Company Registration No. 12659169 (England and Wales)
Rutty Sark Limited
Unaudited accounts
for the year ended 30 June 2024
Rutty Sark Limited
Unaudited accounts
Contents
Rutty Sark Limited
Company Information
for the year ended 30 June 2024
Company Number
12659169 (England and Wales)
Registered Office
14 Manor Road
Hastings
East Sussex
TN34 3LL
United Kingdom
Accountants
RDM Accountancy Services Ltd
Freedom Works
The Palace Workspace
1-3 Robertson Street
Hastings
East Sussex
TN34 1HN
Rutty Sark Limited
Statement of financial position
as at 30 June 2024
Tangible assets
4,441
6,093
Cash at bank and in hand
476
365
Creditors: amounts falling due within one year
(28,053)
(24,225)
Net current liabilities
(23,604)
(22,059)
Total assets less current liabilities
(19,163)
(15,966)
Creditors: amounts falling due after more than one year
(570)
(868)
Net liabilities
(19,733)
(16,834)
Called up share capital
1
1
Profit and loss account
(19,734)
(16,835)
Shareholders' funds
(19,733)
(16,834)
For the year ending 30 June 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 March 2025 and were signed on its behalf by
Rachel Rutty
Director
Company Registration No. 12659169
Rutty Sark Limited
Notes to the Accounts
for the year ended 30 June 2024
Rutty Sark Limited is a private company, limited by shares, registered in England and Wales, registration number 12659169. The registered office is 14 Manor Road, Hastings, East Sussex, TN34 3LL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Computer equipment
25% Reducing Balance
These accounts have been prepared on a going concern basis notwithstanding the net liability shown on the balance sheet.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Basic financial instruments are recognised at amortised cost
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Rutty Sark Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
2,456
4,000
3,686
10,142
At 30 June 2024
2,665
4,000
3,686
10,351
At 1 July 2023
1,338
867
1,844
4,049
Charge for the year
684
678
499
1,861
At 30 June 2024
2,022
1,545
2,343
5,910
At 30 June 2024
643
2,455
1,343
4,441
At 30 June 2023
1,118
3,133
1,842
6,093
Amounts falling due within one year
Accrued income and prepayments
147
519
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
298
608
Taxes and social security
1,835
2,082
Loans from directors
23,154
20,056
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
570
868
8
Average number of employees
During the year the average number of employees was 6 (2023: 4).