Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseshopfitters and office refurbishers4341falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02672506 2024-04-01 2025-03-31 02672506 2023-04-01 2024-03-31 02672506 2025-03-31 02672506 2024-03-31 02672506 2023-04-01 02672506 c:Director2 2024-04-01 2025-03-31 02672506 d:Buildings 2024-04-01 2025-03-31 02672506 d:Buildings 2025-03-31 02672506 d:Buildings 2024-03-31 02672506 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02672506 d:Buildings d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02672506 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 02672506 d:PlantMachinery 2024-04-01 2025-03-31 02672506 d:MotorVehicles 2024-04-01 2025-03-31 02672506 d:FurnitureFittings 2024-04-01 2025-03-31 02672506 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 02672506 d:OtherPropertyPlantEquipment 2025-03-31 02672506 d:OtherPropertyPlantEquipment 2024-03-31 02672506 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02672506 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02672506 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02672506 d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02672506 d:CurrentFinancialInstruments 2025-03-31 02672506 d:CurrentFinancialInstruments 2024-03-31 02672506 d:Non-currentFinancialInstruments 2025-03-31 02672506 d:Non-currentFinancialInstruments 2024-03-31 02672506 d:Non-currentFinancialInstruments 1 2025-03-31 02672506 d:Non-currentFinancialInstruments 1 2024-03-31 02672506 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 02672506 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02672506 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 02672506 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02672506 d:ShareCapital 2025-03-31 02672506 d:ShareCapital 2024-03-31 02672506 d:RetainedEarningsAccumulatedLosses 2025-03-31 02672506 d:RetainedEarningsAccumulatedLosses 2024-03-31 02672506 c:FRS102 2024-04-01 2025-03-31 02672506 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02672506 c:FullAccounts 2024-04-01 2025-03-31 02672506 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02672506 d:HirePurchaseContracts d:WithinOneYear 2025-03-31 02672506 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 02672506 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-03-31 02672506 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 02672506 2 2024-04-01 2025-03-31 02672506 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 02672506 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02672506 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: 02672506






RUGGLES & JEFFERY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










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RUGGLES & JEFFERY LIMITED
REGISTERED NUMBER:02672506

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
224,859
182,893

  
224,859
182,893

Current assets
  

Stocks
 5 
22,395
60,349

Debtors: amounts falling due within one year
 6 
1,508,741
1,232,255

Cash at bank and in hand
 7 
2,838
2,958

  
1,533,974
1,295,562

Creditors: amounts falling due within one year
 8 
(1,014,543)
(994,959)

Net current assets
  
 
 
519,431
 
 
300,603

Total assets less current liabilities
  
744,290
483,496

Creditors: amounts falling due after more than one year
 9 
(42,951)
(38,966)

Provisions for liabilities
  

Deferred tax
 11 
(30,374)
(22,081)

  
 
 
(30,374)
 
 
(22,081)

Net assets
  
670,965
422,449


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
660,965
412,449

  
670,965
422,449

Page 1

 
RUGGLES & JEFFERY LIMITED
REGISTERED NUMBER:02672506
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




I H Jeffery
Director

Date: 22 July 2025

Page 2

 
RUGGLES & JEFFERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Ruggles & Jeffery Limited is a private company limited by shares, incorporated in England and Wales.
Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB. 
The principal activity of the company continued to be that of shopfitters and office refurbishers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
RUGGLES & JEFFERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
RUGGLES & JEFFERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
Over the term of the lease
Tools
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

  
2.11

Long-term contracts

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses.
Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
RUGGLES & JEFFERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 43 (2024 - 41).

Page 6

 
RUGGLES & JEFFERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 April 2024
110,561
380,831
491,392


Additions
-
82,993
82,993


Disposals
-
(12,010)
(12,010)



At 31 March 2025

110,561
451,814
562,375



Depreciation


At 1 April 2024
43,886
264,613
308,499


Charge for the year on owned assets
2,211
9,610
11,821


Charge for the year on financed assets
-
26,119
26,119


Disposals
-
(8,923)
(8,923)



At 31 March 2025

46,097
291,419
337,516



Net book value



At 31 March 2025
64,464
160,395
224,859



At 31 March 2024
66,675
116,218
182,893


5.


Stocks

2025
2024
£
£

Work in progress
22,395
60,349

22,395
60,349




Page 7

 
RUGGLES & JEFFERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
1,342,704
1,100,894

Amounts owed by group undertakings
25,904
-

Other debtors
220
22,774

Prepayments and accrued income
14,598
14,339

Amounts recoverable on long term contracts
125,315
94,248

1,508,741
1,232,255



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
2,838
2,958

Less: bank overdrafts
(371,601)
(245,085)

(368,763)
(242,127)


Page 8

 
RUGGLES & JEFFERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
371,601
245,085

Trade creditors
243,510
369,234

Amounts owed to group undertakings
-
29,906

Taxation and social security
242,354
229,829

Obligations under finance lease and hire purchase contracts
57,867
39,727

Other creditors
21,360
68,014

Accruals and deferred income
77,851
13,164

1,014,543
994,959


The following liabilities were secured:

2025
2024
£
£



Bank overdrafts
369,764
245,085

369,764
245,085

Details of security provided:

The bank overdraft is secured by a deposit agreement dated 7 November 2003, a debenture dated 9 December 2005 and an unlimited guarantee from Ruggles & Jeffery Holdings Limited dated April 1999.


9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
41,951
37,966

Share capital treated as debt
1,000
1,000

42,951
38,966


Page 9

 
RUGGLES & JEFFERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
54,906
44,321

Between 1-5 years
29,931
39,418

84,837
83,739


11.


Deferred taxation




2025
2024


£

£






At beginning of year
22,081
19,477


Charged to profit or loss
8,293
2,604



At end of year
30,374
22,081

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
30,374
22,081

30,374
22,081


12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £36,553 (2024: £44,967). Contributions totalling £9,260 (2024: £7,924) were payable to the fund at the balance sheet date.

 
Page 10