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REGISTERED NUMBER: 13185576 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

Russell Wright (Rushden) Ltd

Russell Wright (Rushden) Ltd (Registered number: 13185576)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Russell Wright (Rushden) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Russell
Mrs C O'Grady
D Wright





REGISTERED OFFICE: Yoden House,
30 Yoden Way,
Peterlee
SR8 1AL





REGISTERED NUMBER: 13185576 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Russell Wright (Rushden) Ltd (Registered number: 13185576)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 163,391 163,391

CURRENT ASSETS
Debtors 5 2,400 800
Cash at bank and in hand 8,307 825
10,707 1,625
CREDITORS
Amounts falling due within one year 6 (179,201 ) (166,430 )
NET CURRENT LIABILITIES (168,494 ) (164,805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,103

)

(1,414

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 (5,203 ) (1,514 )
(5,103 ) (1,414 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 23 July 2024 and were signed on its behalf by:





D Wright - Director


Russell Wright (Rushden) Ltd (Registered number: 13185576)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Russell Wright (Rushden) 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 163,391
NET BOOK VALUE
At 31 March 2024 163,391
At 31 March 2023 163,391

Russell Wright (Rushden) Ltd (Registered number: 13185576)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,400 800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,632 2,438
Other creditors 82,121 81,921
Directors' current accounts 87,800 81,471
Accrued expenses 648 600
179,201 166,430

7. RESERVES
Retained
earnings
£   

At 1 April 2023 (1,514 )
Deficit for the year (3,689 )
At 31 March 2024 (5,203 )