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REGISTERED NUMBER: 02226246 (England and Wales)














Financial Statements

for the Year Ended 31 March 2024

for

Rushserve Limited

Rushserve Limited (Registered number: 02226246)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rushserve Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs R Richardson



REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP



REGISTERED NUMBER: 02226246 (England and Wales)



ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP



BANKERS: National Westminster Bank plc
146 Widnes Road
Widnes
Cheshire
WA8 6BB

Rushserve Limited (Registered number: 02226246)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 65,040 73,602
65,040 73,602

CURRENT ASSETS
Stocks 368,330 521,981
Debtors 6 906,802 1,472,940
Cash at bank and in hand 2,280,259 1,677,290
3,555,391 3,672,211
CREDITORS
Amounts falling due within one year 7 700,697 859,657
NET CURRENT ASSETS 2,854,694 2,812,554
TOTAL ASSETS LESS CURRENT LIABILITIES 2,919,734 2,886,156

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,919,634 2,886,056
SHAREHOLDERS' FUNDS 2,919,734 2,886,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:



Mrs R Richardson - Director


Rushserve Limited (Registered number: 02226246)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Rushserve 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 represents the value of goods sold during the period excluding value added tax and trade discounts.Turnover is recognised when goods are physically delivered to the customer.
Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents & licences
The above assets are to be amortised at 10% on a straight line basis in order to write off each asset over its estimated useful life.

Tangible fixed assets
Fixed assets are recognised at historical cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - 5% reducing balance
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Rushserve Limited (Registered number: 02226246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 94,221
AMORTISATION
At 1 April 2023
and 31 March 2024 94,221
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Rushserve Limited (Registered number: 02226246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 135,986 30,463 123,067 26,403 315,919
Additions - 6,100 2,112 - 8,212
Disposals - - - (26,403 ) (26,403 )
At 31 March 2024 135,986 36,563 125,179 - 297,728
DEPRECIATION
At 1 April 2023 86,302 28,840 110,751 16,424 242,317
Charge for year 2,487 914 3,394 - 6,795
Eliminated on disposal - - - (16,424 ) (16,424 )
At 31 March 2024 88,789 29,754 114,145 - 232,688
NET BOOK VALUE
At 31 March 2024 47,197 6,809 11,034 - 65,040
At 31 March 2023 49,684 1,623 12,316 9,979 73,602

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 624,596 889,126
Other debtors 157,205 360,733
VAT 115,201 212,947
Prepayments and accrued income 9,800 10,134
906,802 1,472,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 455,027 656,565
Tax 174,549 163,241
Social security and other taxes 21,049 17,784
Pension control 1,357 1,005
Other creditors 4,018 4,842
Directors' current accounts 26,653 12,490
Accrued expenses 18,044 3,730
700,697 859,657

Rushserve Limited (Registered number: 02226246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100