Rubicon Computer Systems Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01240006

Rubicon Computer Systems Limited

Unaudited financial statements

31 December 2024

Rubicon Computer Systems Limited

Statement of financial position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		677,739		709,737

Current assets

Debtors	6	200,292	226,078
Cash at bank and in hand		305,058	718,452
		---------	---------
		505,350	944,530

Creditors: Amounts falling due within one year	7	( 148,182)		( 310,249)
		---------		---------
Net current assets			357,168		634,281
			-----------		-----------
Total assets less current liabilities			1,034,907		1,344,018

Creditors: Amounts falling due after more than one year	8		( 15,027)		( 39,657)

Provisions

Taxation including deferred tax	( 925)	( 3,682)
	-----------	-----------
Net assets	1,018,955	1,300,679
	-----------	-----------

Capital and reserves

Called up share capital	500	500
Revaluation reserve	300,380	324,285
Capital redemption reserve	500	500
Profit and loss account	717,575	975,394
	-----------	-----------
Shareholders funds	1,018,955	1,300,679
	-----------	-----------

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 comprehensive income 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.

Directors' responsibilities:

- 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 Act with respect to accounting records and the preparation of financial statements .

Rubicon Computer Systems Limited

Statement of financial position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

M D Sleet

Director

Company registration number: 01240006

Rubicon Computer Systems 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 Rubicon House, Lamdin Road, Bury St Edmunds, Suffolk, IP32 6NU.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Freehold property	-	2% reducing balance
Technical equipment	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of employees during the year was 20 (2023: 20 ).

5. Tangible assets

	Freehold property	Technical equipment	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	675,000	294,536	123,458	119,053	1,212,047
Additions	–	4,437	5,598	–	10,035
	---------	---------	---------	---------	-----------
At 31 December 2024	675,000	298,973	129,056	119,053	1,222,082
	---------	---------	---------	---------	-----------
Depreciation
At 1 January 2024	83,423	269,357	107,573	41,957	502,310
Charge for the year	11,832	6,606	4,321	19,274	42,033
	---------	---------	---------	---------	-----------
At 31 December 2024	95,255	275,963	111,894	61,231	544,343
	---------	---------	---------	---------	-----------
Carrying amount
At 31 December 2024	579,745	23,010	17,162	57,822	677,739
	---------	---------	---------	---------	-----------
At 31 December 2023	591,577	25,179	15,885	77,096	709,737
	---------	---------	---------	---------	-----------

Tangible assets held at valuation

The directors have revalued the freehold property based on the open market value as at 31 December 2024.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 31 December 2024
Aggregate cost	279,365
Aggregate depreciation	(121,509)
	---------
Carrying value	157,856
	---------

At 31 December 2023
Aggregate cost	279,365
Aggregate depreciation	(121,509)
	---------
Carrying value	157,856
	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	189,191	216,498
Other debtors	11,101	9,580
	---------	---------
	200,292	226,078
	---------	---------

7. Creditors: Amounts falling due within one year

	2024	2023
	£	£
Trade creditors	11,971	25,740
Social security and other taxes	95,750	246,247
Other creditors	40,461	38,262
	---------	---------
	148,182	310,249
	---------	---------

Obligations under hire purchase agreements being £16,383 (2023: £8,812) are secured on the assets concerned.

8. Creditors: Amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	15,027	39,657
	-------	-------

Obligations under hire purchase agreements being £15,027 (2023: £39,657) are secured on the assets concerned.