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REGISTERED NUMBER: 04937049 (England and Wales)















Russell Haynes Building Services Limited

Unaudited Financial Statements

For The Year Ended 31st October 2023






Russell Haynes Building Services Limited (Registered number: 04937049)

Contents of the Financial Statements
For The Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Russell Haynes Building Services Limited

Company Information
For The Year Ended 31st October 2023







DIRECTORS: R J Haynes
Mrs J Haynes





SECRETARY:





REGISTERED OFFICE: Unit 81 Centaur Court
Claydon Business Park
Gt. Blakenham
Ipswich
Suffolk
IP6 0NL





REGISTERED NUMBER: 04937049 (England and Wales)





ACCOUNTANTS: John Phillips & Co Limited
Accountants
Unit 81 Centaur Court
Claydon Business Park
Gt. Blakenham
Ipswich
Suffolk
IP6 0NL

Russell Haynes Building Services Limited (Registered number: 04937049)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,109,378 1,126,024

CURRENT ASSETS
Stocks 5 4,000 4,000
Debtors 6 90,809 98,032
Cash at bank 338,701 419,979
433,510 522,011
CREDITORS
Amounts falling due within one year 7 23,033 76,304
NET CURRENT ASSETS 410,477 445,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,519,855

1,571,731

CREDITORS
Amounts falling due after more than one
year

8

-

10,000
NET ASSETS 1,519,855 1,561,731

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 1,519,853 1,561,729
SHAREHOLDERS' FUNDS 1,519,855 1,561,731

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

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

The directors acknowledge their 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 Haynes Building Services Limited (Registered number: 04937049)

Balance Sheet - continued
31st October 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 Board of Directors and authorised for issue on 6th March 2024 and were signed on its behalf by:





R J Haynes - Director


Russell Haynes Building Services Limited (Registered number: 04937049)

Notes to the Financial Statements
For The Year Ended 31st October 2023


1. STATUTORY INFORMATION

Russell Haynes Building Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Russell Haynes Building Services Limited (Registered number: 04937049)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023


2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st November 2022 1,081,429 5,140 104,495 1,191,064
Additions - 1,581 30,500 32,081
Disposals - - (74,500 ) (74,500 )
At 31st October 2023 1,081,429 6,721 60,495 1,148,645
DEPRECIATION
At 1st November 2022 - 3,977 61,063 65,040
Charge for year - 625 8,380 9,005
Eliminated on disposal - - (34,778 ) (34,778 )
At 31st October 2023 - 4,602 34,665 39,267
NET BOOK VALUE
At 31st October 2023 1,081,429 2,119 25,830 1,109,378
At 31st October 2022 1,081,429 1,163 43,432 1,126,024

5. STOCKS
2023 2022
£    £   
Work-in-progress 4,000 4,000

Russell Haynes Building Services Limited (Registered number: 04937049)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,389 29,044
Loans 57,598 57,598
Directors' loan accounts 7,612 378
Tax 444 444
VAT 1,018 -
Prepayments 12,748 10,568
90,809 98,032

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,861 10,497
Tax 14,715 59,914
Social security and other taxes (1,543 ) (453 )
VAT - 6,346
23,033 76,304

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 10,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

Russell Haynes Building Services Limited (Registered number: 04937049)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023


10. RESERVES
Retained
earnings
£   

At 1st November 2022 1,561,729
Profit for the year 48,124
Dividends (90,000 )
At 31st October 2023 1,519,853