Company registration number 07079843 (England and Wales)
RUTHERFORD & PARTNERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
RUTHERFORD & PARTNERS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RUTHERFORD & PARTNERS LIMITED (REGISTERED NUMBER: 07079843)
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
340,102
318,531
Current assets
Debtors
4
194,651
218,263
Cash at bank and in hand
470,904
554,457
665,555
772,720
Creditors: amounts falling due within one year
5
(14,699)
(22,163)
Net current assets
650,856
750,557
Total assets less current liabilities
990,958
1,069,088
Provisions for liabilities
(997)
(1,541)
Net assets
989,961
1,067,547
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
989,861
1,067,447
Total equity
989,961
1,067,547
For the financial year ended 30 November 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 20 August 2025 and are signed on its behalf by:
A Rutherford
Director
RUTHERFORD & PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information
Rutherford & Partners Limited is a private company limited by shares incorporated in England and Wales. The registered office is Monks, Summerhill, Goudhurst, Cranbrook, Kent, United Kingdom, TN17 1JT.
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 £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.
Turnover 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 turnover 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
1.4
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:
Land and buildings Freehold
No depreciation provided
Plant and machinery
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
25% on straight line
RUTHERFORD & PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 3 -
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.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
£
Cost
At 1 December 2023
311,313
38,408
8,785
1,957
360,463
Additions
23,537
23,537
At 30 November 2024
334,850
38,408
8,785
1,957
384,000
Depreciation and impairment
At 1 December 2023
33,355
7,731
846
41,932
Depreciation charged in the year
1,263
262
441
1,966
At 30 November 2024
34,618
7,993
1,287
43,898
Carrying amount
At 30 November 2024
334,850
3,790
792
670
340,102
At 30 November 2023
311,313
5,053
1,054
1,111
318,531
RUTHERFORD & PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
15,139
Other debtors
179,512
218,263
194,651
218,263
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,200
Taxation and social security
8,109
20,079
Other creditors
2,390
2,084
14,699
22,163
6
Directors' transactions
Included within other debtors is an overdrawn directors' loan account balance of £130,588 (2023; £149,613). Interest has been charged at the HMRC official rate of interest.