Rule 303 Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08716308

		2022		2021
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,882		3,249

			1,882		3,249
CURRENT ASSETS
Debtors	5	863		7,169
Cash at bank and in hand		142,296		116,459

		143,159		123,628
Creditors: Amounts Falling Due Within One Year	6	(56,184 )		(65,734 )

NET CURRENT ASSETS (LIABILITIES)			86,975		57,894

TOTAL ASSETS LESS CURRENT LIABILITIES			88,857		61,143

Creditors: Amounts Falling Due After More Than One Year	7		-		(9,500 )

NET ASSETS			88,857		51,643

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			88,757		51,543

SHAREHOLDERS' FUNDS			88,857		51,643

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Rule 303 Ltd

Balance Sheet (continued)

As At 31 October 2022

For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Casey

Director

05/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Rule 303 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08716308 . The registered office is 46 Periwinkle Lane, Dunstable, Bedfordshire, England, LU6 3NP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance Method
Motor Vehicles	25% Reducing Balance Method
Computer Equipment	33% Straight Line Method

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2021: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2021	8,564	1,500	3,236	13,300

As at 31 October 2022	8,564	1,500	3,236	13,300

Depreciation
As at 1 November 2021	6,440	1,144	2,467	10,051
Provided during the period	531	89	747	1,367

As at 31 October 2022	6,971	1,233	3,214	11,418

...CONTINUED

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Rule 303 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2022

Net Book Value
As at 31 October 2022	1,593	267	22	1,882

As at 1 November 2021	2,124	356	769	3,249

5. Debtors

	2022	2021
	£	£
Due within one year
Trade debtors	-	7,169
Other debtors	863	-

	863	7,169

6. Creditors: Amounts Falling Due Within One Year

	2022	2021
	£	£
Trade creditors	-	29
Bank loans and overdrafts	-	8,400
Other creditors	1,519	8,391
Taxation and social security	54,665	48,914

	56,184	65,734

7. Creditors: Amounts Falling Due After More Than One Year

	2022	2021
	£	£
Bank loans	-	9,500

8. Share Capital

	2022	2021
	£	£
Allotted, Called up and fully paid	100	100

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