Ruffino Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06126160 (England and Wales)

RUFFINO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 26 MARCH 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

D F Lingham

M A True

REGISTERED OFFICE:

Purfleet Truck Wash

Beacon Hill Industrial Estate,

Botany Way

Purfleet

Essex

RM19 1SR

REGISTERED NUMBER:

06126160 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur’s Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Tangible assets

4

3,873,654

3,116,285

Investments

5

384,623

336,602

4,258,277

3,452,887

CURRENT ASSETS

Debtors

6

161,189

129,417

Cash at bank

25,850

2,043

187,039

131,460

CREDITORS

Amounts falling due within one year

7

(1,376,209

)

(1,187,313

)

NET CURRENT LIABILITIES

(1,189,170

)

(1,055,853

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,069,107

2,397,034

CREDITORS

Amounts falling due after more than one year

8

(618,769

)

(368,338

)

NET ASSETS

2,450,338

2,028,696

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,450,336

2,028,694

2,450,338

2,028,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 March 2023 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 3 November 2023 and were signed on its behalf by:

M A True - Director

1.	STATUTORY INFORMATION

Ruffino 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.

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.

Freehold property

-

nil

Plant and machinery

-

20% on reducing balance

Fixture & Fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Depreciation for Freehold property has been provided at nil due to the property appreciating in value

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Fixture &

property

machinery

Fittings

£

£

£

COST

At 27 March 2022

2,930,151

143,819

80,776

Additions

342,995

200,719

126,493

At 26 March 2023

3,273,146

344,538

207,269

DEPRECIATION

At 27 March 2022

-

38,251

44,886

Charge for year

-

61,257

32,477

At 26 March 2023

-

99,508

77,363

NET BOOK VALUE

At 26 March 2023

3,273,146

245,030

129,906

At 26 March 2022

2,930,151

105,568

35,890

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 27 March 2022

57,998

3,158

3,215,902

Additions

254,385

2,044

926,636

At 26 March 2023

312,383

5,202

4,142,538

DEPRECIATION

At 27 March 2022

14,500

1,980

99,617

Charge for year

74,470

1,063

169,267

At 26 March 2023

88,970

3,043

268,884

NET BOOK VALUE

At 26 March 2023

223,413

2,159

3,873,654

At 26 March 2022

43,498

1,178

3,116,285

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 27 March 2022

336,602

Additions

48,021

At 26 March 2023

384,623

NET BOOK VALUE

At 26 March 2023

384,623

At 26 March 2022

336,602

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

153,078

125,788

VAT

8,111

3,629

161,189

129,417

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

56,560

109,237

Hire purchase contracts

79,602

17,628

Trade creditors

292,460

235,329

Amounts owed to group undertakings

176,500

146,500

Corporation Tax

273,370

337,686

Social security and other taxes

44,627

79,898

Sundry creditors

2,312

1,667

Directors' current accounts

439,967

251,557

Accrued expenses

10,811

7,811

1,376,209

1,187,313

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Mortgage 1-5 years

536,010

325,189

Hire purchase contracts

82,759

43,149

618,769

368,338

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 Balance Sheet. 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, we have prepared for your approval the financial statements of Ruffino Limited for the year ended 26 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

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

This report is made solely to the Board of Directors of Ruffino Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ruffino Limited and state those matters that we have agreed to state to the Board of Directors of Ruffino Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ruffino Limited 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 Ruffino Limited. You consider that Ruffino Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ruffino Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Spurling Cannon

King Arthur’s Court

Maidstone Road

Charing

Kent

TN27 0JS

3 November 2023