C.RUSSELL AUTO SALES LTD

Company Registration Number:
NI053540 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

C.RUSSELL AUTO SALES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

C.RUSSELL AUTO SALES LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 420 560
Tangible assets: 4 168,243 145,382
Total fixed assets: 168,663 145,942
Current assets
Stocks: 1,294,230 1,119,113
Debtors:   228,800 73,333
Cash at bank and in hand: 67,320 173,943
Total current assets: 1,590,350 1,366,389
Creditors: amounts falling due within one year:   (464,652) (467,899)
Net current assets (liabilities): 1,125,698 898,490
Total assets less current liabilities: 1,294,361 1,044,432
Creditors: amounts falling due after more than one year:     (48,184)
Total net assets (liabilities): 1,294,361 996,248
Capital and reserves
Called up share capital: 6 6
Profit and loss account: 1,294,355 996,242
Shareholders funds: 1,294,361 996,248

The notes form part of these financial statements

C.RUSSELL AUTO SALES LTD

Balance sheet statements

For the year ending 31 March 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 December 2023
and signed on behalf of the board by:

Name: Ciaran Russell
Status: Director

The notes form part of these financial statements

C.RUSSELL AUTO SALES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

C.RUSSELL AUTO SALES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 17 16

C.RUSSELL AUTO SALES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 1,400
At 31 March 2023 1,400
Amortisation
At 01 April 2022 840
Charge for year 140
At 31 March 2023 980
Net book value
At 31 March 2023 420
At 31 March 2022 560

C.RUSSELL AUTO SALES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 256,259
Additions 52,550
At 31 March 2023 308,809
Depreciation
At 01 April 2022 110,877
Charge for year 29,689
At 31 March 2023 140,566
Net book value
At 31 March 2023 168,243
At 31 March 2022 145,382