Company Registration No. 11605938 (England and Wales)
Rusev Care Limited
Unaudited accounts
for the year ended 31 October 2024
Rusev Care Limited
Unaudited accounts
Contents
Rusev Care Limited
Company Information
for the year ended 31 October 2024
Directors
Rosen Rusev
Tsenka Ruseva
Company Number
11605938 (England and Wales)
Registered Office
25 PEMBROKE ROAD
HAVERFORDWEST
SIR BENFRO
SA61 1JW
WALES
Rusev Care Limited
Statement of financial position
as at 31 October 2024
Intangible assets
89,996
99,996
Tangible assets
684,590
460,269
Cash at bank and in hand
29,174
2,268
Creditors: amounts falling due within one year
(54,354)
(13,979)
Net current liabilities
(25,180)
(8,931)
Total assets less current liabilities
749,406
551,334
Creditors: amounts falling due after more than one year
(200,606)
(328,835)
Net assets
548,800
222,499
Called up share capital
3
3
Revaluation reserve
236,759
-
Profit and loss account
312,038
222,496
Shareholders' funds
548,800
222,499
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by
Rosen Rusev
Director
Company Registration No. 11605938
Rusev Care Limited
Notes to the Accounts
for the year ended 31 October 2024
Rusev Care Limited is a private company, limited by shares, registered in England and Wales, registration number 11605938. The registered office is 25 PEMBROKE ROAD, HAVERFORDWEST, SIR BENFRO, SA61 1JW, WALES.
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.
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
Straight line 4 years
Motor vehicles
Straight line 4 years
Computer equipment
Straight line 3 years
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity
recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.
Goodwill is amortised over its useful life, which shall not exceed 10 years if a reliable estimate of the useful life cannot be made.
4
Intangible fixed assets
Goodwill
Charge for the year
10,000
Rusev Care Limited
Notes to the Accounts
for the year ended 31 October 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At cost
At 1 November 2023
453,241
1,110
14,576
1,773
470,700
Additions
-
-
4,295
-
4,295
Revaluations
236,759
-
-
-
236,759
At 31 October 2024
690,000
1,110
18,871
1,773
711,754
At 1 November 2023
-
641
8,427
1,363
10,431
Charge for the year
13,800
117
2,611
205
16,733
At 31 October 2024
13,800
758
11,038
1,568
27,164
At 31 October 2024
676,200
352
7,833
205
684,590
At 31 October 2023
453,241
469
6,149
410
460,269
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,241
-
Taxes and social security
43,240
13,979
Loans from directors
(154)
-
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
198,884
323,333
Obligations under finance leases and hire purchase contracts
1,722
5,502
9
Average number of employees
During the year the average number of employees was 16 (2023: 19).