IRIS Accounts Production v24.3.2.46 08037983 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080379832023-04-30080379832024-04-30080379832023-05-012024-04-30080379832022-04-30080379832022-05-012023-04-30080379832023-04-3008037983ns15:EnglandWales2023-05-012024-04-3008037983ns14:PoundSterling2023-05-012024-04-3008037983ns10:Director12023-05-012024-04-3008037983ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008037983ns10:SmallEntities2023-05-012024-04-3008037983ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008037983ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008037983ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008037983ns10:FullAccounts2023-05-012024-04-3008037983ns10:OrdinaryShareClass12023-05-012024-04-3008037983ns10:Director22023-05-012024-04-3008037983ns10:RegisteredOffice2023-05-012024-04-3008037983ns5:CurrentFinancialInstruments2024-04-3008037983ns5:CurrentFinancialInstruments2023-04-3008037983ns5:Non-currentFinancialInstruments2024-04-3008037983ns5:Non-currentFinancialInstruments2023-04-3008037983ns5:ShareCapital2024-04-3008037983ns5:ShareCapital2023-04-3008037983ns5:RetainedEarningsAccumulatedLosses2024-04-3008037983ns5:RetainedEarningsAccumulatedLosses2023-04-3008037983ns5:LeaseholdImprovements2023-05-012024-04-3008037983ns5:FurnitureFittings2023-05-012024-04-3008037983ns5:LeaseholdImprovements2023-04-3008037983ns5:FurnitureFittings2023-04-3008037983ns5:MotorVehicles2023-04-3008037983ns5:ComputerEquipment2023-04-3008037983ns5:MotorVehicles2023-05-012024-04-3008037983ns5:ComputerEquipment2023-05-012024-04-3008037983ns5:LeaseholdImprovements2024-04-3008037983ns5:FurnitureFittings2024-04-3008037983ns5:MotorVehicles2024-04-3008037983ns5:ComputerEquipment2024-04-3008037983ns5:LeaseholdImprovements2023-04-3008037983ns5:FurnitureFittings2023-04-3008037983ns5:MotorVehicles2023-04-3008037983ns5:ComputerEquipment2023-04-3008037983ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008037983ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008037983ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-04-3008037983ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-04-3008037983ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 08037983 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

RUSTY DRUMS LTD

RUSTY DRUMS LTD (REGISTERED NUMBER: 08037983)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUSTY DRUMS LTD

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: Mr M D Jeffs
Ms M Jeffs





REGISTERED OFFICE: 79 Osborn Road
Barton-le-Clay
Bedfordshire
MK45 4NY





REGISTERED NUMBER: 08037983 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

RUSTY DRUMS LTD (REGISTERED NUMBER: 08037983)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,229 6,631

CURRENT ASSETS
Stocks 77,157 96,765
Debtors 5 8,253 5,810
Cash at bank and in hand 24,230 46,031
109,640 148,606
CREDITORS
Amounts falling due within one year 6 80,884 127,985
NET CURRENT ASSETS 28,756 20,621
TOTAL ASSETS LESS CURRENT LIABILITIES 30,985 27,252

CREDITORS
Amounts falling due after more than one
year

7

-

(1,800

)

PROVISIONS FOR LIABILITIES (216 ) (1,248 )
NET ASSETS 30,769 24,204

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 30,768 24,203
SHAREHOLDERS' FUNDS 30,769 24,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RUSTY DRUMS LTD (REGISTERED NUMBER: 08037983)

BALANCE SHEET - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





Mr M D Jeffs - Director


RUSTY DRUMS LTD (REGISTERED NUMBER: 08037983)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Rusty Drums Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

RUSTY DRUMS LTD (REGISTERED NUMBER: 08037983)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 23,926 14,649 4,785 400 43,760
DEPRECIATION
At 1 May 2023 22,287 11,171 3,271 400 37,129
Charge for year 546 3,478 378 - 4,402
At 30 April 2024 22,833 14,649 3,649 400 41,531
NET BOOK VALUE
At 30 April 2024 1,093 - 1,136 - 2,229
At 30 April 2023 1,639 3,478 1,514 - 6,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,742 2,360
Prepayments 5,511 3,450
8,253 5,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,507 7,000
Trade creditors 1,821 23,506
Corporation tax 6,553 2,929
Social security and other taxes 146 -
VAT 1,636 12,811
Directors' loan accounts 66,996 79,374
Accrued expenses 2,225 2,365
80,884 127,985

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 1,800

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

RUSTY DRUMS LTD (REGISTERED NUMBER: 08037983)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M D Jeffs.