RUDGELEY SERVICES LTD.
RUDGELEY SERVICES LTD.
RUDGELEY SERVICES LTD.
Company Registration Number:
03051418 (England and Wales)
Unaudited statutory accounts for the year ended 31 July 2020
Period of accounts
Start date: 1 August 2019
End date: 31 July 2020
RUDGELEY SERVICES LTD.
Contents of the Financial Statements
for the Period Ended 31 July 2020
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes |
RUDGELEY SERVICES LTD.
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 July 2020
Principal activities of the company
Additional information
Results for the financial periodThe profit for the year of £30,020 after taxation (2019 £28,572) has been transferred to reserves. No dividend was paid during the year (2019: £nil).A payment of £35,273 was made during the year under gift aid payable to Hartpury University in respect of the year ended 31 July 2019. Review of businessThe directors consider that the trading performance during the year was satisfactory and that the future prospects of the company remain good.After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Covid-19 had an impact on income and costs in the latter part of the 2019/20 as all students studied form home form late March until the end of the academic year resulting refunds of transport fees, matched by lower operating costs. In 2020/21 all students utilising the transport services continue to travel into Hartpury every week whilst we remain open as a campus and thus income and costs are expected to remain inline with expectations. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and accounts .Disclosure of information to auditorThe directors who held office at the date of approval of this directors’ report confirm that, so far as they are each aware, there is no relevant audit information of which the Company’s auditor is unaware; and each director has taken steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the Company’s auditor is aware of that information. Appointment of auditorsIn accordance with s.485 of the Companies Act 2006, a resolution is to be proposed at the Annual General Meeting for appointment of Mazars LLP as auditor of the Company.
Directors
The directors shown below have held office during the whole of the period from
1 August 2019 to 31 July 2020
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Secretary
RUDGELEY SERVICES LTD.
Profit And Loss Account
for the Period Ended
| 2020 | 2019 | |
|---|---|---|
| | £ | £ |
| Turnover: | | |
| Gross profit(or loss): | | |
| Administrative expenses: | ( | ( |
| Operating profit(or loss): | | |
| Profit(or loss) before tax: | | |
| Tax: | ( | ( |
| Profit(or loss) for the financial year: | | |
RUDGELEY SERVICES LTD.
Balance sheet
As at
| Notes | 2020 | 2019 | |
|---|---|---|---|
| | £ | £ | |
| Current assets | |||
| Debtors: | 3 | | |
| Cash at bank and in hand: | | | |
| Total current assets: | | | |
| Creditors: amounts falling due within one year: | 4 | ( | ( |
| Net current assets (liabilities): | | | |
| Total assets less current liabilities: | | | |
| Total net assets (liabilities): | | | |
| Capital and reserves | |||
| Called up share capital: | | | |
| Profit and loss account: | | | |
| Total Shareholders' funds: | | |
The notes form part of these financial statements
RUDGELEY SERVICES LTD.
Balance sheet statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
RUDGELEY SERVICES LTD.
Notes to the Financial Statements
for the Period Ended 31 July 2020
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Other accounting policies
Basis of preparationThese financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A small entities. FRS 102 Section 1A small entities, is effective for all small companies for period commencing 1 January 2016. There were no material departures from that standard.The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.The Company’s ultimate parent undertaking, Hartpury University includes the Company in its consolidated financial statements. The consolidated financial statements of Hartpury University are prepared in accordance with FRS 102 and are available to the public and may be obtained from the address given in Note 8. In these financial statements, the Company is considered to be a qualifying entity (for the purposes of the FRS) and has applied the exemptions available under FRS 102 Section 1A small entities in respect of the following disclosures;Reconciliation of the number of shares outstanding from the beginning to end of the period;Cash Flow Statement and related notes;Key Management Personnel compensation; andTransactions or balances with entities which form part of the Group.The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.Going concern The company has consistently achieved a surplus and is cash generative. Directors have reviewed the budget for 2020/21 and beyond which continues to forecast positive trading. There are no indications that the company will not be able to meet its liabilities going forward. The directors therefore consider that there is a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.TaxationThe charge for taxation is based on the result for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Provision is made for deferred tax only to the extent that it is probable that an actual liability will crystallise.Cash and cash equivalentsCash and cash equivalents comprise cash balances.
RUDGELEY SERVICES LTD.
Notes to the Financial Statements
for the Period Ended 31 July 2020
-
2. Employees
2020 2019 Average number of employees during the period 0 0
RUDGELEY SERVICES LTD.
Notes to the Financial Statements
for the Period Ended 31 July 2020
3. Debtors
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Trade debtors | | |
| Total | | |
RUDGELEY SERVICES LTD.
Notes to the Financial Statements
for the Period Ended 31 July 2020
4. Creditors: amounts falling due within one year note
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Trade creditors | | |
| Taxation and social security | | |
| Total | | |