Rusticus Ltd SC771263 false 2023-06-01 2024-06-30 2024-06-30 The principal activity of the company is that of business consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true true SC771263 2023-06-01 2024-06-30 SC771263 2024-06-30 SC771263 bus:OrdinaryShareClass1 2024-06-30 SC771263 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC771263 core:FurnitureFittingsToolsEquipment 2024-06-30 SC771263 bus:SmallEntities 2023-06-01 2024-06-30 SC771263 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-06-30 SC771263 bus:FilletedAccounts 2023-06-01 2024-06-30 SC771263 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-06-30 SC771263 bus:RegisteredOffice 2023-06-01 2024-06-30 SC771263 bus:CompanySecretaryDirector1 2023-06-01 2024-06-30 SC771263 bus:OrdinaryShareClass1 2023-06-01 2024-06-30 SC771263 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-06-01 2024-06-30 SC771263 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-06-30 SC771263 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-06-30 SC771263 core:OfficeEquipment 2023-06-01 2024-06-30 SC771263 1 2023-06-01 2024-06-30 SC771263 countries:Scotland 2023-06-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC771263

Rusticus Ltd

Unaudited Financial Statements

for the Period from 1 June 2023 to 30 June 2024

 

Rusticus Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Rusticus Ltd

(Registration number: SC771263)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

184

Current assets

 

Cash at bank and in hand

 

10,903

Creditors: Amounts falling due within one year

5

(10,063)

Net current assets

 

840

Total assets less current liabilities

 

1,024

Provisions for liabilities

(35)

Net assets

 

989

Capital and reserves

 

Called up share capital

1

Retained earnings

988

Shareholders' funds

 

989

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024
 

Mr Nicholas Anthony Moon
Company secretary and director

   
     
 

Rusticus Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
39A Morningside Park
Edinburgh
EH10 5EZ
Scotland

These financial statements were authorised for issue by the director on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

 

Rusticus Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024

Going concern

These financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Rusticus Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Rusticus Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

209

209

At 30 June 2024

209

209

Depreciation

Charge for the period

25

25

At 30 June 2024

25

25

Carrying amount

At 30 June 2024

184

184

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

8,500

Accruals and deferred income

1,500

Other creditors

63

10,063

 

Rusticus Ltd

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 June 2024

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary Share of £1 each

1

1

     

New shares allotted

During the period 1 Ordinary share having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1. The share was allotted on incorporation of the company..

7

Dividends

2024

£

Interim dividend of £35,400.00 per ordinary share

35,400

 

8

Related party transactions

Transactions with directors

At the balance sheet date, the company owed the director £63. This loan is interest free and there are no terms for repayment.

9

Ultimate controlling party

The ultimate controlling party is Mr N Moon, director and shareholder.