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REGISTERED NUMBER: 10343552 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST SEPTEMBER 2022 TO 31ST DECEMBER 2023

FOR

RUSH SOLUTIONS LIMITED

RUSH SOLUTIONS LIMITED (REGISTERED NUMBER: 10343552)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RUSH SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 31ST DECEMBER 2023







DIRECTORS: Mr D W Pickering
Mr G Hurley
Mr A J Pritchard
Mr P Martin
Mr A G M Bye





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: 35 Velsheda Court
Hythe Marina
Hythe
Hampshire
SO45 6DW





REGISTERED NUMBER: 10343552 (England and Wales)






RUSH SOLUTIONS LIMITED (REGISTERED NUMBER: 10343552)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,770 -

CURRENT ASSETS
Debtors 6 1,227 28,136
Cash at bank and in hand 696 299
1,923 28,435
CREDITORS
Amounts falling due within one year 7 112,730 46,214
NET CURRENT LIABILITIES (110,807 ) (17,779 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(109,037

)

(17,779

)

CREDITORS
Amounts falling due after more than one
year

8

11,219

17,826
NET LIABILITIES (120,256 ) (35,605 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (120,356 ) (35,705 )
SHAREHOLDERS' FUNDS (120,256 ) (35,605 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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 19th August 2024 and were signed on its behalf by:





Mr D W Pickering - Director


RUSH SOLUTIONS LIMITED (REGISTERED NUMBER: 10343552)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Rush Solutions 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company meets its day to day working capital requirements through a loan from one of the directors. The director has confirmed that he will not demand repayment of his loan with the company totalling £103,271 (2022: £35,422) until such time as the company's assets exceed its liabilities. This liability is included in creditors: amounts falling due within one year (See note 7). The company is also supported by a Business Bounce Back loan (as part of the response by the UK Government to the Coronavirus outbreak) obtained during the year ended 31st August 2021 totalling £25,000 and this is repayable over the next 4 years.

The directors consider that the company will continue to be in a position to meet its liabilities as they fall due. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

All fixed assets are initially recorded at cost.

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.

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.

RUSH SOLUTIONS LIMITED (REGISTERED NUMBER: 10343552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 31ST DECEMBER 2023


3. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,968
At 31st December 2023 1,968
DEPRECIATION
Charge for period 198
At 31st December 2023 198
NET BOOK VALUE
At 31st December 2023 1,770

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 201 26,697
Other debtors 1,026 1,439
1,227 28,136

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,976 4,814
Trade creditors 1,922 3,967
Taxation and social security 831 -
Other creditors 105,001 37,433
112,730 46,214

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 11,219 17,826

RUSH SOLUTIONS LIMITED (REGISTERED NUMBER: 10343552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 31ST DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The bank loans are guaranteed by the UK Government (being part of the Coronavirus Bounce Back Loan Scheme).

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100