REGISTERED NUMBER: 03941558 (England and Wales)

Unaudited Financial Statements

for the Period 1 July 2023 to 31 December 2024

for

D.k. Rumsby & Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Robert John Buckby

Mr Philip Michael Rumsby

REGISTERED OFFICE:

3 Colwick Quays Business Park

Colwick

Nottingham

Nottinghamshire

NG4 2JY

REGISTERED NUMBER:

03941558 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Intangible assets

4

850,000

1,500,000

Tangible assets

5

30,033

43,707

880,033

1,543,707

CURRENT ASSETS

Debtors

6

638,016

556,750

Cash in hand

438

327

638,454

557,077

CREDITORS

Amounts falling due within one year

7

(219,328

)

(248,810

)

NET CURRENT ASSETS

419,126

308,267

TOTAL ASSETS LESS CURRENT LIABILITIES

1,299,159

1,851,974

CREDITORS

Amounts falling due after more than one year

8

(15,004

)

(43,919

)

PROVISIONS FOR LIABILITIES

(7,508

)

(10,927

)

NET ASSETS

1,276,647

1,797,128

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Revaluation reserve

10

387,722

1,037,722

Retained earnings

887,925

758,406

SHAREHOLDERS' FUNDS

1,276,647

1,797,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

Mr Robert John Buckby - Director

1.	STATUTORY INFORMATION

D.k. Rumsby & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of services, adjusted for work in progress, excluding value added tax.

Goodwill

Goodwill comprises the amount paid in connection with the incorporation of a business in 2000 and the acquisition of a business in 2018. Up to 2018 goodwill had been amortised evenly over its estimated useful life of 20 years. In 2018 the directors consider the goodwill to now be in excess of the amount paid and it has subsequently been re-valued as at 30th June 2018 to an amount deemed appropriate by the directors. This value will be assessed by the directors on an annual basis and any change in net book value will be adjusted accordingly.

This policy represents a departure from statutory accounting principles, which require amortisation to be provided on all intangible assets. By making the departure, the directors consider the financial statements give a true and fair view and subject to this departure, the financial statements comply with accounting standards and applicable legislation.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST OR VALUATION

At 1 July 2023

1,500,000

Revaluations

(650,000

)

At 31 December 2024

850,000

NET BOOK VALUE

At 31 December 2024

850,000

At 30 June 2023

1,500,000

Cost or valuation at 31 December 2024 is represented by:

Goodwill

£

Valuation in 2016

470,000

Valuation in 2018

200,000

Valuation in 2019

367,722

Valuation in 2024

(650,000

)

Cost

462,278

850,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2023

23,383

86,195

109,578

Additions

-

3,232

3,232

Disposals

-

(33,163

)

(33,163

)

At 31 December 2024

23,383

56,264

79,647

DEPRECIATION

At 1 July 2023

13,906

51,965

65,871

Charge for period

3,072

7,552

10,624

Eliminated on disposal

-

(26,881

)

(26,881

)

At 31 December 2024

16,978

32,636

49,614

NET BOOK VALUE

At 31 December 2024

6,405

23,628

30,033

At 30 June 2023

9,477

34,230

43,707

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.6.23

£

£

Trade debtors

133,120

196,903

Amounts owed by group undertakings

488,844

299,598

Other debtors

16,052

60,249

638,016

556,750

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.6.23

£

£

Bank loans and overdrafts

42,002

59,214

Trade creditors

23,847

72,937

Taxation and social security

151,719

115,441

Other creditors

1,760

1,218

219,328

248,810

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

30.6.23

£

£

Bank loans

15,004

43,919

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

30.6.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.

RESERVES

Revaluation

reserve

£

At 1 July 2023

1,037,722

Revaluation of goodwill

(650,000

)

At 31 December 2024

387,722