Company registration number SC419016 (Scotland)
RUD SAWERS ARCHITECTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
RUD SAWERS ARCHITECTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
RUD SAWERS ARCHITECTS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
13,898
15,825
Current assets
Debtors
5
102,910
74,498
Cash at bank and in hand
317,683
347,984
420,593
422,482
Creditors: amounts falling due within one year
Loans and overdrafts
4,124
-
0
Taxation and social security
12,666
23,766
Other creditors
5,058
3,000
21,848
26,766
Net current assets
398,745
395,716
Total assets less current liabilities
412,643
411,541
Provisions for liabilities
(2,870)
3,595
Net assets
409,773
415,136
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
409,673
415,036
Total equity
409,773
415,136
RUD SAWERS ARCHITECTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 March 2025
Mr RJ Sawers
Director
Company registration number SC419016 (Scotland)
RUD SAWERS ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Rud Sawers Architects Limited is a private company limited by shares incorporated in Scotland. The registered office is Castleblair Works, Inglis Lane, Dunfermline, Fife, Scotland, KY12 9DP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

RUD SAWERS ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing balance
Fixtures and fittings
20% Reducing balance
Computers
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

RUD SAWERS ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
100,000
Amortisation and impairment
At 1 July 2023 and 30 June 2024
100,000
Carrying amount
At 30 June 2024
-
0
At 30 June 2023
-
0
RUD SAWERS ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 July 2023
3,573
34,791
20,451
58,815
Additions
-
0
-
0
1,562
1,562
At 30 June 2024
3,573
34,791
22,013
60,377
Depreciation and impairment
At 1 July 2023
3,370
24,054
15,566
42,990
Depreciation charged in the year
52
2,147
1,290
3,489
At 30 June 2024
3,422
26,201
16,856
46,479
Carrying amount
At 30 June 2024
151
8,590
5,157
13,898
At 30 June 2023
203
10,737
4,885
15,825
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,729
20,610
Corporation tax recoverable
3,542
-
0
Other debtors
96,639
53,888
102,910
74,498
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,124
-
0
Corporation tax
6,462
15,543
Other taxation and social security
6,204
8,223
Other creditors
5,058
3,000
21,848
26,766
7
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Directors loan balance
2.25
50,942
110,416
1,458
(92,868)
69,948
RUD SAWERS ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
7
Directors' transactions
(Continued)
- 7 -
50,942
110,416
1,458
(92,868)
69,948
2024-06-302023-07-01falsefalsefalse21 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr R J SawersSC4190162023-07-012024-06-30SC4190162024-06-30SC4190162023-06-30SC419016core:PlantMachinery2024-06-30SC419016core:FurnitureFittings2024-06-30SC419016core:ComputerEquipment2024-06-30SC419016core:PlantMachinery2023-06-30SC419016core:FurnitureFittings2023-06-30SC419016core:ComputerEquipment2023-06-30SC419016core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-30SC419016core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-30SC419016core:CurrentFinancialInstruments2024-06-30SC419016core:CurrentFinancialInstruments2023-06-30SC419016core:ShareCapital2024-06-30SC419016core:ShareCapital2023-06-30SC419016core:RetainedEarningsAccumulatedLosses2024-06-30SC419016core:RetainedEarningsAccumulatedLosses2023-06-30SC419016bus:Director12023-07-012024-06-30SC419016core:Goodwill2023-07-012024-06-30SC419016core:PlantMachinery2023-07-012024-06-30SC419016core:FurnitureFittings2023-07-012024-06-30SC419016core:ComputerEquipment2023-07-012024-06-30SC4190162022-07-012023-06-30SC419016core:NetGoodwill2023-06-30SC419016core:NetGoodwill2024-06-30SC419016core:NetGoodwill2023-06-30SC419016core:PlantMachinery2023-06-30SC419016core:FurnitureFittings2023-06-30SC419016core:ComputerEquipment2023-06-30SC4190162023-06-30SC419016core:WithinOneYear2024-06-30SC419016core:WithinOneYear2023-06-30SC419016bus:PrivateLimitedCompanyLtd2023-07-012024-06-30SC419016bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC419016bus:FRS1022023-07-012024-06-30SC419016bus:AuditExemptWithAccountantsReport2023-07-012024-06-30SC419016bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP