Rugby Manufacturing Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02761241 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

RUGBY MANUFACTURING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Marshall

SECRETARY:

G Marshall

REGISTERED OFFICE:

The Cottage

Wolston Grange

Coalpit Lane

Rugby

Warwickshire

CV23 9JH

REGISTERED NUMBER:

02761241 (England and Wales)

ACCOUNTANTS:

AEH Accountancy Ltd

Church Farm

Main Street

Willey

Warwickshire

CV23 0SH

FIXED ASSETS

Tangible assets

4

7,370

9,518

CURRENT ASSETS

Stocks

3,500

1,750

Debtors

5

38,412

27,692

Cash at bank

8,923

10,616

50,835

40,058

CREDITORS

Amounts falling due within one year

6

22,958

35,414

NET CURRENT ASSETS

27,877

4,644

TOTAL ASSETS LESS CURRENT LIABILITIES

35,247

14,162

CREDITORS

Amounts falling due after more than one year

7

(33,333

)

-

PROVISIONS FOR LIABILITIES

8

(1,400

)

(1,808

)

NET ASSETS

514

12,354

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

512

12,352

SHAREHOLDERS' FUNDS

514

12,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 November 2022 and were signed by:

S Marshall - Director

1.	STATUTORY INFORMATION

Rugby Manufacturing Services Limited 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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

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

Financial instruments

Financial assets

Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities

The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2021

and 31 March 2022

35,835

979

8,700

45,514

DEPRECIATION

At 1 April 2021

31,596

594

3,806

35,996

Charge for year

847

77

1,224

2,148

At 31 March 2022

32,443

671

5,030

38,144

NET BOOK VALUE

At 31 March 2022

3,392

308

3,670

7,370

At 31 March 2021

4,239

385

4,894

9,518

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

27,182

27,692

Directors' current accounts

11,230

-

38,412

27,692

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

-

(1

)

Tax

20,780

19,516

VAT

1,428

14,899

Directors' current accounts

-

250

Accrued expenses

750

750

22,958

35,414

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

9,000

-

Bank loans - 2-5 years

24,333

-

33,333

-

8.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

1,400

1,808

Deferred

tax

£

Balance at 1 April 2021

1,808

Provided during year

(408

)

Balance at 31 March 2022

1,400

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 April 2021

12,352

Profit for the year

1,160

Dividends

(13,000

)

At 31 March 2022

512

11.	RELATED PARTY DISCLOSURES

As at 31 March 2022 an amount of £11,230 (2021- £250 owed to the director) was owed from the director to the company.This amount is shown under creditors in the balance sheet.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Marshall.