Michael Rutter Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06228971

Michael Rutter Limited

Filleted Unaudited Financial Statements

31 December 2024

Michael Rutter Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Officers and professional advisers	1

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3 to 4

Notes to the financial statements	5 to 8

Michael Rutter Limited

Officers and Professional Advisers

Director	Mr M Rutter

Company secretary	Mrs P Rutter

Registered office	3B Swallowfield Courtyard
	Wolverhampton Road
	Oldbury
	West Midlands
	B69 2JG

Accountants	BSN Associates Limited
	Chartered Accountants
	3B Swallowfield Courtyard
	Wolverhampton Road
	Oldbury
	West Midlands
	B69 2JG

Michael Rutter Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Michael Rutter Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Michael Rutter Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Michael Rutter Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Michael Rutter Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Michael Rutter Limited and its director for our work or for this report.

It is your duty to ensure that Michael Rutter Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Michael Rutter Limited. You consider that Michael Rutter Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Michael Rutter Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BSN Associates Limited Chartered Accountants

3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG

2 September 2025

Michael Rutter Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		61,644	69,705

Current assets

Debtors	6	10,420	16,976
Cash at bank and in hand		184,275	23,055
		---------	--------
		194,695	40,031

Creditors: amounts falling due within one year	7	212,641		30,131
		---------		--------
Net current (liabilities)/assets			( 17,946)	9,900
			--------	--------
Total assets less current liabilities			43,698	79,605

Provisions

Taxation including deferred tax	8,682	10,878
	--------	--------
Net assets	35,016	68,727
	--------	--------

Michael Rutter Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	8	100	100
Profit and loss account	9	34,916	68,627
		--------	--------
Shareholder funds		35,016	68,727
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 September 2025 , and are signed on behalf of the board by:

Mr M Rutter
Director

Company registration number: 06228971

Michael Rutter Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3B Swallowfield Courtyard, Wolverhampton Road, Oldbury, West Midlands, B69 2JG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1A.7 of FRS 102: - No cash flow statement has been presented for the company. - Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant adjustments or estimates have been made in the preparation of these accounts.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax. Contract monies for riding are recognised over the period they relate to and prize, bonus and appearance monies are recognised when they have been earned under the terms of the contract.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and 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.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	20% straight line
Plant & machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	33% straight line

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	33,453	69,340	68,660	18,113	189,566
Additions	10,750	–	–	1,304	12,054
Disposals	–	( 12,000)	–	–	( 12,000)
	--------	--------	--------	--------	---------
At 31 December 2024	44,203	57,340	68,660	19,417	189,620
	--------	--------	--------	--------	---------
Depreciation
At 1 January 2024	17,608	55,139	31,170	15,944	119,861
Charge for the year	5,184	3,542	9,372	1,965	20,063
Disposals	–	( 11,948)	–	–	( 11,948)
	--------	--------	--------	--------	---------
At 31 December 2024	22,792	46,733	40,542	17,909	127,976
	--------	--------	--------	--------	---------
Carrying amount
At 31 December 2024	21,411	10,607	28,118	1,508	61,644
	--------	--------	--------	--------	---------
At 31 December 2023	15,845	14,201	37,490	2,169	69,705
	--------	--------	--------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	–	16,000
Prepayments and accrued income	1,029	976
Other debtors	9,391	–
	--------	--------
	10,420	16,976
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	1,533	1,512
Accruals and deferred income	190,000	–
Corporation tax	1,248	–
Social security and other taxes	–	1,293
Director loan accounts	17,076	24,542
Other creditors	2,784	2,784
	---------	--------
	212,641	30,131
	---------	--------

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Reserves

The company maintains the following reserves: Profit and loss account - This reserve records retained earnings and accumulated losses.

10. Related party transactions

At the year end the company owed £2,784 (2023: £2,784) to Michael Rutter Racing Limited a company under the control of Mr M Rutter .

11. Controlling party

The company was under the control of Mr M Rutter throughout the current and previous year.