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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
Page
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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
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Rusev Care Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
89,996 
99,996 
Tangible assets
684,590 
460,269 
774,586 
560,265 
Current assets
Debtors
- 
2,780 
Cash at bank and in hand
29,174 
2,268 
29,174 
5,048 
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 
Capital and reserves
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
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Rusev Care Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
2% NBV
Plant & machinery
Straight line 4 years
Motor vehicles
Straight line 4 years
Computer equipment
Straight line 3 years
Intangible fixed assets
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 
£ 
Cost
At 1 November 2023
99,996 
At 31 October 2024
99,996 
Amortisation
At 1 November 2023
- 
Charge for the year
10,000 
At 31 October 2024
10,000 
Net book value
At 31 October 2024
89,996 
At 31 October 2023
99,996 
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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 
Depreciation
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 
Net book value
At 31 October 2024
676,200 
352 
7,833 
205 
684,590 
At 31 October 2023
453,241 
469 
6,149 
410 
460,269 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
2,780 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,241 
- 
Trade creditors
3,027 
- 
Taxes and social security
43,240 
13,979 
Loans from directors
(154)
- 
54,354 
13,979 
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 
200,606 
328,835 
9
Average number of employees
During the year the average number of employees was 16 (2023: 19).
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