Ruscon Limited 14999259 false 2023-07-12 2024-07-31 2024-07-31 The principal activity of the company is Consultancy activities Digita Accounts Production Advanced 6.30.9574.0 true true 14999259 2023-07-12 2024-07-31 14999259 2024-07-31 14999259 core:RetainedEarningsAccumulatedLosses 2024-07-31 14999259 core:ShareCapital 2024-07-31 14999259 core:CurrentFinancialInstruments 2024-07-31 14999259 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14999259 core:AdditionsToInvestments 2024-07-31 14999259 core:FurnitureFittingsToolsEquipment 2024-07-31 14999259 bus:SmallEntities 2023-07-12 2024-07-31 14999259 bus:AuditExemptWithAccountantsReport 2023-07-12 2024-07-31 14999259 bus:FullAccounts 2023-07-12 2024-07-31 14999259 bus:SmallCompaniesRegimeForAccounts 2023-07-12 2024-07-31 14999259 bus:RegisteredOffice 2023-07-12 2024-07-31 14999259 bus:Director1 2023-07-12 2024-07-31 14999259 bus:PrivateLimitedCompanyLtd 2023-07-12 2024-07-31 14999259 core:ComputerEquipment 2023-07-12 2024-07-31 14999259 core:FurnitureFittings 2023-07-12 2024-07-31 14999259 core:FurnitureFittingsToolsEquipment 2023-07-12 2024-07-31 14999259 countries:EnglandWales 2023-07-12 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 14999259

Ruscon Limited

Annual Report and Unaudited Financial Statements

For The Period from 12 July 2023 to 31 July 2024

 

Ruscon Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Ruscon Limited

(Registration number: 14999259)
Balance Sheet as at 31 July 2024

Note

2024
£

       

Fixed assets

   

Tangible assets

4

 

1,784

Investments

5

 

100

   

1,884

Current assets

   

Debtors

6

9,834

 

Cash at bank and in hand

 

5

 

 

9,839

 

Creditors: Amounts falling due within one year

7

(12,359)

 

Net current liabilities

   

(2,520)

Net liabilities

   

(636)

Capital and reserves

   

Called up share capital

100

 

Profit and loss account

(736)

 

Total equity

   

(636)

For the financial period ending 31 July 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 14 November 2024
 

.........................................
Mr A.J. Russell
Director

 

Ruscon Limited

Notes to the Unaudited Financial Statements For The Period from 12 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Old House Gardens
West Haddlesey
Selby
YO8 8RE

These financial statements were authorised for issue by the director on 14 November 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.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises current 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.

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.

 

Ruscon Limited

Notes to the Unaudited Financial Statements For The Period from 12 July 2023 to 31 July 2024

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:

Asset class

Depreciation method and rate

Fixtures and fittings

25% Reducing balance

Computer equipment

25% Straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

2,378

2,378

At 31 July 2024

2,378

2,378

Depreciation

Charge for the period

594

594

At 31 July 2024

594

594

Carrying amount

At 31 July 2024

1,784

1,784

 

Ruscon Limited

Notes to the Unaudited Financial Statements For The Period from 12 July 2023 to 31 July 2024

5

Investments

2024
£

Investments in associates

100

Associates

£

Cost

Additions

100

Provision

Carrying amount

At 31 July 2024

100

6

Debtors

Current

2024
£

Trade debtors

4,200

Other debtors

5,634

 

9,834

Other debtors include a loan to the director of the Company in the amount of £5,134. The loan is interest free, unsecured and repayable on demand.

7

Creditors

Creditors: amounts falling due within one year

2024
£

Taxation and social security

10,358

Other creditors

2,001

12,359