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Company Registration No. 09998092 (England and Wales)
Rustrick Accountants Limited Unaudited accounts for the year ended 31 March 2025
Rustrick Accountants Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Rustrick Accountants Limited Company Information for the year ended 31 March 2025
Directors
Mr S Rustrick Mr M Rustrick
Company Number
09998092 (England and Wales)
Registered Office
3 GREYSTONES ROAD BEARSTED MAIDSTONE KENT ME15 8PD UNITED KINGDOM
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
- 3 -
Rustrick Accountants Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
400,000
400,000
Tangible assets
5
4,528
5,698
404,528
405,698
Current assets
Inventories
6
86,250
89,810
Debtors
7
77,268
78,290
Cash at bank and in hand
33,045
14,184
196,563
182,284
Creditors: amounts falling due within one year
8
(107,761)
(104,522)
Net current assets
88,802
77,762
Total assets less current liabilities
493,330
483,460
Creditors: amounts falling due after more than one year
9
(5,039)
(11,121)
Provisions for liabilities
Deferred tax
(580)
(580)
Net assets
487,711
471,759
Capital and reserves
Called up share capital
10
100
100
Revaluation reserve
400,000
400,000
Profit and loss account
87,611
71,659
Shareholders' funds
487,711
471,759
For the year ending 31 March 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 4 November 2025 and were signed on its behalf by
Mr S Rustrick Director Company Registration No. 09998092
- 4 -
Rustrick Accountants Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Rustrick Accountants Limited is a private company, limited by shares, registered in England and Wales, registration number 09998092. The registered office is 3 GREYSTONES ROAD, BEARSTED, MAIDSTONE, KENT, ME15 8PD, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Rustrick Accountants Limited Notes to the Accounts for the year ended 31 March 2025
Inventories
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The company accounts have been prepared on a going concern basis.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
400,000
At 31 March 2025
400,000
Amortisation
At 1 April 2024
-
At 31 March 2025
-
Net book value
At 31 March 2025
400,000
At 31 March 2024
400,000
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Rustrick Accountants Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
24,361
8,401
1,398
34,160
Additions
-
339
-
339
At 31 March 2025
24,361
8,740
1,398
34,499
Depreciation
At 1 April 2024
23,082
4,906
474
28,462
Charge for the year
320
958
231
1,509
At 31 March 2025
23,402
5,864
705
29,971
Net book value
At 31 March 2025
959
2,876
693
4,528
At 31 March 2024
1,279
3,495
924
5,698
6
Inventories
2025
2024
£
£
Work in progress
86,250
89,810
86,250
89,810
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
73,793
74,815
Accrued income and prepayments
3,475
3,475
77,268
78,290
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,369
5,361
Taxes and social security
49,436
45,270
Other creditors
49,320
50,238
Loans from directors
-
17
Accruals
3,636
3,636
107,761
104,522
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
5,039
11,121
- 7 -
Rustrick Accountants Limited Notes to the Accounts for the year ended 31 March 2025
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Operating lease commitments
2025
2024
£
£
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
16,000
Later than one year and not later than five years
-
16,000
-
32,000
12
Average number of employees
During the year the average number of employees was 10 (2024: 10).
- 8 -