REGISTERED NUMBER: 10637668 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Rusmar Developments Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountant's Report

7

DIRECTORS:

R G Irwin

M Willey

REGISTERED OFFICE:

Unit 11

St Johns Business Park

Penzance Road

Helston

Cornwall

TR13 8HN

REGISTERED NUMBER:

10637668 (England and Wales)

ACCOUNTANT:

Martin Laity Accounting & Tax Practitioner

Kelyn

Old Hill

Helston

Cornwall

TR13 8HT

FIXED ASSETS

Tangible assets

4

39,746

32,105

CURRENT ASSETS

Stocks

40,000

47,000

Debtors

5

1,140

17,117

Cash at bank and in hand

54,124

26,892

95,264

91,009

CREDITORS

Amounts falling due within one year

6

104,902

96,531

NET CURRENT LIABILITIES

(9,638

)

(5,522

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,108

26,583

CREDITORS

Amounts falling due after more than one year

7

-

(1,667

)

PROVISIONS FOR LIABILITIES

(6,784

)

(4,597

)

NET ASSETS

23,324

20,319

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

23,224

20,219

SHAREHOLDERS' FUNDS

23,324

20,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

R G Irwin - Director

M Willey - Director

1.	STATUTORY INFORMATION

Rusmar Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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 represents the net value of invoiced work done, excluding Value Added Tax.

Turnover is recognised upon completion of work done or where there is a right to consideration. Revenue is measured at fair value at the point of invoicing. The company does not engage in work on long term contract basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the balance sheet date, the company's net current liabilities exceeded its net current assets. The directors consider the company to be a going concern and that it is appropriate to prepare the accounts on a going concern basis and agree to provide support for the company. In reaching this decision the directors have considered a period of at least 12 months from the date of these accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

77,781

Additions

17,579

At 31 March 2026

95,360

DEPRECIATION

At 1 April 2025

45,676

Charge for year

9,938

At 31 March 2026

55,614

NET BOOK VALUE

At 31 March 2026

39,746

At 31 March 2025

32,105

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

15,917

Other debtors

1,140

1,200

1,140

17,117

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,667

10,000

Trade creditors

17,801

24,823

Taxation and social security

29,080

40,034

Other creditors

56,354

21,674

104,902

96,531

Directors Loan Account balances, included in other creditors, are non-interest bearing and repayable upon demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,667

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

50

A ordinary

£1

50

50

50

B ordinary

£1

50

50

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no advances, guarantees or credit facilities in favour of the Directors during the period.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £65,096 (2025 - £50,904) were paid to the directors .

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Rusmar Developments Ltd for the year ended 31 March 2026 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Rusmar Developments Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Rusmar Developments Ltd and state those matters that I have agreed to state to the Board of Directors of Rusmar Developments Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Rusmar Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rusmar Developments Ltd. You consider that Rusmar Developments Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Rusmar Developments Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Martin Laity Accounting & Tax Practitioner

Kelyn

Old Hill

Helston

Cornwall

TR13 8HT

30 July 2026