Registered number
04898779
A W Rushen Building Services Limited
Filleted Accounts
30 September 2024
A W Rushen Building Services Limited
Registered number: 04898779
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 13,177 16,729
Current assets
Debtors 3 69,973 123,403
Investments held as current assets 4 78,158 66,169
Cash at bank and in hand 342,021 426,349
490,152 615,921
Creditors: amounts falling due within one year 5 (173,329) (234,075)
Net current assets 316,823 381,846
Total assets less current liabilities 330,000 398,575
Provisions for liabilities (3,294) (4,182)
Net assets 326,706 394,393
Capital and reserves
Called up share capital 1 1
Profit and loss account 326,705 394,392
Shareholder's funds 326,706 394,393
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Anthony W Rushen
Director
Approved by the board on 7 May 2025
A W Rushen Building Services Limited
Notes to the Accounts
for the year ended 30 September 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25 % on a reducing balance basis
Furniture and equipment 25 % on a reducing balance basis
Motor Vehicles 25 % on a reducing balance basis
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 16,480 69,807
Work In Progress 52,822 52,822
Other debtors 671 774
69,973 123,403
4 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 78,158 66,169
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 11,989 4,169
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director's Loan 163,068 157,455
Trade creditors 5,110 19,604
Taxation and social security costs 3,000 52,685
Other creditors 2,151 4,331
173,329 234,075
6 Other information
A W Rushen Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Crowhurst Farmhouse
Crowhurst Lane
Borough Green
Kent
TN15 8PE
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