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REGISTERED NUMBER: 08309347 (England and Wales)















Financial Statements for the Year Ended 31 January 2025

for

Rushforth Engineering Limited

Rushforth Engineering Limited (Registered number: 08309347)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rushforth Engineering Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: N Kemp
Ms R G Smith
S Hircock





REGISTERED OFFICE: Unit 3, Westfield Industrial Estate
Kirk Lane
Yeadon
Leeds
LS19 7LX





REGISTERED NUMBER: 08309347 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Rushforth Engineering Limited (Registered number: 08309347)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204,321 237,107

CURRENT ASSETS
Stocks 5,445 10,247
Debtors 5 138,665 109,462
Cash at bank and in hand 221,178 263,452
365,288 383,161
CREDITORS
Amounts falling due within one year 6 166,513 178,500
NET CURRENT ASSETS 198,775 204,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,096

441,768

CREDITORS
Amounts falling due after more than one year 7 (83,173 ) (116,306 )

PROVISIONS FOR LIABILITIES (22,330 ) (30,214 )
NET ASSETS 297,593 295,248

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 297,493 295,148
297,593 295,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Rushforth Engineering Limited (Registered number: 08309347)

Balance Sheet - continued
31 January 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





N Kemp - Director


Rushforth Engineering Limited (Registered number: 08309347)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Rushforth Engineering Limited 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.
Freehold property - 2% on cost
Plant and machinery - 33% on reducing balance and 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Rushforth Engineering Limited (Registered number: 08309347)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024
and 31 January 2025 125,000 398,862 31,715 3,211 558,788
DEPRECIATION
At 1 February 2024 8,750 293,525 18,336 1,070 321,681
Charge for year 1,250 27,121 3,344 1,071 32,786
At 31 January 2025 10,000 320,646 21,680 2,141 354,467
NET BOOK VALUE
At 31 January 2025 115,000 78,216 10,035 1,070 204,321
At 31 January 2024 116,250 105,337 13,379 2,141 237,107

Net book value of assets held under hire purchase contracts is £80,781 (2024 £107,708).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 128,476 107,393
Other debtors 10,189 2,069
138,665 109,462

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 4,481 4,356
Hire purchase contracts 23,464 34,554
Trade creditors 22,045 25,189
Taxation and social security 81,252 72,232
Other creditors 35,271 42,169
166,513 178,500

Rushforth Engineering Limited (Registered number: 08309347)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 24,505 34,173
Hire purchase contracts 58,668 82,133
83,173 116,306

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,579 16,749

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 28,986 38,529

Barclays Bank plc hold a fixed and floating charge over the property and undertakings of the company. Contains a negative pledge.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
N Kemp and Ms R G Smith
Balance outstanding at start of year (8,787 ) (10,062 )
Amounts advanced 99,314 83,275
Amounts repaid (82,000 ) (82,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,527 (8,787 )