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REGISTERED NUMBER: 14360718 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 16 SEPTEMBER 2022 TO 31 DECEMBER 2022

FOR

HEAD RUSH TECHNOLOGIES UK LTD

HEAD RUSH TECHNOLOGIES UK LTD (REGISTERED NUMBER: 14360718)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 SEPTEMBER 2022 TO 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEAD RUSH TECHNOLOGIES UK LTD

COMPANY INFORMATION
FOR THE PERIOD 16 SEPTEMBER 2022 TO 31 DECEMBER 2022







DIRECTORS: N A McMullan-Martin
L A Zuellig





REGISTERED OFFICE: 4th Floor, St. James House
St. James Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 14360718 (England and Wales)





AUDITORS: WD Audit Limited
5th Floor
111 Charterhouse Street
London
EC1M 6AW

HEAD RUSH TECHNOLOGIES UK LTD (REGISTERED NUMBER: 14360718)

BALANCE SHEET
31 DECEMBER 2022

Notes £   
CURRENT ASSETS
Stocks 45,826
Debtors 4 9,275
Cash at bank 13,849
68,950
CREDITORS
Amounts falling due within one year 5 168,082
NET CURRENT LIABILITIES (99,132 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(99,132

)

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings (99,232 )
SHAREHOLDERS' FUNDS (99,132 )

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 6 November 2023 and were signed on its behalf by:





N A McMullan-Martin - Director


HEAD RUSH TECHNOLOGIES UK LTD (REGISTERED NUMBER: 14360718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 SEPTEMBER 2022 TO 31 DECEMBER 2022


1. STATUTORY INFORMATION

Head Rush Technologies UK 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.

Going concern
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The company has continued financial support as needed from the parent company to provide capital to meet liabilities when they fall due.

Stocks
Stock is valued at the lower or cost and net realisable value.

Cost is calculated using the weighted average cost method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the period 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.


HEAD RUSH TECHNOLOGIES UK LTD (REGISTERED NUMBER: 14360718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 SEPTEMBER 2022 TO 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

HEAD RUSH TECHNOLOGIES UK LTD (REGISTERED NUMBER: 14360718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 SEPTEMBER 2022 TO 31 DECEMBER 2022


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
VAT 7,075
Prepayments and accrued income 2,200
9,275

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 152,703
Taxation and social security 7,678
Other creditors 7,701
168,082

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 26,400
Between one and five years 46,200
72,600

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary 1 100

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roy Davis FCA (Senior Statutory Auditor)
for and on behalf of WD Audit Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

HEAD RUSH TECHNOLOGIES UK LTD (REGISTERED NUMBER: 14360718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 SEPTEMBER 2022 TO 31 DECEMBER 2022


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Trublue LLC DBA Head Rush Technologies. The Company is a wholly owned subsidiary of TruBlue LLC., a company incorporated in the United States of America. The smallest group in which the results of the Company are consolidated is that headed by TruBlue LLC., with its registered office at 1699 Cherry St., Unit C, Louisville, CO, United States, 80027.