2023-03-012024-02-292024-02-29false10621342DAVID RUSE LTD2024-04-0482990iso4217:GBPxbrli:pure106213422023-03-01106213422024-02-29106213422023-03-012024-02-29106213422022-03-01106213422023-02-28106213422022-03-012023-02-2810621342bus:SmallEntities2023-03-012024-02-2910621342bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2910621342bus:FullAccounts2023-03-012024-02-2910621342bus:PrivateLimitedCompanyLtd2023-03-012024-02-2910621342core:WithinOneYear2024-02-2910621342core:AfterOneYear2024-02-2910621342core:WithinOneYear2023-02-2810621342core:AfterOneYear2023-02-2810621342core:ShareCapital2024-02-2910621342core:SharePremium2024-02-2910621342core:RevaluationReserve2024-02-2910621342core:OtherReservesSubtotal2024-02-2910621342core:RetainedEarningsAccumulatedLosses2024-02-2910621342core:ShareCapital2023-02-2810621342core:SharePremium2023-02-2810621342core:RevaluationReserve2023-02-2810621342core:OtherReservesSubtotal2023-02-2810621342core:RetainedEarningsAccumulatedLosses2023-02-2810621342core:LandBuildings2024-02-2910621342core:PlantMachinery2024-02-2910621342core:Vehicles2024-02-2910621342core:FurnitureFittings2024-02-2910621342core:OfficeEquipment2024-02-2910621342core:NetGoodwill2024-02-2910621342core:IntangibleAssetsOtherThanGoodwill2024-02-2910621342core:ListedExchangeTraded2024-02-2910621342core:UnlistedNon-exchangeTraded2024-02-2910621342core:LandBuildings2023-02-2810621342core:PlantMachinery2023-02-2810621342core:Vehicles2023-02-2810621342core:FurnitureFittings2023-02-2810621342core:OfficeEquipment2023-02-2810621342core:NetGoodwill2023-02-2810621342core:IntangibleAssetsOtherThanGoodwill2023-02-2810621342core:ListedExchangeTraded2023-02-2810621342core:UnlistedNon-exchangeTraded2023-02-2810621342core:LandBuildings2023-03-012024-02-2910621342core:PlantMachinery2023-03-012024-02-2910621342core:Vehicles2023-03-012024-02-2910621342core:FurnitureFittings2023-03-012024-02-2910621342core:OfficeEquipment2023-03-012024-02-2910621342core:NetGoodwill2023-03-012024-02-2910621342core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910621342core:ListedExchangeTraded2023-03-012024-02-2910621342core:UnlistedNon-exchangeTraded2023-03-012024-02-2910621342core:MoreThanFiveYears2023-03-012024-02-2910621342core:Non-currentFinancialInstruments2024-02-2910621342core:Non-currentFinancialInstruments2023-02-2810621342dpl:CostSales2023-03-012024-02-2910621342dpl:DistributionCosts2023-03-012024-02-2910621342core:LandBuildings2023-03-012024-02-2910621342core:PlantMachinery2023-03-012024-02-2910621342core:Vehicles2023-03-012024-02-2910621342core:FurnitureFittings2023-03-012024-02-2910621342core:OfficeEquipment2023-03-012024-02-2910621342dpl:AdministrativeExpenses2023-03-012024-02-2910621342core:NetGoodwill2023-03-012024-02-2910621342core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910621342dpl:GroupUndertakings2023-03-012024-02-2910621342dpl:ParticipatingInterests2023-03-012024-02-2910621342dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2910621342core:ListedExchangeTraded2023-03-012024-02-2910621342dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2910621342core:UnlistedNon-exchangeTraded2023-03-012024-02-2910621342dpl:CostSales2022-03-012023-02-2810621342dpl:DistributionCosts2022-03-012023-02-2810621342core:LandBuildings2022-03-012023-02-2810621342core:PlantMachinery2022-03-012023-02-2810621342core:Vehicles2022-03-012023-02-2810621342core:FurnitureFittings2022-03-012023-02-2810621342core:OfficeEquipment2022-03-012023-02-2810621342dpl:AdministrativeExpenses2022-03-012023-02-2810621342core:NetGoodwill2022-03-012023-02-2810621342core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2810621342dpl:GroupUndertakings2022-03-012023-02-2810621342dpl:ParticipatingInterests2022-03-012023-02-2810621342dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2810621342core:ListedExchangeTraded2022-03-012023-02-2810621342dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2810621342core:UnlistedNon-exchangeTraded2022-03-012023-02-2810621342core:NetGoodwill2024-02-2910621342core:IntangibleAssetsOtherThanGoodwill2024-02-2910621342core:LandBuildings2024-02-2910621342core:PlantMachinery2024-02-2910621342core:Vehicles2024-02-2910621342core:FurnitureFittings2024-02-2910621342core:OfficeEquipment2024-02-2910621342core:AfterOneYear2024-02-2910621342core:WithinOneYear2024-02-2910621342core:ListedExchangeTraded2024-02-2910621342core:UnlistedNon-exchangeTraded2024-02-2910621342core:ShareCapital2024-02-2910621342core:SharePremium2024-02-2910621342core:RevaluationReserve2024-02-2910621342core:OtherReservesSubtotal2024-02-2910621342core:RetainedEarningsAccumulatedLosses2024-02-2910621342core:NetGoodwill2023-02-2810621342core:IntangibleAssetsOtherThanGoodwill2023-02-2810621342core:LandBuildings2023-02-2810621342core:PlantMachinery2023-02-2810621342core:Vehicles2023-02-2810621342core:FurnitureFittings2023-02-2810621342core:OfficeEquipment2023-02-2810621342core:AfterOneYear2023-02-2810621342core:WithinOneYear2023-02-2810621342core:ListedExc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DAVID RUSE LTD

Registered Number
10621342
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

DAVID RUSE LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

RUSE, David

Registered Address

Nicholas Cottage Mount Pleasure Farm Cottages
Cadogan Road
Camborne
TR14 7SA

Registered Number

10621342 (England and Wales)
DAVID RUSE LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,7802,116
1,7802,116
Current assets
Debtors40-
Cash at bank and on hand116,136119,336
116,176119,336
Creditors amounts falling due within one year4(82,114)(63,580)
Net current assets (liabilities)34,06255,756
Total assets less current liabilities35,84257,872
Provisions for liabilities5(338)(402)
Net assets35,50457,470
Capital and reserves
Called up share capital11
Profit and loss account35,50357,469
Shareholders' funds35,50457,470
The financial statements were approved and authorised for issue by the Director on 4 April 2024, and are signed on its behalf by:
RUSE, David
Director
Registered Company No. 10621342
DAVID RUSE LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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 policy
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery15
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 March 233,5782473,825
At 29 February 243,5782473,825
Depreciation and impairment
At 01 March 231,647621,709
Charge for year336-336
At 29 February 241,983622,045
Net book value
At 29 February 241,5951851,780
At 28 February 231,9311852,116
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security6,6408,421
Other creditors74,88954,631
Accrued liabilities and deferred income585528
Total82,11463,580
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)338402
Total338402