by
Ruth M Brown
Director
Company Registration No. SC473210
Ruth Brown & Co Ltd
Notes to the Accounts
for the year ended 31 March 2024
Ruth Brown & Co Ltd is a private company, limited by shares, registered in Scotland, registration number SC473210. The registered office is Whisperdale, Birichen, Dornoch, Highlands, IV25 3NE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% SL - 33.33% SL
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Ruth Brown & Co Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
33,688
3,993
37,681
At 31 March 2024
33,688
3,993
37,681
At 1 April 2023
19,250
3,909
23,159
Charge for the year
5,053
84
5,137
At 31 March 2024
24,303
3,993
28,296
At 31 March 2024
9,385
-
9,385
At 31 March 2023
14,438
84
14,522
Amounts falling due within one year
Accrued income and prepayments
6,194
9,095
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
861
1,189
Loans from directors
22,414
20,246
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).