Company Registration No. NI633861 (Northern Ireland)
RUSCHINZIKETAL Limited
Unaudited accounts
for the year ended 31 March 2023
RUSCHINZIKETAL Limited
Unaudited accounts
Contents
RUSCHINZIKETAL Limited
Company Information
for the year ended 31 March 2023
Company Number
NI633861 (Northern Ireland)
Registered Office
Forsyth House
Cromac Square
BELFAST
Down
BT2 8LA
UK
Accountants
Huston & Co
13 Cabin Hill Gardens
Ballycloghan
BELFAST
Co Down
BT5 7AP
RUSCHINZIKETAL Limited
Accountants' report
Accountants' report to the director of RUSCHINZIKETAL Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
RUSCHINZIKETAL Limited for the year ended
31 March 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of RUSCHINZIKETAL Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of RUSCHINZIKETAL Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RUSCHINZIKETAL Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RUSCHINZIKETAL Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RUSCHINZIKETAL Limited. You consider that RUSCHINZIKETAL 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 accounts of RUSCHINZIKETAL 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 accounts.
Huston & Co
13 Cabin Hill Gardens
Ballycloghan
BELFAST
Co Down
BT5 7AP
9 November 2023
RUSCHINZIKETAL Limited
Statement of financial position
as at 31 March 2023
Tangible assets
8,320
8,340
Investments
193,765
193,765
Cash at bank and in hand
94,791
37,424
Creditors: amounts falling due within one year
(169,446)
(112,283)
Net current liabilities
(74,029)
(74,123)
Net assets
128,056
127,982
Called up share capital
1
1
Profit and loss account
128,055
127,981
Shareholders' funds
128,056
127,982
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 November 2023 and were signed on its behalf by
Jens Rasch
Director
Company Registration No. NI633861
RUSCHINZIKETAL Limited
Notes to the Accounts
for the year ended 31 March 2023
RUSCHINZIKETAL Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI633861. The registered office is Forsyth House, Cromac Square, BELFAST, Down, BT2 8LA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company undertakes software programming activities on client sites in Germany, with the possibility of expansion elsewhere in the World. Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Depreciated at 25% pa on a reducing balance basis
Motor vehicles
Vans are depreciated at 25% per year on the reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
420
14,256
14,676
At 31 March 2023
3,370
14,256
17,626
At 1 April 2022
99
6,237
6,336
Charge for the year
965
2,005
2,970
At 31 March 2023
1,064
8,242
9,306
At 31 March 2023
2,306
6,014
8,320
At 31 March 2022
321
8,019
8,340
RUSCHINZIKETAL Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Investments
Other investments
Valuation at 1 April 2022
193,765
Valuation at 31 March 2023
193,765
During the year the company invested an additional investment of £68,765 in Datactics Ltd as part of using the anti-dilution rights for the investment round of 20/21
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,388
9,543
Trade creditors
3,053
2,370
Taxes and social security
213
3,936
Loans from directors
159,348
96,400
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).