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REGISTERED NUMBER: 08441787 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

E F H Russell Limited

E F H Russell Limited (Registered number: 08441787)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


E F H Russell Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr E F H Russell





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 08441787 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

E F H Russell Limited (Registered number: 08441787)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,514 49,758

CURRENT ASSETS
Debtors 5 427,440 419,907
Cash at bank 317,682 200,415
745,122 620,322
CREDITORS
Amounts falling due within one year 6 41,500 34,827
NET CURRENT ASSETS 703,622 585,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

746,136

635,253

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 746,036 635,153
SHAREHOLDERS' FUNDS 746,136 635,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2023 and were signed by:





Mr E F H Russell - Director


E F H Russell Limited (Registered number: 08441787)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

E F H Russell Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the company's share of the profits of the partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 72,443
AMORTISATION
At 1 April 2022 22,685
Charge for year 7,244
At 31 March 2023 29,929
NET BOOK VALUE
At 31 March 2023 42,514
At 31 March 2022 49,758

Goodwill arose on the purchase of the company's share in the partnership.

E F H Russell Limited (Registered number: 08441787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Due from partnership 363,766 368,701
Directors' current accounts 63,674 51,206
427,440 419,907

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 39,933 33,699
Social security and other taxes 433 -
Accruals and deferred income 1,134 1,128
41,500 34,827

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr E F H Russell
Balance outstanding at start of year 51,206 40,930
Amounts advanced 75,974 62,600
Amounts repaid (63,506 ) (52,324 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,674 51,206

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.0% per annum.