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REGISTERED NUMBER: 02162290 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Russell Geomatics Limited

Russell Geomatics Limited (Registered number: 02162290)






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 Geomatics Limited

Company Information
for the Year Ended 31 March 2023







Director: A Russell





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 02162290 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Russell Geomatics Limited (Registered number: 02162290)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 37,785 40,248

Current assets
Debtors 5 33,992 28,772
Cash at bank 113,427 82,183
147,419 110,955
Creditors
Amounts falling due within one year 6 38,948 39,598
Net current assets 108,471 71,357
Total assets less current liabilities 146,256 111,605

Creditors
Amounts falling due after more than
one year

7

(21,000

)

(30,000

)

Provisions for liabilities 8 (8,472 ) (6,859 )
Net assets 116,784 74,746

Capital and reserves
Called up share capital 100 100
Retained earnings 116,684 74,646
Shareholders' funds 116,784 74,746

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 Geomatics Limited (Registered number: 02162290)

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 29 November 2023 and were signed by:





A Russell - Director


Russell Geomatics Limited (Registered number: 02162290)

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

1. Statutory information

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

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Survey equipment - 20% on cost
Office equipment - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

Russell Geomatics Limited (Registered number: 02162290)

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

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 2 ) .

4. Tangible fixed assets
Survey Office Motor Computer
equipment equipment vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022 219,838 5,309 20,561 79,192 324,900
Additions 6,761 - 3,025 6,167 15,953
Disposals (63,379 ) (1,004 ) - (30,922 ) (95,305 )
At 31 March 2023 163,220 4,305 23,586 54,437 245,548
Depreciation
At 1 April 2022 189,385 4,539 20,448 70,280 284,652
Charge for year 9,272 94 718 7,838 17,922
Eliminated on disposal (63,282 ) (607 ) - (30,922 ) (94,811 )
At 31 March 2023 135,375 4,026 21,166 47,196 207,763
Net book value
At 31 March 2023 27,845 279 2,420 7,241 37,785
At 31 March 2022 30,453 770 113 8,912 40,248

5. Debtors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Trade debtors 30,363 20,631
Other debtors 3,629 8,141
33,992 28,772

Russell Geomatics Limited (Registered number: 02162290)

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

6. Creditors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 9,000 9,000
Taxation and social security 24,868 25,914
Other creditors 5,080 4,684
38,948 39,598

7. Creditors: amounts falling due after more than one year
31/3/23 31/3/22
£    £   
Bank loans 21,000 30,000

8. Provisions for liabilities
31/3/23 31/3/22
£    £   
Deferred tax 8,472 6,859

Deferred
tax
£   
Balance at 1 April 2022 6,859
Charge to Statement of Income and Retained Earnings
during year

1,613
Balance at 31 March 2023 8,472