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REGISTERED NUMBER: 12185939 (England and Wales)
























REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

RURAL ACCOUNTANTS LTD

RURAL ACCOUNTANTS LTD (REGISTERED NUMBER: 12185939)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Abridged Balance Sheet 4

Notes to the Financial Statements 6


RURAL ACCOUNTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 June 2024







DIRECTORS: I M Hayes
W N Skinner
J A Brough





REGISTERED OFFICE: Derwent House
141-145 Dale Road
Matlock
Derbyshire
DE4 3LU





REGISTERED NUMBER: 12185939 (England and Wales)






RURAL ACCOUNTANTS LTD (REGISTERED NUMBER: 12185939)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

I M Hayes
W N Skinner
J A Brough

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





W N Skinner - Director


28 March 2025

RURAL ACCOUNTANTS LTD (REGISTERED NUMBER: 12185939)

INCOME STATEMENT
FOR THE YEAR ENDED 30 June 2024

30.6.24 30.6.23
Notes £    £   

TURNOVER 1,184,632 1,192,873

Cost of sales 13,997 13,045
GROSS PROFIT 1,170,635 1,179,828

Administrative expenses 909,204 902,290
OPERATING PROFIT 4 261,431 277,538

Interest receivable and similar income 372 70
261,803 277,608

Interest payable and similar expenses 5,546 9,042
PROFIT BEFORE TAXATION 256,257 268,566

Tax on profit 63,065 58,186
PROFIT FOR THE FINANCIAL YEAR 193,192 210,380

RURAL ACCOUNTANTS LTD (REGISTERED NUMBER: 12185939)

ABRIDGED BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,080,506 1,080,506
Tangible assets 6 16,198 19,260
1,096,704 1,099,766

CURRENT ASSETS
Stocks 227,989 229,250
Debtors 146,097 224,309
Cash at bank and in hand 53,436 22,997
427,522 476,556
CREDITORS
Amounts falling due within one year 408,007 453,682
NET CURRENT ASSETS 19,515 22,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,116,219

1,122,640

CREDITORS
Amounts falling due after more than one
year

(702,006

)

(813,554

)

PROVISIONS FOR LIABILITIES (4,050 ) (4,815 )
NET ASSETS 410,163 304,271

CAPITAL AND RESERVES
Called up share capital 124 124
Retained earnings 410,039 304,147
SHAREHOLDERS' FUNDS 410,163 304,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

RURAL ACCOUNTANTS LTD (REGISTERED NUMBER: 12185939)

ABRIDGED BALANCE SHEET - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:




I M Hayes - Director



W N Skinner - Director


RURAL ACCOUNTANTS LTD (REGISTERED NUMBER: 12185939)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024

1. STATUTORY INFORMATION

Rural Accountants Ltd 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.

Goodwill
Goodwill is subject to an annual impairment review by the directors. If this impairment review indicates that the carrying value of the goodwill is less than the balance sheet value, the diminution the value of goodwill will be charged to the profit and loss account in the year in which the diminution occurs.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

RURAL ACCOUNTANTS LTD (REGISTERED NUMBER: 12185939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30.6.24 30.6.23
£    £   
Depreciation - owned assets 10,708 13,707

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 1,080,506
NET BOOK VALUE

At 30 June 2024 1,080,506
At 30 June 2023 1,080,506

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 56,439
Additions 7,646
At 30 June 2024 64,085
DEPRECIATION
At 1 July 2023 37,179
Charge for year 10,708
At 30 June 2024 47,887
NET BOOK VALUE
At 30 June 2024 16,198
At 30 June 2023 19,260