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REGISTERED NUMBER: NI007392 (Northern Ireland)











Russell Brothers and Co Builders Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Russell Brothers and Co Builders Limited (Registered number: NI007392)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Russell Brothers and Co Builders Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: V W Brown
D S Fraser





SECRETARY: D S Fraser





REGISTERED OFFICE: 63A Kilvergan Road
Lurgan
Craigavon
Co. Armagh
BT66 6LJ





REGISTERED NUMBER: NI007392 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Russell Brothers and Co Builders Limited

Report of the Accountants to the Directors of
Russell Brothers and Co Builders Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


22 July 2024

Russell Brothers and Co Builders Limited (Registered number: NI007392)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 321,641 316,655

CURRENT ASSETS
Stocks 400 400
Debtors 5 603,378 605,806
Investments 6 454,117 455,827
Cash at bank and in hand 1,066,367 1,326,280
2,124,262 2,388,313
CREDITORS
Amounts falling due within one year 7 629,664 598,513
NET CURRENT ASSETS 1,494,598 1,789,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,816,239

2,106,455

PROVISIONS FOR LIABILITIES 23,969 21,510
NET ASSETS 1,792,270 2,084,945

CAPITAL AND RESERVES
Called up share capital 5,004 5,004
Share premium 5,000 5,000
Revaluation reserve 8 77,264 77,264
Retained earnings 1,705,002 1,997,677
SHAREHOLDERS' FUNDS 1,792,270 2,084,945

Russell Brothers and Co Builders Limited (Registered number: NI007392)

Balance Sheet - continued
31 December 2023


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

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

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 22 July 2024 and were signed on its behalf by:




D S Fraser - Director



V W Brown - Director


Russell Brothers and Co Builders Limited (Registered number: NI007392)

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


1. STATUTORY INFORMATION

Russell Brothers and Co Builders Limited is a private company, limited by shares , registered in Northern Ireland. 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.
Freehold property - 2% Reducing Balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Brothers and Co Builders Limited (Registered number: NI007392)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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 NIL (2022 - 17 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 166,292 397,870 78,783
Additions - 61,367 -
At 31 December 2023 166,292 459,237 78,783
DEPRECIATION
At 1 January 2023 59,991 270,554 76,981
Charge for year 2,126 37,736 271
At 31 December 2023 62,117 308,290 77,252
NET BOOK VALUE
At 31 December 2023 104,175 150,947 1,531
At 31 December 2022 106,301 127,316 1,802

Russell Brothers and Co Builders Limited (Registered number: NI007392)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 148,699 9,696 801,340
Additions - - 61,367
At 31 December 2023 148,699 9,696 862,707
DEPRECIATION
At 1 January 2023 70,640 6,519 484,685
Charge for year 15,613 635 56,381
At 31 December 2023 86,253 7,154 541,066
NET BOOK VALUE
At 31 December 2023 62,446 2,542 321,641
At 31 December 2022 78,059 3,177 316,655

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 204,834
Amounts recoverable on contract 439,624 314,974
Other debtors 163,754 85,998
603,378 605,806

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 454,117 455,827

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 99,535 152,855
Taxation and social security 192,265 262,330
Other creditors 337,864 183,328
629,664 598,513

Russell Brothers and Co Builders Limited (Registered number: NI007392)

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


8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 77,264