Company registration number 12261503 (England and Wales)
RUSSELL & GLOVER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
RUSSELL & GLOVER LTD
COMPANY INFORMATION
Directors
Mr M D Glover
Mr K A P Russell
Company number
12261503
Registered office
12 Beechfield Drive
Beechfield Drive
Middlewich
CW10 9QE
Accountants
Theataccounts Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
RUSSELL & GLOVER LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
RUSSELL & GLOVER LTD
ENTERTAINMENT ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RUSSELL & GLOVER LTD FOR THE YEAR ENDED 30 OCTOBER 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Russell & Glover Ltd for the year ended 30 October 2023 set out on pages to 4 from the company’s accounting records and from information and explanations you have given us.

It is your duty to ensure that Russell & Glover Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Russell & Glover Ltd. You consider that Russell & Glover Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Russell & Glover Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Theataccounts Limited
26 July 2024
Entertainment Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
RUSSELL & GLOVER LTD
BALANCE SHEET
AS AT 30 OCTOBER 2023
30 October 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
755
1,132
Current assets
Cash at bank and in hand
12
11
Creditors: amounts falling due within one year
4
(30,128)
(29,951)
Net current liabilities
(30,116)
(29,940)
Net liabilities
(29,361)
(28,808)
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
(29,363)
(28,810)
Total equity
(29,361)
(28,808)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 26 July 2024 and are signed on its behalf by:
Mr M D Glover
Mr K A P Russell
Director
Director
Company registration number 12261503 (England and Wales)
RUSSELL & GLOVER LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023
- 3 -
1
Accounting policies
Company information

Russell & Glover Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 12 Beechfield Drive, Beechfield Drive, Middlewich, United Kingdom, CW10 9QE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Intellectual property
20% on cost
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
RUSSELL & GLOVER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2023
- 4 -
3
Intangible fixed assets
Intellectual property
£
Cost
At 1 November 2022 and 30 October 2023
1,886
Amortisation and impairment
At 1 November 2022
754
Amortisation charged for the year
377
At 30 October 2023
1,131
Carrying amount
At 30 October 2023
755
At 31 October 2022
1,132
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
30,128
29,951
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
6
Ultimate controlling party

There is no ultimate controlling party.

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