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REGISTERED NUMBER: 06332984 (England and Wales)















Financial Statements

for the Year Ended 31 March 2023

for

Russell Jeffery Limited

Russell Jeffery Limited (Registered number: 06332984)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Russell Jeffery Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R M Jeffery





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 06332984 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Russell Jeffery Limited (Registered number: 06332984)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 141,807 63,536

CURRENT ASSETS
Debtors 6 29,071 10,325
Cash at bank 1,516 15,740
30,587 26,065
CREDITORS
Amounts falling due within one year 7 (46,349 ) (37,268 )
NET CURRENT LIABILITIES (15,762 ) (11,203 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,045

52,333

CREDITORS
Amounts falling due after more than one
year

8

(25,423

)

(16,250

)

PROVISIONS FOR LIABILITIES (25,413 ) (12,072 )
NET ASSETS 75,209 24,011

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 75,208 24,010
SHAREHOLDERS' FUNDS 75,209 24,011

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.

Russell Jeffery Limited (Registered number: 06332984)

Statement of Financial Position - continued
31 March 2023


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 9 November 2023 and were signed by:





R M Jeffery - Director


Russell Jeffery Limited (Registered number: 06332984)

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

1. STATUTORY INFORMATION

Russell Jeffery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis, despite the net current liability position of £15,762 (2022: £11,203), as the director has confirmed that he will continue to provide financial support to the company to enable it to meet its liabilities as they fall due for the foreseeable future.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 4 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Russell Jeffery Limited (Registered number: 06332984)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2022 155,154 28,073 2,438 185,665
Additions 40,673 57,068 928 98,669
Disposals - (28,073 ) - (28,073 )
At 31 March 2023 195,827 57,068 3,366 256,261
Depreciation
At 1 April 2022 94,352 26,273 1,504 122,129
Charge for year 17,951 225 647 18,823
Eliminated on disposal - (26,498 ) - (26,498 )
At 31 March 2023 112,303 - 2,151 114,454
Net book value
At 31 March 2023 83,524 57,068 1,215 141,807
At 31 March 2022 60,802 1,800 934 63,536

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 19,933 -
Other debtors 9,138 10,325
29,071 10,325

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 11,181 5,000
Trade creditors 27,223 30,907
Taxation and social security 4,914 444
Other creditors 3,031 917
46,349 37,268

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 25,423 16,250