Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312023-06-01falsefalseThe principal activity of the Company is the provision of stationery, shredding machines and services.910truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03571196 2023-06-01 2024-05-31 03571196 2022-06-01 2023-05-31 03571196 2024-05-31 03571196 2023-05-31 03571196 2022-06-01 03571196 c:Director2 2023-06-01 2024-05-31 03571196 d:FurnitureFittings 2023-06-01 2024-05-31 03571196 d:FurnitureFittings 2024-05-31 03571196 d:FurnitureFittings 2023-05-31 03571196 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03571196 d:ComputerEquipment 2023-06-01 2024-05-31 03571196 d:ComputerEquipment 2024-05-31 03571196 d:ComputerEquipment 2023-05-31 03571196 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03571196 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03571196 d:ComputerSoftware 2024-05-31 03571196 d:ComputerSoftware 2023-05-31 03571196 d:CurrentFinancialInstruments 2024-05-31 03571196 d:CurrentFinancialInstruments 2023-05-31 03571196 d:Non-currentFinancialInstruments 2024-05-31 03571196 d:Non-currentFinancialInstruments 2023-05-31 03571196 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 03571196 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03571196 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 03571196 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 03571196 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 03571196 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 03571196 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 03571196 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 03571196 d:ShareCapital 2024-05-31 03571196 d:ShareCapital 2023-05-31 03571196 d:ShareCapital 2022-06-01 03571196 d:CapitalRedemptionReserve 2024-05-31 03571196 d:CapitalRedemptionReserve 2023-05-31 03571196 d:CapitalRedemptionReserve 2022-06-01 03571196 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 03571196 d:RetainedEarningsAccumulatedLosses 2024-05-31 03571196 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 03571196 d:RetainedEarningsAccumulatedLosses 2023-05-31 03571196 d:RetainedEarningsAccumulatedLosses 2022-06-01 03571196 c:FRS102 2023-06-01 2024-05-31 03571196 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 03571196 c:FullAccounts 2023-06-01 2024-05-31 03571196 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03571196 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 03571196 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 03571196 2 2023-06-01 2024-05-31 03571196 6 2023-06-01 2024-05-31 03571196 d:ComputerSoftware d:OwnedIntangibleAssets 2023-06-01 2024-05-31 03571196 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 03571196










Don Ruffles Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 May 2024

 
Don Ruffles Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Don Ruffles Limited for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Don Ruffles Limited for the year ended 31 May 2024 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Don Ruffles Limited, as a body, in accordance with the terms of our engagement letter dated 18 September 2023Our work has been undertaken solely to prepare for your approval the financial statements of Don Ruffles Limited and state those matters that we have agreed to state to the Board of Directors of Don Ruffles Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Don Ruffles Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Don Ruffles Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Don Ruffles Limited. You consider that Don Ruffles Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Don Ruffles Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
31 January 2025
Page 1

 
Don Ruffles Limited
Registered number: 03571196

Balance Sheet
As at 31 May 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
4,419
8,346

Tangible assets
 5 
8,349
5,484

  
12,768
13,830

Current assets
  

Stocks
 6 
102,866
95,353

Debtors: amounts falling due within one year
 7 
786,519
799,115

Cash at bank and in hand
 8 
284,227
251,218

  
1,173,612
1,145,686

Creditors: amounts falling due within one year
 9 
(571,139)
(501,369)

Net current assets
  
 
 
602,473
 
 
644,317

Total assets less current liabilities
  
615,241
658,147

Creditors: amounts falling due after more than one year
 10 
(12,237)
(22,450)

Provisions for liabilities
  

Deferred tax
 12 
(1,191)
(1,371)

  
 
 
(1,191)
 
 
(1,371)

Net assets
  
601,813
634,326


Capital and reserves
  

Called up share capital 
  
80
80

Capital redemption reserve
  
20
20

Profit and loss account
  
601,713
634,226

  
601,813
634,326


Page 2

 
Don Ruffles Limited
Registered number: 03571196

Balance Sheet (continued)
As at 31 May 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr M P Knight
Director
Date: 31 January 2025

Page 3

 
Don Ruffles Limited
 

Statement of Changes in Equity
For the Year Ended 31 May 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 June 2022
80
20
671,419
671,519


Comprehensive income for the year

Profit for the year
-
-
55,807
55,807

Dividends: Equity capital
-
-
(93,000)
(93,000)



At 1 June 2023
80
20
634,226
634,326


Comprehensive income for the year

Profit for the year
-
-
39,487
39,487

Dividends: Equity capital
-
-
(72,000)
(72,000)


At 31 May 2024
80
20
601,713
601,813


The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
Don Ruffles Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

1.


