Company Registration No. 05911528 (England and Wales)
Rusty Will Limited
Unaudited accounts
for the year ended 31 August 2025
Rusty Will Limited
Unaudited accounts
Contents
Rusty Will Limited
Company Information
for the year ended 31 August 2025
Directors
Russell Newnham
William Downer
Company Number
05911528 (England and Wales)
Registered Office
31 Orchard Street
Newport
Isle of Wight
PO30 1JZ
Accountants
Vision Accounting
Fortis House
Cothey Way
Ryde
Isle of Wight
PO33 1QT
Rusty Will Limited
Statement of financial position
as at 31 August 2025
Tangible assets
5,250
4,750
Inventories
153,980
117,266
Cash at bank and in hand
76,413
33,332
Creditors: amounts falling due within one year
(101,748)
(28,971)
Net current assets
169,449
146,926
Total assets less current liabilities
174,699
151,676
Creditors: amounts falling due after more than one year
(11,660)
(21,713)
Net assets
163,039
129,963
Called up share capital
100
100
Profit and loss account
162,939
129,863
Shareholders' funds
163,039
129,963
For the year ending 31 August 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by
William Downer
Director
Company Registration No. 05911528
Rusty Will Limited
Notes to the Accounts
for the year ended 31 August 2025
Rusty Will Limited is a private company, limited by shares, registered in England and Wales, registration number 05911528. The registered office is 31 Orchard Street, Newport, Isle of Wight, PO30 1JZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 20%
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
At 1 September 2024
38,082
At 1 September 2024
33,332
Rusty Will Limited
Notes to the Accounts
for the year ended 31 August 2025
Amounts falling due within one year
Trade debtors
40,804
14,128
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
74,666
11,786
Taxes and social security
7,848
-
Loans from directors
10,334
7,312
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).