2023-09-012024-03-312024-03-31false14272827RUSH GROUP PRODUCTS LTD2025-03-1946450falseiso4217:GBPxbrli:pure142728272023-09-01142728272024-03-31142728272023-09-012024-03-31142728272022-08-03142728272023-08-31142728272022-08-032023-08-3114272827bus:SmallEntities2023-09-012024-03-3114272827bus:AuditExempt-NoAccountantsReport2023-09-012024-03-3114272827bus:FullAccounts2023-09-012024-03-3114272827bus:PrivateLimitedCompanyLtd2023-09-012024-03-3114272827core:WithinOneYear2024-03-3114272827core:AfterOneYear2024-03-3114272827core:WithinOneYear2023-08-3114272827core:AfterOneYear2023-08-3114272827core:ShareCapital2024-03-3114272827core:SharePremium2024-03-3114272827core:RevaluationReserve2024-03-3114272827core:OtherReservesSubtotal2024-03-3114272827core:RetainedEarningsAccumulatedLosses2024-03-3114272827core:ShareCapital2023-08-3114272827core:SharePremium2023-08-3114272827core:RevaluationReserve2023-08-3114272827core:OtherReservesSubtotal2023-08-3114272827core:RetainedEarningsAccumulatedLosses2023-08-3114272827core:LandBuildings2024-03-3114272827core:PlantMachinery2024-03-3114272827core:Vehicles2024-03-3114272827core:FurnitureFittings2024-03-3114272827core:OfficeEquipment2024-03-3114272827core:NetGoodwill2024-03-3114272827core:IntangibleAssetsOtherThanGoodwill2024-03-3114272827core:ListedExchangeTraded2024-03-3114272827core:UnlistedNon-exchangeTraded2024-03-3114272827core:LandBuildings2023-08-3114272827core:PlantMachinery2023-08-3114272827core:Vehicles2023-08-3114272827core:FurnitureFittings2023-08-3114272827core:OfficeEquipment2023-08-3114272827core:NetGoodwill2023-08-3114272827core:IntangibleAssetsOtherThanGoodwill2023-08-3114272827core:ListedExchangeTraded2023-08-3114272827core:UnlistedNon-exchangeTraded2023-08-3114272827core:LandBuildings2023-09-012024-03-3114272827core:PlantMachinery2023-09-012024-03-3114272827core:Vehicles2023-09-012024-03-3114272827core:FurnitureFittings2023-09-012024-03-3114272827core:OfficeEquipment2023-09-012024-03-3114272827core:NetGoodwill2023-09-012024-03-3114272827core:IntangibleAssetsOtherThanGoodwill2023-09-012024-03-3114272827core:ListedExchangeTraded2023-09-012024-03-3114272827core:UnlistedNon-exchangeTraded2023-09-012024-03-3114272827core:MoreThanFiveYears2023-09-012024-03-3114272827core:Non-currentFinancialInstruments2024-03-3114272827core:Non-currentFinancialInstruments2023-08-3114272827dpl:CostSales2023-09-012024-03-3114272827dpl:DistributionCosts2023-09-012024-03-3114272827core:LandBuildings2023-09-012024-03-3114272827core:PlantMachinery2023-09-012024-03-3114272827core:Vehicles2023-09-012024-03-3114272827core:FurnitureFittings2023-09-012024-03-3114272827core:OfficeEquipment2023-09-012024-03-3114272827dpl:AdministrativeExpenses2023-09-012024-03-3114272827core:NetGoodwill2023-09-012024-03-3114272827core:IntangibleAssetsOtherThanGoodwill2023-09-012024-03-3114272827dpl:GroupUndertakings2023-09-012024-03-3114272827dpl:ParticipatingInterests2023-09-012024-03-3114272827dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-012024-03-3114272827core:ListedExchangeTraded2023-09-012024-03-3114272827dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-012024-03-3114272827core:UnlistedNon-exchangeTraded2023-09-012024-03-3114272827dpl:CostSales2022-08-032023-08-3114272827dpl:DistributionCosts2022-08-032023-08-3114272827core:LandBuildings2022-08-032023-08-3114272827core:PlantMachinery2022-08-032023-08-3114272827core:Vehicles2022-08-032023-08-3114272827core:FurnitureFittings2022-08-032023-08-3114272827core:OfficeEquipment2022-08-032023-08-3114272827dpl:AdministrativeExpenses2022-08-032023-08-3114272827core:NetGoodwill2022-08-032023-08-3114272827core:IntangibleAssetsOtherThanGoodwill2022-08-032023-08-3114272827dpl:GroupUndertakings2022-08-032023-08-3114272827dpl:ParticipatingInterests2022-08-032023-08-3114272827dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-032023-08-3114272827core:ListedExchangeTraded2022-08-032023-08-3114272827dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-032023-08-3114272827core:UnlistedNon-exchangeTraded2022-08-032023-08-3114272827core:NetGoodwill2024-03-3114272827core:IntangibleAssetsOtherThanGoodwill2024-03-3114272827core:LandBuildings2024-03-3114272827core:PlantMachinery2024-03-3114272827core:Vehicles2024-03-3114272827core:FurnitureFittings2024-03-3114272827core:OfficeEquipment2024-03-3114272827core:AfterOneYear2024-03-3114272827core:WithinOneYear2024-03-3114272827core:ListedExchangeTraded2024-03-3114272827core:UnlistedNon-exchangeTraded2024-03-3114272827core:ShareCapital2024-03-3114272827core:SharePremium2024-03-3114272827core:RevaluationReserve2024-03-3114272827core:OtherReservesSubtotal2024-03-3114272827core:RetainedEarningsAccumulatedLosses2024-03-3114272827core:NetGoodwill2023-08-3114272827core:IntangibleAssetsOtherThanGoodwill2023-08-3114272827core:LandBuildings2023-08-3114272827core:PlantMachinery2023-08-3114272827core:Vehicles2023-08-3114272827core:FurnitureFittings2023-08-3114272827core:OfficeEquipment2023-08-3114272827core:AfterOneYear2023-08-3114272827core:WithinOneYear2023-08-3114272827core:List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RUSH GROUP PRODUCTS LTD

