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REGISTERED NUMBER: 09139545 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Russelllyn Ltd

Russelllyn Ltd (Registered number: 09139545)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Russelllyn Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Miss L Russell





REGISTERED OFFICE: The Stables
Tack Farm
Hewell Lane
Redditch
Worcestershire
B97 6QH





REGISTERED NUMBER: 09139545 (England and Wales)





ACCOUNTANTS: Frederickson Pinnell Limited
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

Russelllyn Ltd (Registered number: 09139545)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,577 1,265

CURRENT ASSETS
Cash at bank 742 2,927

CREDITORS
Amounts falling due within one year 5 2,298 2,484
NET CURRENT (LIABILITIES)/ASSETS (1,556 ) 443
TOTAL ASSETS LESS CURRENT
LIABILITIES

21

1,708

PROVISIONS FOR LIABILITIES 6 300 240
NET (LIABILITIES)/ASSETS (279 ) 1,468

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (280 ) 1,467
SHAREHOLDERS' FUNDS (279 ) 1,468

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

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

The director acknowledges her 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.

Russelllyn Ltd (Registered number: 09139545)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 February 2024 and were signed by:





Miss L Russell - Director


Russelllyn Ltd (Registered number: 09139545)

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

1. STATUTORY INFORMATION

Russelllyn Ltd 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Russelllyn Ltd (Registered number: 09139545)

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

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 August 2022 2,095
Additions 1,099
At 31 July 2023 3,194
DEPRECIATION
At 1 August 2022 830
Charge for year 787
At 31 July 2023 1,617
NET BOOK VALUE
At 31 July 2023 1,577
At 31 July 2022 1,265

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security (521 ) 537
Other creditors 2,819 1,947
2,298 2,484

6. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 300 240

Deferred
tax
£   
Balance at 1 August 2022 240
Provided during year 60
Balance at 31 July 2023 300

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1

Russelllyn Ltd (Registered number: 09139545)

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

8. ULTIMATE CONTROLLING PARTY

The controlling party is Miss L Russell.

9. GOING CONCERN

The accounts have been prepared on a going concern basis on the grounds that the continuation of the companies activities is dependent upon the continued support of its director.