Company Registration No. 08829484 (England and Wales)
Russellthomson Ltd
Unaudited accounts
for the year ended 31 January 2024
Russellthomson Ltd
Unaudited accounts
Contents
Russellthomson Ltd
Company Information
for the year ended 31 January 2024
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
Russellthomson Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
182,459
142,000
Cash at bank and in hand
48,007
47,334
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)
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
Russellthomson Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 January 2024
140,000
128,678
268,678
At 1 February 2023
-
71,399
71,399
Charge for the year
-
14,820
14,820
At 31 January 2024
-
86,219
86,219
At 31 January 2024
140,000
42,459
182,459
At 31 January 2023
140,000
2,000
142,000
Russellthomson Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
48,624
38,271
Amounts due from group undertakings etc.
22,689
22,689
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,507
6,306
Obligations under finance leases and hire purchase contracts
4,571
-
Trade creditors
70,390
100,683
Loans from directors
622
170
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
42,192
-
8
Average number of employees
During the year the average number of employees was 4 (2023: 6).