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REGISTERED NUMBER: SC251831 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

R & J RUSSELL LIMITED

R & J RUSSELL LIMITED (REGISTERED NUMBER: SC251831)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

R & J RUSSELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2018







DIRECTORS: H C Russell
B D Mair





SECRETARY: H C Russell





REGISTERED OFFICE: Goodsburn
Glenavon Street
Strathaven
Lanarkshire
ML10 6BS





REGISTERED NUMBER: SC251831 (Scotland)





ACCOUNTANTS: Henry Brown & Co
Chartered Accountants
26 Portland Road
Kilmarnock
Ayrshire
KA1 2EB

R & J RUSSELL LIMITED (REGISTERED NUMBER: SC251831)

BALANCE SHEET
31 JULY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,614 111,610
Investment property 5 172,525 172,525
282,139 284,135

CURRENT ASSETS
Stocks 77,438 71,106
Debtors 6 118,231 88,115
Cash at bank and in hand 83,727 54,536
279,396 213,757
CREDITORS
Amounts falling due within one year 7 70,715 68,383
NET CURRENT ASSETS 208,681 145,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,820

429,509

PROVISIONS FOR LIABILITIES 1,434 1,316
NET ASSETS 489,386 428,193

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 488,386 427,193
SHAREHOLDERS' FUNDS 489,386 428,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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.

R & J RUSSELL LIMITED (REGISTERED NUMBER: SC251831)

BALANCE SHEET - continued
31 JULY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 1 November 2018 and were signed on its behalf
by:




H C Russell - Director



B D Mair - Director


R & J RUSSELL LIMITED (REGISTERED NUMBER: SC251831)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018

1. STATUTORY INFORMATION

R & J Russell Limited is a private company, limited by shares , registered in Scotland. 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 (£).


The financial statements relate to a single company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of agricultural machinery, equipment and supplies, stated net of value
added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Improvements to property - at varying rates on cost
Plant and machinery - 33% on cost and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation 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.

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 year 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.

R & J RUSSELL LIMITED (REGISTERED NUMBER: SC251831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018

2. ACCOUNTING POLICIES - continued

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 3 (2017 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2017 100,998 24,191 6,643
Additions - - 3,000
At 31 July 2018 100,998 24,191 9,643
DEPRECIATION
At 1 August 2017 7,387 13,118 5,109
Charge for year 2,340 277 1,030
At 31 July 2018 9,727 13,395 6,139
NET BOOK VALUE
At 31 July 2018 91,271 10,796 3,504
At 31 July 2017 93,611 11,073 1,534

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2017 1,092 10,810 143,734
Additions - - 3,000
At 31 July 2018 1,092 10,810 146,734
DEPRECIATION
At 1 August 2017 746 5,764 32,124
Charge for year 87 1,262 4,996
At 31 July 2018 833 7,026 37,120
NET BOOK VALUE
At 31 July 2018 259 3,784 109,614
At 31 July 2017 346 5,046 111,610

R & J RUSSELL LIMITED (REGISTERED NUMBER: SC251831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2017
and 31 July 2018 172,525
NET BOOK VALUE
At 31 July 2018 172,525
At 31 July 2017 172,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 106,965 87,077
Other debtors 11,266 1,038
118,231 88,115

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 31,163 26,031
Taxation and social security 31,089 31,015
Other creditors 8,463 11,337
70,715 68,383

8. ULTIMATE CONTROLLING PARTY

The controlling party is H C Russell.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
R & J RUSSELL LIMITED

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 Balance Sheet. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of R & J Russell Limited for the year ended 31 July 2018 which comprise the Income Statement,
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of R & J Russell 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 R & J Russell Limited and state those matters that we have agreed to state to the Board of Directors of R & J Russell Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R & J Russell 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 R & J Russell Limited. You consider that R & J Russell Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R & J Russell 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.






Henry Brown & Co
Chartered Accountants
26 Portland Road
Kilmarnock
Ayrshire
KA1 2EB


1 November 2018