General information

Don Ruffles is a private company, limited by share capital, and incorporated in England and Wales.  The company registration number is 03571196.  The registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG.
The financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
Don Ruffles Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Computer Equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
Don Ruffles Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

2.Accounting policies (continued)

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.12

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.14

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.15

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 7

 
Don Ruffles Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

2.Accounting policies (continued)

 
2.17

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.18

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.19

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 10).

Page 8

 
Don Ruffles Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

4.


Intangible assets




Company Website

£



Cost


At 1 June 2023
56,288



At 31 May 2024

56,288



Amortisation


At 1 June 2023
47,942


Charge for the year on owned assets
3,927



At 31 May 2024

51,869



Net book value



At 31 May 2024
4,419



At 31 May 2023
8,346




5.


Tangible fixed assets





Fixtures and fittings
Computer and office equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
3,692
8,480
12,172


Additions
5,167
-
5,167



At 31 May 2024

8,859
8,480
17,339



Depreciation


At 1 June 2023
1,289
5,399
6,688


Charge for the year on owned assets
886
1,416
2,302



At 31 May 2024

2,175
6,815
8,990



Net book value



At 31 May 2024
6,684
1,665
8,349



At 31 May 2023
2,403
3,081
5,484

Page 9

 
Don Ruffles Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
102,866
95,353

102,866
95,353



7.


Debtors

2024
2023
£
£


Trade debtors
61,887
97,093

Amounts owed by group undertakings
80
80

Amounts owed by related Company
721,379
698,623

Other debtors
279
-

Prepayments and accrued income
2,894
3,319

786,519
799,115



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
284,227
251,218

284,227
251,218



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,212
9,957

Trade creditors
500,143
400,138

Corporation tax
10,946
13,381

Other taxation and social security
5,614
25,134

Other creditors
23,023
22,831

Accruals and deferred income
21,201
29,928

571,139
501,369


Page 10

 
Don Ruffles Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,237
22,450

12,237
22,450



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,212
9,957


10,212
9,957

Amounts falling due 1-2 years

Bank loans
11,352
10,213


11,352
10,213

Amounts falling due 2-5 years

Bank loans
885
12,237


885
12,237


22,449
32,407



12.


Deferred taxation




2024


£






At beginning of year
(1,371)


Charged to profit or loss
180



At end of year
(1,191)

Page 11

 
Don Ruffles Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024
 
12.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,191)
(1,371)

(1,191)
(1,371)


13.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £45,304 (2023 - £3,938). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in Creditors.


14.


Related party transactions

Dividends totalling £72,000 (2023 - £93,000) were paid to the Company's parent company, The OPS Group Limited whose share capital is 100%-owned by two of the Directors of Don Ruffles Limited (Note 17).
During the year, the Company paid various expenses on behalf of two Directors of the Company. The balance owed by the Directors to the Company at the year end was £Nil (2023 - £Nil). 
Also during the year, the Company paid expenses totalling £736 (2023 - £653) on behalf of KN1 Property Ltd, whose share capital is 100%-owned by two of the Directors of Don Ruffles Limited.  The balance owed to the Company by KN1 Property Ltd at the year end was £721,379 (2023 - £698,623), this amount is included in Other Debtors (Note 8).


15.


Controlling party

The Company was controlled throughout the current year by Directors Mr M P Knight and Mrs T K Knight by virtue of the fact that between them they own 100% of the issued ordinary share capital in The OPS Group Limited (company registration number 03570870), incorporated in England and Wales, registered office address 5 The Mount Drive, Reigate, Surrey, RH2 0EZ ), the Company's parent and ultimate parent company.
The OPS Group Limited is the ultimate parent and controlling party by virtue of its ownership of 100% of the issued share capital in the Company.
The OPS Group Limited is the parent undertaking of a small group and as such is not required by the
Companies Act 2006 to prepare group accounts.


Page 12