Surf AccountsProduction v1.0.0 v1.0.0 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is histopathology for scientific, technical, educational and imaging purposes. 31 August 2023 1 1 NI625456 2023-06-30 NI625456 2022-06-30 NI625456 2021-06-30 NI625456 2022-07-01 2023-06-30 NI625456 2021-07-01 2022-06-30 NI625456 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI625456 uk-curr:PoundSterling 2022-07-01 2023-06-30 NI625456 uk-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 NI625456 uk-bus:FullAccounts 2022-07-01 2023-06-30 NI625456 uk-core:ShareCapital 2023-06-30 NI625456 uk-core:ShareCapital 2022-06-30 NI625456 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI625456 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI625456 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI625456 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI625456 uk-bus:FRS102 2022-07-01 2023-06-30 NI625456 uk-core:PlantMachinery 2022-07-01 2023-06-30 NI625456 uk-core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 NI625456 uk-core:ComputerEquipment 2022-07-01 2023-06-30 NI625456 uk-core:CurrentFinancialInstruments 2023-06-30 NI625456 uk-core:CurrentFinancialInstruments 2022-06-30 NI625456 uk-core:WithinOneYear 2023-06-30 NI625456 uk-core:WithinOneYear 2022-06-30 NI625456 uk-core:OtherMiscellaneousReserve 2022-06-30 NI625456 uk-core:OtherMiscellaneousReserve 2022-07-01 2023-06-30 NI625456 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-06-30 NI625456 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-06-30 NI625456 uk-core:OtherDeferredTax 2023-06-30 NI625456 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-06-30 NI625456 uk-core:OtherMiscellaneousReserve 2023-06-30 NI625456 2022-07-01 2023-06-30 NI625456 uk-bus:Director1 2022-07-01 2023-06-30 NI625456 uk-bus:Director2 2022-07-01 2023-06-30 NI625456 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI625456

Rushfieldpath Ltd

Unaudited Financial Statements

for the financial year ended 30 June 2023

Rushfieldpath Ltd

Company Registration Number: NI625456

BALANCE SHEET

as at 30 June 2023

|  |  | 2023 |  | 2022
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 4 | 4,763 |  | 5,718
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  | 5 | 5,457 |  | 5,473
Debtors |  | 6 | 3,531 |  | 4,324
Cash and cash equivalents |  |  | 147,316 |  | 157,399
|  |  | ───────── |  | ─────────
|  |  | 156,304 |  | 167,196
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 7 | (120,246) |  | (98,489)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 36,058 |  | 68,707
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 40,821 |  | 74,425
Provisions for liabilities |  | 8 | 7,766 |  | 5,181
|  |  | ───────── |  | ─────────
Net Assets |  |  | 48,587 |  | 79,606
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 2 |  | 2
Retained earnings |  |  | 48,585 |  | 79,604
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 48,587 |  | 79,606
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 31 August 2023 and signed on its behalf by

________________________________ |  |  | ________________________________
Professor John McClure |  |  | Sheena Frances McClure
Director |  |  | Director

Rushfieldpath Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 June 2023

1. | General Information
| Rushfieldpath Ltd is a company limited by shares incorporated in Northern Ireland. 8 Drumquin Road, Rushfield, Co Tyrone, BT81 7PX, Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Plant and machinery | - | 20% Reducing Balance
|  | Fixtures, fittings and equipment | - | 20% Reducing Balance
|  | Website | - | 20% Reducing Balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Stocks
| Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was 1, (2022 - 1).
|  | 2023 | 2022
|  | Number | Number
| Employees | 1 | 1
|  | ═════════ | ═════════

4. | Tangible assets
|  | Plant and | Fixtures, | Website | Total
|  | machinery | fittings and |  |
|  |  | equipment |  |
|  | £ | £ | £ | £
| Cost
| At 1 July 2022 | 13,396 | 829 | 2,500 | 16,725
| Additions | - | 235 | - | 235
|  | ───────── | ───────── | ───────── | ─────────
| At 30 June 2023 | 13,396 | 1,064 | 2,500 | 16,960
|  | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 July 2022 | 9,009 | 522 | 1,476 | 11,007
| Charge for the financial year | 877 | 108 | 205 | 1,190
|  | ───────── | ───────── | ───────── | ─────────
| At 30 June 2023 | 9,886 | 630 | 1,681 | 12,197
|  | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 30 June 2023 | 3,510 | 434 | 819 | 4,763
|  | ═════════ | ═════════ | ═════════ | ═════════
| At 30 June 2022 | 4,387 | 307 | 1,024 | 5,718
|  | ═════════ | ═════════ | ═════════ | ═════════

5. | Stocks | 2023 | 2022
|  | £ | £
| Finished goods and goods for resale | 5,457 | 5,473
|  | ═════════ | ═════════
| The replacement cost of stock did not differ significantly from the figures shown.

6. | Debtors | 2023 | 2022
|  | £ | £
| Other debtors | (463) | 4,324
| Prepayments and accrued income | 3,994 | -
|  | ───────── | ─────────
|  | 3,531 | 4,324
|  | ═════════ | ═════════

7. | Creditors | 2023 | 2022
| Amounts falling due within one year | £ | £
| Directors' current accounts | 118,733 | 97,089
| Accruals | 1,513 | 1,400
|  | ───────── | ─────────
|  | 120,246 | 98,489
|  | ═════════ | ═════════

8. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Losses | Total | Total
|  | allowances |  |  |
|  |  |  | 2023 | 2022
|  | £ | £ | £ | £
| At financial year start | 1,086 | (6,267) | (5,181) | (3,624)
| Charged to profit and loss | (226) | (2,359) | (2,585) | (1,557)
|  | ───────── | ───────── | ───────── | ─────────
| At financial year end | 860 | (8,626) | (7,766) | (5,181)
|  | ═════════ | ═════════ | ═════════ | ═════════

9. | Related party transactions
| The directors had an opening Directors' Loan Account balance of £97,089. During the year, RushfieldPath Ltd borrowed a further £21,844 and repaid £200 leaving a closing balance of £118,733 (2022: £97,089) owed to the directors and this is included in the creditors section of the balance sheet.