R.V. Rugg Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00400771

R.V. Rugg Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

R.V. Rugg Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6	796,952	814,173
Investments	7	35,171	35,171
		----------	----------
		832,123	849,344

Current assets

Stocks		181,403	152,683
Debtors	8	234,539	282,279
Cash at bank and in hand		467,388	416,246
		----------	----------
		883,330	851,208

Creditors: amounts falling due within one year	9	227,203		288,030
		----------		----------
Net current assets			656,127		563,178
			-------------		-------------
Total assets less current liabilities			1,488,250		1,412,522

Creditors: amounts falling due after more than one year	10		–		7,287

Provisions

Taxation including deferred tax	107,058	115,822
	-------------	-------------
Net assets	1,381,192	1,289,413
	-------------	-------------

R.V. Rugg Limited

Statement of Financial Position (continued)

31 December 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	38,000	38,000
Reval'n reserve	118,523	131,930
Capital redemption reserve	6,000	6,000
Profit and loss account	1,218,669	1,113,483
	-------------	-------------
Shareholders funds	1,381,192	1,289,413
	-------------	-------------

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 income statement has not been delivered.

For the year ending 31 December 2025 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 .

These financial statements were approved by the board of directors and authorised for issue on 15 May 2026 , and are signed on behalf of the board by:

Ms A C Hirst

Director

Company registration number: 00400771

R.V. Rugg Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Station Lane, Featherstone, Pontefract, West Yorkshire, WF7 5BA.

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

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. (c) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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. (d) Current & deferred 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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. (e) Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

(f) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Intangible Assets	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(g) 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. The company previously adopted a policy of revaluing freehold land and buildings and they were stated at their revalued amount less any subsequent depreciation and accumulated impairment losses. The company has adopted the transition exemption under FRS 102 paragraph 35.10(d) and has elected to use the previous revaluation as deemed cost.

(h) 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	-	4% straight line
Plant & Machinery	-	10% reducing balance
Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	20% reducing balance

(i) Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

(j) Stock & work in progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

(k) Finance leases and hire purchase contracts

Assets held under finance leases 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 sum of digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

(l) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(m) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(n) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 21 (2024: 21 ).

5. Intangible assets

	Intangibles
	£
Cost
At 1 January 2025 and 31 December 2025	8,000
	-------
Amortisation
At 1 January 2025 and 31 December 2025	8,000
	-------
Carrying amount
At 31 December 2025	–
	-------
At 31 December 2024	–
	-------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2025	616,351	1,209,570	65,409	120,045	2,011,375
Additions	40,742	2,527	3,483	49,701	96,453
Disposals	–	–	–	( 61,855)	( 61,855)
	----------	-------------	--------	----------	-------------
At 31 December 2025	657,093	1,212,097	68,892	107,891	2,045,973
	----------	-------------	--------	----------	-------------
Depreciation
At 1 January 2025	242,985	861,360	60,197	32,660	1,197,202
Charge for the year	22,284	32,002	989	17,657	72,932
Disposals	–	–	–	( 21,113)	( 21,113)
	----------	-------------	--------	----------	-------------
At 31 December 2025	265,269	893,362	61,186	29,204	1,249,021
	----------	-------------	--------	----------	-------------
Carrying amount
At 31 December 2025	391,824	318,735	7,706	78,687	796,952
	----------	-------------	--------	----------	-------------
At 31 December 2024	373,366	348,210	5,212	87,385	814,173
	----------	-------------	--------	----------	-------------

Investment property has been valued at market value by the directors based on their experience in the location and category of the investment property concerned.

Tangible assets held at valuation

The freehold land and buildings were valued in June 2012 on an open market value basis at £400,000. The valuation was undertaken by Stephen PR Abson MRICS (Chartered Surveyor), of Abson Blaza Property.

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 2025
Aggregate cost	–
Aggregate depreciation	–
	----
Carrying value	–
	----

At 31 December 2024
Aggregate cost	423,252
Aggregate depreciation	(200,193)
	----------
Carrying value	223,059
	----------

7. Investments

	Trade Investments
	£
Cost
At 1 January 2025 and 31 December 2025	35,171
	--------
Impairment
At 1 January 2025 and 31 December 2025	–
	--------

Carrying amount
At 31 December 2025	35,171
	--------
At 31 December 2024	35,171
	--------

This relates to an unlisted investment and is included at market value based as advised by the director.

8. Debtors

	2025	2024
	£	£
Trade debtors	202,844	209,398
Other debtors	31,695	72,881
	----------	----------
	234,539	282,279
	----------	----------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	97,779	136,760
Accruals	17,963	39,552
Corporation tax	38,248	28,283
Social security and other taxes	65,072	56,008
Obligations under finance leases and hire purchase contracts	7,287	26,744
Other creditors	854	683
	----------	----------
	227,203	288,030
	----------	----------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	–	7,287
	----	-------

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Ms A C Hirst	–	2,000	( 2,000)	–
	----	-------	-------	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Ms A C Hirst	–	2,000	( 2,000)	–
	----	-------	-------	----