Registered Number
14272827
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

RUSH GROUP PRODUCTS LTD
Company Information
for the period from 1 September 2023 to 31 March 2024

Directors

ANDREW, Stelios
PHOULI, Andreas Panayiotis

Registered Address

25a George Street
Croydon
CR0 1LB

Registered Number

14272827 (England and Wales)
RUSH GROUP PRODUCTS LTD
Statement of Financial Position
31 March 2024

Notes

31 Mar 2024

31 Aug 2023

£

£

£

£

Fixed assets
Intangible assets3239,400279,300
Tangible assets4139,612149,193
Investments53,0003,000
382,012431,493
Current assets
Debtors61,685,6421,455,527
Cash at bank and on hand81,0052,473
1,766,6471,458,000
Creditors amounts falling due within one year7(1,858,553)(1,724,589)
Net current assets (liabilities)(91,906)(266,589)
Total assets less current liabilities290,106164,904
Net assets290,106164,904
Capital and reserves
Called up share capital22
Profit and loss account290,104164,902
Shareholders' funds290,106164,904
The financial statements were approved and authorised for issue by the Board of Directors on 19 March 2025, and are signed on its behalf by:
PHOULI, Andreas Panayiotis
Director
Registered Company No. 14272827
RUSH GROUP PRODUCTS LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is recognised when the significant risks and rewards of ownership have transferred to the buyer ; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill - 20% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings10
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 September 23342,000342,000
At 31 March 24342,000342,000
Amortisation and impairment
At 01 September 2362,70062,700
Charge for year39,90039,900
At 31 March 24102,600102,600
Net book value
At 31 March 24239,400239,400
At 31 August 23279,300279,300
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 September 23164,249164,249
At 31 March 24164,249164,249
Depreciation and impairment
At 01 September 2315,05615,056
Charge for year9,5819,581
At 31 March 2424,63724,637
Net book value
At 31 March 24139,612139,612
At 31 August 23149,193149,193
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 September 233,0003,000
At 31 March 243,0003,000
Net book value
At 31 March 243,0003,000
At 31 August 233,0003,000

Notes

1Investments in group undertakings and participating interests
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables48,100159,705
Amounts owed by group undertakings174,117151,617
Other debtors1,463,4251,144,205
Total1,685,6421,455,527
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,840-
Amounts owed to related parties456,085117,955
Taxation and social security78,89083,968
Other creditors1,315,7381,516,667
Accrued liabilities and deferred income6,0005,999
Total1,858,5531,724,589
8.Related party transactions
The transactions with related parties are summarised below: i) Rush Support Limited The company is a subsidiary. At the end of the period, amount owed by this company was £159,885 (2023- £137,385) ii) Rush Franchising Limited The company is a subsidiary. At the end of the period, amount owed by this company was £14,232 (2023- £14,232) iii) Rush Operations Limited The company is a subsidiary. At the end of the period, amount owed to this company was £452,089 (2023- £117,955)