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Company Registration No. 08829484 (England and Wales)
Russellthomson Ltd Unaudited accounts for the year ended 31 January 2024
Russellthomson Ltd Unaudited accounts Contents
Page
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Russellthomson Ltd Company Information for the year ended 31 January 2024
Director
Russell Thomson
Company Number
08829484 (England and Wales)
Registered Office
13 Daish Way Newport Isle of Wight PO30 5XJ
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Russellthomson Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
182,459 
142,000 
Current assets
Inventories
8,000 
30,465 
Debtors
74,408 
64,055 
Cash at bank and in hand
48,007 
47,334 
130,415 
141,854 
Creditors: amounts falling due within one year
(88,173)
(111,351)
Net current assets
42,242 
30,503 
Total assets less current liabilities
224,701 
172,503 
Creditors: amounts falling due after more than one year
(137,510)
(102,027)
Net assets
87,191 
70,476 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
87,189 
70,474 
Shareholders' funds
87,191 
70,476 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2024 and were signed on its behalf by
Russell Thomson Director Company Registration No. 08829484
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Russellthomson Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Russellthomson Ltd is a private company, limited by shares, registered in England and Wales, registration number 08829484. The registered office is 13 Daish Way, Newport, Isle of Wight, PO30 5XJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 20% & 25%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
140,000 
73,399 
213,399 
Additions
- 
55,279 
55,279 
At 31 January 2024
140,000 
128,678 
268,678 
Depreciation
At 1 February 2023
- 
71,399 
71,399 
Charge for the year
- 
14,820 
14,820 
At 31 January 2024
- 
86,219 
86,219 
Net book value
At 31 January 2024
140,000 
42,459 
182,459 
At 31 January 2023
140,000 
2,000 
142,000 
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Russellthomson Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,624 
38,271 
Amounts due from group undertakings etc.
22,689 
22,689 
Other debtors
3,095 
3,095 
74,408 
64,055 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,507 
6,306 
VAT
5,156 
2,949 
Obligations under finance leases and hire purchase contracts
4,571 
- 
Trade creditors
70,390 
100,683 
Other creditors
927 
1,243 
Loans from directors
622 
170 
88,173 
111,351 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
95,318 
102,027 
Obligations under finance leases and hire purchase contracts
42,192 
- 
137,510 
102,027 
8
Average number of employees
During the year the average number of employees was 4 (2023: 6).
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