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REGISTERED NUMBER: 07134660 (England and Wales)















Financial Statements for the Year Ended 31 January 2023

for

Russell Heating Ltd

Russell Heating Ltd (Registered number: 07134660)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Russell Heating Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: A Lila





REGISTERED OFFICE: 7 Axon Paddock
Shefford
SG17 5ZL





REGISTERED NUMBER: 07134660 (England and Wales)





ACCOUNTANTS: Ortenz & Co Ltd
354 High Street North
London
E12 6PH

Russell Heating Ltd (Registered number: 07134660)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,098 22,264

CURRENT ASSETS
Debtors 5 69,375 60,357
Cash at bank and in hand 9,344 8,440
78,719 68,797
CREDITORS
Amounts falling due within one year 6 46,503 41,327
NET CURRENT ASSETS 32,216 27,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,314

49,734

CREDITORS
Amounts falling due after more than one year 7 40,919 48,144
NET ASSETS 395 1,590

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 394 1,589
SHAREHOLDERS' FUNDS 395 1,590

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

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

The director acknowledges his 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.

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 3 April 2024 and were signed by:



A Lila - Director


Russell Heating Ltd (Registered number: 07134660)

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

1. STATUTORY INFORMATION

Russell Heating 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.

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.

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred trecognized recognised in the Income Statement, except to the extenrecognizedrelates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognized at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Russell Heating Ltd (Registered number: 07134660)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 69,494
DEPRECIATION
At 1 February 2022 47,230
Charge for year 13,166
At 31 January 2023 60,396
NET BOOK VALUE
At 31 January 2023 9,098
At 31 January 2022 22,264

5. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Trade debtors 100 -
Other debtors 69,275 52,112
69,375 52,112

Amounts falling due after more than one year:
Other debtors - 8,245

Aggregate amounts 69,375 60,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 2,369 255
Trade creditors 494 494
Taxation and social security 42,820 40,578
Other creditors 820 -
46,503 41,327

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 34,951 42,176
Other creditors 5,968 5,968
40,919 48,144

Russell Heating Ltd (Registered number: 07134660)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
A Lila
Balance outstanding at start of year 50,841 38,597
Amounts advanced 25,661 18,861
Amounts repaid (3,760 ) -
Amounts written off (11,712 ) (6,617 )
Amounts waived - -
Balance outstanding at end of year 61,030 50,841