Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11944438 Mr Nicholas Ruddy Mr Christopher Ruddy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11944438 2023-04-30 11944438 2024-04-30 11944438 2023-05-01 2024-04-30 11944438 frs-core:CurrentFinancialInstruments 2024-04-30 11944438 frs-core:Non-currentFinancialInstruments 2024-04-30 11944438 frs-core:MotorVehicles 2024-04-30 11944438 frs-core:MotorVehicles 2023-05-01 2024-04-30 11944438 frs-core:MotorVehicles 2023-04-30 11944438 frs-core:PlantMachinery 2024-04-30 11944438 frs-core:PlantMachinery 2023-05-01 2024-04-30 11944438 frs-core:PlantMachinery 2023-04-30 11944438 frs-core:ShareCapital 2024-04-30 11944438 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11944438 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11944438 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11944438 frs-bus:SmallEntities 2023-05-01 2024-04-30 11944438 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11944438 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11944438 frs-bus:Director1 2023-05-01 2024-04-30 11944438 frs-bus:Director2 2023-05-01 2024-04-30 11944438 frs-core:CurrentFinancialInstruments 1 2024-04-30 11944438 frs-countries:EnglandWales 2023-05-01 2024-04-30 11944438 2022-04-30 11944438 2023-04-30 11944438 2022-05-01 2023-04-30 11944438 frs-core:CurrentFinancialInstruments 2023-04-30 11944438 frs-core:Non-currentFinancialInstruments 2023-04-30 11944438 frs-core:ShareCapital 2023-04-30 11944438 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11944438 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 11944438
The Ruddy Brothers Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Accountancy Solutions (Northern) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11944438
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,160 15,565
11,160 15,565
CURRENT ASSETS
Stocks 5 20,540 30,241
Debtors 6 45,802 45,113
Cash at bank and in hand 239,714 250,619
306,056 325,973
Creditors: Amounts Falling Due Within One Year 7 (83,450 ) (85,402 )
NET CURRENT ASSETS (LIABILITIES) 222,606 240,571
TOTAL ASSETS LESS CURRENT LIABILITIES 233,766 256,136
Creditors: Amounts Falling Due After More Than One Year 8 (14,167 ) (24,167 )
NET ASSETS 219,599 231,969
CAPITAL AND RESERVES
Called up share capital 9 200 130
Profit and Loss Account 219,399 231,839
SHAREHOLDERS' FUNDS 219,599 231,969
Page 1
Page 2
For the year ending 30 April 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Ruddy
Director
13/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Ruddy Brothers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11944438 . The registered office is Tower Buildings, 9 Oldgate, Morpeth, NE61 1PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 5)
3 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 9,335 22,290 31,625
Additions 379 - 379
Disposals (249 ) - (249 )
As at 30 April 2024 9,465 22,290 31,755
...CONTINUED
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Page 4
Depreciation
As at 1 May 2023 4,339 11,721 16,060
Provided during the period 1,943 2,642 4,585
Disposals (50 ) - (50 )
As at 30 April 2024 6,232 14,363 20,595
Net Book Value
As at 30 April 2024 3,233 7,927 11,160
As at 1 May 2023 4,996 10,569 15,565
5. Stocks
2024 2023
£ £
Stock 20,540 30,241
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 689 -
Other debtors 44,401 44,401
Other debtors (1) 712 712
45,802 45,113
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Corporation tax 39,622 60,973
Other taxes and social security 21,145 13,685
Accruals and deferred income 660 708
Directors' loan accounts 12,023 36
83,450 85,402
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,167 24,167
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 130
Page 4