M RUSSELL TREE SPECIALISTS LTD

Company Registration Number:
09514174 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

M RUSSELL TREE SPECIALISTS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2022

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

M RUSSELL TREE SPECIALISTS LTD

Company Information

for the Period Ended 31 March 2022




Director: Mr Mark Russell
Mrs Mary Russell
Registered office: 64
Sea Front Estate
Hayling Island
Hampshire
England
PO11 9JL
Company Registration Number: 09514174 (England and Wales)

M RUSSELL TREE SPECIALISTS LTD

Balance sheet

As at 31 March 2022


Notes

2022
£

2021
£
Fixed assets
Tangible assets: 50
Total fixed assets: 50
Current assets
Cash at bank and in hand: 25,780 33,269
Total current assets: 25,780 33,269
Creditors: amounts falling due within one year: 5 ( 18,904 ) ( 22,511 )
Net current assets (liabilities): 6,876 10,758
Total assets less current liabilities: 6,876 10,808
Total net assets (liabilities): 6,876 10,808

The notes form part of these financial statements

M RUSSELL TREE SPECIALISTS LTD

Balance sheet continued

As at 31 March 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 6,776 10,708
Shareholders funds: 6,876 10,808

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 August 2022
And Signed On Behalf Of The Board By:

Name: Mr Mark Russell
Status: Director

The notes form part of these financial statements

M RUSSELL TREE SPECIALISTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 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

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
    Machinery & Equipment - 25% on cost
    Office Equipment - 25% on cost

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years.
    Impairment of intangible assets is recognised where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

M RUSSELL TREE SPECIALISTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 2 2

M RUSSELL TREE SPECIALISTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 3. Off balance sheet disclosure

    No

M RUSSELL TREE SPECIALISTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Dividends


2022
£

2021
£
Dividends paid 11,000 11,400

M RUSSELL TREE SPECIALISTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

5.Creditors: amounts falling due within one year note


2022
£

2021
£
Bank loans and overdrafts 12,604 15,000
Trade creditors 80
Taxation and social security 1,609 3,945
Accruals and deferred income 500 500
Other creditors 4,191 2,986
Total 18,904 22,511