Company registration number 13302798 (England and Wales)
RORY SUTHERLAND LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 SEPTEMBER 2024
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
RORY SUTHERLAND LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
RORY SUTHERLAND LIMITED
BALANCE SHEET
AS AT 29 SEPTEMBER 2024
29 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,388
26,154
Current assets
Debtors
4
559
-
0
Cash at bank and in hand
24,159
9,471
24,718
9,471
Creditors: amounts falling due within one year
5
(18,595)
(9,715)
Net current assets/(liabilities)
6,123
(244)
Total assets less current liabilities
28,511
25,910
Creditors: amounts falling due after more than one year
6
(16,776)
(20,261)
Provisions for liabilities
(4,254)
(3,361)
Net assets
7,481
2,288
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
7,381
2,188
Total equity
7,481
2,288
RORY SUTHERLAND LIMITED
BALANCE SHEET (CONTINUED)
AS AT 29 SEPTEMBER 2024
29 September 2024
- 2 -

For the financial year ended 29 September 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 December 2024 and are signed on its behalf by:
Mr R H Sutherland
Rev S Sutherland
Director
Director
Company registration number 13302798 (England and Wales)
RORY SUTHERLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Rory Sutherland Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Brackley Close, Bournemouth International Airport, Christchurch, Dorset, BH23 6SE.

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.

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.

1.3
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.

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
Computers
3 year straight line
Motor vehicles
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.

1.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

1.5
Taxation

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

Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

RORY SUTHERLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

1.6
Retirement benefits

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

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

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

2024
2023
Number
Number
Total
3
2
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 30 September 2023
-
0
4,105
31,864
35,969
Additions
2,742
1,617
-
0
4,359
At 29 September 2024
2,742
5,722
31,864
40,328
Depreciation and impairment
At 30 September 2023
-
0
1,849
7,966
9,815
Depreciation charged in the year
571
1,579
5,975
8,125
At 29 September 2024
571
3,428
13,941
17,940
Carrying amount
At 29 September 2024
2,171
2,294
17,923
22,388
At 29 September 2023
-
0
2,256
23,898
26,154
RORY SUTHERLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
559
-
0
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
903
-
0
Other taxation and social security
755
-
0
Other creditors
16,937
9,715
18,595
9,715

Included within other creditors is a hire purchase balance of £3,485 (2023: £3,112), which is secured against the asset to which it relates.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
16,776
20,261

Included within other creditors is a hire purchase balance of £16,776 (2023: £20,261), which is secured against the asset to which it relates.

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