REGISTERED NUMBER:
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RUSHTON INTERNATIONAL LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2019 |
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REGISTERED NUMBER:
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RUSHTON INTERNATIONAL LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2019 |
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RUSHTON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03444488) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
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Company Information | 1 |
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Accountants' Report | 2 | to | 3 |
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Abridged Statement of Financial Position | 4 | to | 5 |
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Notes to the Financial Statements | 6 | to | 8 |
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RUSHTON INTERNATIONAL LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
RUSHTON INTERNATIONAL LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rushton International Limited for the year ended 31st December 2019 which comprise the Income Statement, Abridged Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Rushton International Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rushton International Limited and state those matters that we have agreed to state to the Board of Directors of Rushton International Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rushton International Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Rushton International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rushton International Limited. You consider that Rushton International Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Rushton International 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 financial statements. |
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Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
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ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
RUSHTON INTERNATIONAL LIMITED |
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RUSHTON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03444488) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
31ST DECEMBER 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RUSHTON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03444488) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31ST DECEMBER 2019 |
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2019 | 2018 |
Notes | £ | £ |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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RUSHTON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03444488) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Rushton International Limited is a
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
No significant judgements or estimates have had to be made by the directors in preparing these financial statements. |
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Revenue |
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of services provided during the year. |
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Revenue recognition |
Revenue is recognised in the period to which the services are provided by the company and in accordance with the stage of completion of contracts with customers. |
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Property, plant and equipment |
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Plant and machinery etc | - |
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Tax |
Tax for the year 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. |
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Current or deferred tax assets and liabilities are not discounted. |
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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 statement of financial position date. |
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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. |
RUSHTON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03444488) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
Cost |
At 1st January 2019 |
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Additions |
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At 31st December 2019 |
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Depreciation |
At 1st January 2019 |
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Charge for year |
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At 31st December 2019 |
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Net book value |
At 31st December 2019 |
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At 31st December 2018 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | 1 | 53,763 | 53,763 |
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7. | POST BALANCE SHEET EVENTS |
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The outbreak of coronavirus, also known as Covid 19 has spread across the globe and is impacting worldwide economic activity. Conditions surrounding the coronavirus continue to rapidly evolve and in early 2020, government authorities implemented emergency measures to mitigate the spread of the virus. The Company has taken advantage of UK governments employment financial grants.The outbreak and the related mitigation measures may have an adverse impact on the global economic conditions as well as on the Company's business activities. The extent to which the coronavirus may impact the Company's business will depend on future developments. These events are uncertain and as such, the Company cannot determine their financial impact at this time. |
RUSHTON INTERNATIONAL LIMITED (REGISTERED NUMBER: 03444488) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
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8. | PARENT UNDERTAKING |
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The parent undertaking of the smallest group in which the belongs is Rushton Group Ltd, whose registered office is Richmond House, Walkern Road, Stevenage, Hertfordshire SG1 3QP. Taking advantage of the exemptions available to small groups, the parent undertaking does not prepare group financial statements. |