John Rush Electrical Limited
Registered number: 12795768
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 708 708
Current assets
Debtors 4 1,446 1,446
Cash at bank and in hand 2,938 15,479
4,384 16,925
Creditors: amounts falling due within one year 5 (4,238) (13,064)
Net current assets 146 3,861
Net assets 854 4,569
Capital and reserves
Called up share capital 1 1
Profit and loss account 853 4,568
Shareholders' funds 854 4,569
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J.R. Rush
Director
Approved by the board on 1 April 2025
John Rush Electrical Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 708
At 31 August 2024 708
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 708
At 31 August 2023 708
4 Debtors 2024 2023
£ £
Other debtors 1,446 1,446
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 9,946 10,042
Other creditors (5,708) 3,022
4,238 13,064
6 Other information
John Rush Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
Holly House
220 New London Road
Chelmsford
CM2 9AE
John Rush Electrical Limited 12795768 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2024 J.R. Rush No description of principal activity 12795768 2022-09-01 2023-08-31 12795768 core:WithinOneYear 2023-08-31 12795768 core:ShareCapital 2023-08-31 12795768 core:RetainedEarningsAccumulatedLosses 2023-08-31 12795768 2023-09-01 2024-08-31 12795768 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12795768 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12795768 bus:Director40 2023-09-01 2024-08-31 12795768 1 2023-09-01 2024-08-31 12795768 2 2023-09-01 2024-08-31 12795768 countries:England 2023-09-01 2024-08-31 12795768 bus:FRS102 2023-09-01 2024-08-31 12795768 bus:FilletedAccounts 2023-09-01 2024-08-31 12795768 2024-08-31 12795768 core:WithinOneYear 2024-08-31 12795768 core:ShareCapital 2024-08-31 12795768 core:RetainedEarningsAccumulatedLosses 2024-08-31 12795768 core:PlantMachinery 2024-08-31 12795768 2023-08-31 12795768 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure